Scrooge—The Reluctant Stakeholder
Abstract: Corporations law around the world is moving in the direction of the shareholder primacy model, common in the USA and other common law countries. Lawyers, academics and public policy analysts are divided as to the merits of the model and its main competitor, the stakeholder model. The gist of arguments usually hinge on economics. This article examines the claims for and against the two models on their own terms, and suggests that law has a unique contribution to make to the development of the corporation and society.
Commercial Law | Law
Date of this Version
Benedict C. Sheehy, "Scrooge—The Reluctant Stakeholder" (September 22, 2003). bepress Legal Series. bepress Legal Series.Working Paper 75.