haku: @indexterm stocks / yhteensä: 197
viite: 18 / 197
| Tekijä: | Kierulff, H. Learned, G. |
| Otsikko: | Limiting laissez faire profits: the financial implications |
| Lehti: | Journal of Business Ethics
2009 : DEC II, VOL. 90:3, p. 425-436 |
| Asiasana: | finance profit return on investment stakeholders stocks capital investment debt risk |
| Kieli: | eng |
| Tiivistelmä: | In light of legislation and recent scandals, businesses are increasingly expected to use financial resources in a way which benefits society and not just the owners of the firm, unavoidably reducing investor returns and having at least two major financial implications for the firm and the economy: 1. it may cause investors to change their required rates of return, thereby changing the amount of capital available to firms, and the economy 2. it may implicitly replace equity with debt in the capital structure of firms, with all that implies for financing and corporate governance. This article aims at exploring these implications and at evaluating their sometimes counterintuitive consequences. |
SCIMA