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Sens privé, sens commun ?

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  • Jean-Michel Severino

Abstract

This article discusses the transformation of the concept of corporations in the contemporary world and how it is driven to be a new contributor to global public goods. Heir to a vision of the company as a simple generator of profit, our society is evolving under the combined pressure of consumers, employees, regulators, but also managers and shareholders, in a world marked by the appearance of public causes, to which companies are summoned to contribute. The article proposes to redefine the corporation on the basis of the value it generates. That will put into perspective the new vision of public policy, as well as corporate strategy, that is emerging. JEL classification: A13, D21, H04, L21, M14.

Suggested Citation

  • Jean-Michel Severino, 2023. "Sens privé, sens commun ?," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 53-65.
    • Handle: RePEc:cai:refaef:ecofi_151_0053
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    More about this item

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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