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Strategic Audit and Ownership Strategy

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  • Mike Franz Wahl

    (Tallinn University of Technology, Estonia.)

Abstract

In the new global economy, ownership has become a central issue for organizational performance. Ownership strategy is where corporate governance meets strategic management. Highlighting a knowledge gap in the field of corporate governance, the author is asking the central research question: “how to develop an ownership strategy?†The main purpose of this paper is to answer this original question and develop a better understanding about ownership strategies. Theoretically there is evidence to indicate that there is a link between strategic audit and ownership strategy. Analyzing firm cases from Estonia allows concluding that the strategic audit is useful for developing systemically ownership strategies, which in turn could be a realistic alternative for complete contracts. The use of strategic audits gives the business owner an opportunity to analyze his own actions and behavior, learning, managing knowledge, and finally clearly expressing his will in the form of an ownership strategy.

Suggested Citation

  • Mike Franz Wahl, 2015. "Strategic Audit and Ownership Strategy," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 5(9), pages 93-100, September.
    • Handle: RePEc:mir:mirbus:v:5:y:2015:i:9:p:93-100
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    File URL: http://thejournalofbusiness.org/index.php/site/article/view/838/558
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    References listed on IDEAS

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    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. Mike Franz Wahl, 2012. "Ownership Typology: Four Basic Human Values & Will Based Ideal Types," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 4(2).
    5. R. Edward Freeman & Andrew C. Wicks & Bidhan Parmar, 2004. "Stakeholder Theory and “The Corporate Objective Revisited”," Organization Science, INFORMS, vol. 15(3), pages 364-369, June.
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    Cited by:

    1. Supriya Banerjee & Mike F. Wahl, 2017. "Values Based Ideal Types of Corporate Governance Systems," Journal of Business, LAR Center Press, vol. 2(1), pages 13-25, January.
    2. Gudrun Erla Jonsdottir & Throstur Olaf Sigurjonsson & Ahmad Rahnema Alavi & Jordan Mitchell, 2021. "Applying Responsible Ownership to Advance SDGs and the ESG Framework, Resulting in the Issuance of Green Bonds," Sustainability, MDPI, vol. 13(13), pages 1-20, June.

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