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A propos de l’actionnariat « détaché »

Author

Listed:
  • Fasterling , Björn

    (EDHEC Business School (Lille))

Abstract

From a legal perspective, the membership in a business corporation is expressed through shares, and individual membership succession can in principle be achieved through a negotiable transaction. This has the effect that the interests of the corporation’s shareholders may be directed away from the enterprise activity to the shares, into which the corporation is divided. To illustrate this shift of interest, I characterize the membership in a business corporation as potentially “dispassionate”. Serving the financial interests of the “dispassionate” shareholder will be presented here as the modus operandi of the corporation. In this light, the attention that a company’s management must pay to the enrichment of shareholders depends on the importance of dispassionate shareholder support for the company’s activities. This perspective permits the introduction of new arguments in the CSR debate.

Suggested Citation

  • Fasterling , Björn, 2008. "A propos de l’actionnariat « détaché »," Ethics and Economics, CREUM, Université de Montréal, vol. 5(2), pages 1-10.
    • Handle: RePEc:ris:etheco:0020
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    Citations

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    Cited by:

    1. Carine Girard & André Sobczak, 2012. "Towards a Model of Corporate and Social Stakeholder Engagement: Analyzing the Relations Between a French Mutual Bank and Its Members," Journal of Business Ethics, Springer, vol. 107(2), pages 215-225, May.
    2. Carine Girard & André Sobczak, 2012. "Towards a Model of Corporate and Social Stakeholder Engagement: Analyzing the Relations Between a French Mutual Bank and Its Members," Post-Print hal-00813154, HAL.

    More about this item

    Keywords

    CSR; RSE; forme juridique; responsabilité sociale de l’entreprise; gouvernance d’entreprise; actionnaires; enrichissement;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General

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