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Stakeholder Management, Cooperatives, and Selfish-Individualism

Author

Listed:
  • Ferri Giovanni

    (Full Professor of Economics, LUMSA University, Rome, Italy)

  • Leogrande Angelo

    (Assistant Professor of Economics, LUM University, Casamassima, Italy)

Abstract

We analyze stakeholder management (STM) relative to cooperation and individualism within the fourth industrial revolution (FIR). STM is a recent corporate governance tool boosting cooperation and allowing representativeness of individualistic behaviors even in dialectical environments. Though forerunning it, cooperatives massively use STM now, while the FIR demands cooperation also at non-cooperative enterprises. We reach two main conclusions. Deeper orientation towards STM helps solve the shareholder management (SHM) crisis. Moreover, exemplifying the benefits of STM towards social and environmental goals, cooperatives can inspire also other companies aiming to reduce the negative externalities of SHM and profit from cooperation within the FIR.

Suggested Citation

  • Ferri Giovanni & Leogrande Angelo, 2021. "Stakeholder Management, Cooperatives, and Selfish-Individualism," Journal for Markets and Ethics, Sciendo, vol. 9(2), pages 61-75, December.
    • Handle: RePEc:vrs:jmaeth:v:9:y:2021:i:2:p:61-75:n:3
    DOI: 10.2478/jome-2021-0005
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    Cited by:

    1. Costantiello, Alberto & Leogrande, Angelo, 2023. "The Role Of Political Stability In The Context Of Esg Models At World Level," SocArXiv kv9pg, Center for Open Science.
    2. Costantiello, Alberto & Leogrande, Angelo, 2023. "The Role Of Gdp Growth In The Esg Approach At World Level," SocArXiv r56hu, Center for Open Science.
    3. Leogrande, Angelo & Costantiello, Alberto, 2023. "The Impact of Government Expenditure on Education in the ESG Models at World Level," MPRA Paper 117216, University Library of Munich, Germany.

    More about this item

    Keywords

    Stakeholder Management; Cooperative Banks; Shareholder value; Individualism; Market Society;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises
    • P13 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Cooperative Enterprises

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