Stakeholders' conflicts and corporate assets
An Institutional Meta-Complementarities Approach
Bibliographic Data
| ID | 4914940 |
|---|---|
| Authors | Fernando Landini (0000-0001-7523-458X, University of Parma, corresponding author), Fabio Landini (University of Parma), U Pagano (0000-0002-9917-5091, University of Siena, corresponding author) |
| Year | 2020 |
| Volume | 18 |
| Issue | 1 |
| Pages | 53-80 |
| Publication date | 2020-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Socio-Economic Review (JOURNAL) |
| Journal identifiers | ISSN: 1475-1461 • E-ISSN: 1475-147X |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/ser/mwy017 |
| OpenAlex | W2795805428 |
| Language | EN |
| Citations received | 1 |
| References cited | 51 |
In this paper, we argue that the relationship between shareholder conflicts and corporate assets can generate multiple equilibrium configurations that can be helpful to understand how corporate governance systems may change under different historical models of capitalism. These relationships can be modeled as 'meta-complementarities' existing among two different sets of institutional complementarity. The first institutional complementarity arises in realm of the conflicts among different stakeholders and generates multiple equilibria that define different systems of rights on corporate assets. The second institutional complementarity arises between corporate rights and assets. Dispersed shareholders and non-unionized workers are complementary organizational forms and generate a form of corporate governance interacting with complementary corporate assets. A similar set of institutional meta-complementarities characterizes the relation between concentrated ownership, unionized workers and corporate assets
Business · Complementarity (molecular biology · Corporate governance · Economics · Industrial organization · Shareholder · Stakeholder · Theory of the firm · Cooperative Studies and Economics · Economic Theory and Policy · Finance · Political Economy and Marxism
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| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |