题名

The Ethical Motivation of Top Manager's Decision about Stakeholder Management and Firm Value

并列篇名

高階經理決策之倫理動機對公司利益攸關人權益與公司價值之影響

DOI

10.30001/JIES.200903.0015

作者

林欣美(Hsin-Mei Lin)；Nai-Hui Su

关键词

Business ethics ； motivation ； share repurchase

期刊名称

美容科技學刊

卷期/出版年月

6卷1期（2009 / 03 / 01）

页次

179 - 212

内容语文

英文
英文摘要

Little empirical work has been done on the effect of share repurchase management on the long-term firm value. In this study, we present an empirical explanation that draws on business ethics and stakeholder theories to present an academically rigorous version of a simple argument: bad motivation earns chit. We contributed to business ethics by (1) deriving a distinct share repurchase model from extant empirical research, (2) testing the descriptive accuracy of the long-term value of firm from its moral motivation, and (3) including important concept from the top management literature in the concept and tested models. The results provide support for an opportunistic motivation of share repurchase could not manipulate firm value in the long run. Implications of these findings for management practice and future research are discussed.
主题分类 醫藥衛生 > 醫藥總論
醫藥衛生 > 基礎醫學
醫藥衛生 > 中醫藥學
醫藥衛生 > 外科
醫藥衛生 > 藥理醫學
社會科學 > 經濟學
社會科學 > 管理學
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