Value Creation, Appropriation, and Distribution: How Firms Contribute to Societal Economic Inequality

Business and Society 57 (6):983-1009 (2018)
  Copy   BIBTEX

Abstract

Firms are central to wealth creation and distribution, but their role in economic inequality in a society remains poorly studied. In this essay, we define and distinguish value distribution from value creation and value appropriation. We identify four value distribution mechanisms that firms engage in and argue that shareholder wealth maximization approach skews the value distribution toward shareholders and top executives, which in turn contributes to rising economic inequalities around the world. We call on organizational scholars to study the value distribution role of firms and its consequences for society, and introduce the articles in this volume of the special issue on economic inequality, business, and society.

Other Versions

No versions found

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 102,020

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Aartha: Philosophical Significance of Economics.Irena Peidade Mesquita & Akash Sadanand Naik Salgaonkar - 2023 - International Journal of Advance and Applied Research 10 (4).
Misunderstanding distribution.Young Back Choi - 2002 - Social Philosophy and Policy 19 (1):110-139.
The VBA Model and Public Value.Pepe Strathoff - 2014 - Business and Professional Ethics Journal 33 (4):297-319.

Analytics

Added to PP
2018-06-06

Downloads
64 (#336,530)

6 months
8 (#635,425)

Historical graph of downloads
How can I increase my downloads?