A Stakeholder Rationale for Risk Management : Implications for Corporate Finance Decisions.

Ordinarily, only the interests of shareholders, debtholders, and corporate management are taken into account when analyzing corporate financial decisions while the interests of non-financial stakeholders are often neglected. Gregor Gossy develops a so-called stakeholder rationale for risk management...

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Bibliographic Details
Main Author: Gossy, Gregor
Format: eBook
Language:English
Published: Wiesbaden : Betriebswirtschaftlicher Verlag Dr. Th. Gabler / GWV Fachverlage, 2008.
Series:Gabler Edition Wissenschaft.
Subjects:
Online Access:Click for online access

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100 1 |a Gossy, Gregor. 
245 1 2 |a A Stakeholder Rationale for Risk Management :  |b Implications for Corporate Finance Decisions. 
260 |a Wiesbaden :  |b Betriebswirtschaftlicher Verlag Dr. Th. Gabler / GWV Fachverlage,  |c 2008. 
300 |a 1 online resource 
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504 |a Includes bibliographical references. 
588 0 |a Print version record. 
505 0 |a Stakeholder Theory -- The Theory of the Firm -- The Theory of Corporate Risk Management -- Theories of Corporate Finance Decisions -- Statistical methodology -- Empirical study -- Conclusions and suggestions for future research. 
520 |a Ordinarily, only the interests of shareholders, debtholders, and corporate management are taken into account when analyzing corporate financial decisions while the interests of non-financial stakeholders are often neglected. Gregor Gossy develops a so-called stakeholder rationale for risk management arguing that firms which are more dependent on implicit claims from their non-financial stakeholders, such as customers, suppliers, and employees, prefer conservative financial policies. In order to perform panel data analyses of the determinants of corporate financial decisions, the author uses data from Austrian and German industrial companies. He shows that variables for a firm's most important non-financial stakeholders explain the firm's capital structure and cash holding decisions. His findings suggest that a firm's choice of accounting standards have a moderating effect on the determinants of corporate finance decisions. 
546 |a English. 
650 0 |a Banks and banking. 
650 0 |a Economics. 
650 0 |a Economics/Management Science. 
650 7 |a economics.  |2 aat 
650 7 |a Science économique.  |2 eclas 
650 7 |a Affaires.  |2 eclas 
650 7 |a Economie de l'entreprise.  |2 eclas 
650 7 |a Banks and banking  |2 fast 
650 7 |a Economics  |2 fast 
758 |i has work:  |a A stakeholder rationale for risk management (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCFv8FcFwHkFppGdqy4g4mb  |4 https://id.oclc.org/worldcat/ontology/hasWork 
773 0 |t Springer Nature eBook 
776 0 8 |i Print version:  |a Gossy, Gregor.  |t A Stakeholder Rationale for Risk Management.  |d Wiesbaden : Springer Fachmedien, ©2008  |z 9783834909855 
830 0 |a Gabler Edition Wissenschaft. 
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