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This is a Literature Review study.

August 16, 2025Strategic Management JournalOpen Access

The right to decide: A decision‐based perspective on corporate stakeholder governance

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Decision-making structures can effectively engage multiple stakeholders while controlling costs, highlighting their significance in corporate governance.
The analysis identifies three stakeholder governance types that align corporate objectives with the differing preferences of various stakeholders.
Focusing on governance attributes like control rights and decision mechanisms improves stakeholder involvement and addresses complex problems.
Structures dealing with broader externalities provide better problem formulation, thus facilitating more effective decision-making in challenging contexts.

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Implication

This analysis evaluates corporate governance types based on externalities in decision-making, suggesting improved stakeholder engagement structures can lower costs.

Cite This Study

Freire et al. (2025) studied this question.

synapsesocial.com/papers/68a3669b0a429f797332c2cf https://doi.org/10.1002/smj.70002

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Implication

This analysis evaluates corporate governance types based on externalities in decision-making, suggesting improved stakeholder engagement structures can lower costs.

The right to decide: A decision‐based perspective on corporate stakeholder governance

Key Points

Discussion

Implication

Cite This Study

The right to decide: A decision‐based perspective on corporate stakeholder governance

Key Points

Discussion

Implication

Cite This Study

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