| 000 -LEADER |
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| fixed length control field |
01393nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
210927b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Valentinow, V. Roth, S. and Pies, I. |
| 245 ## - TITLE STATEMENT |
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| Title |
Social goals in the theory of the firm: A systems theory view |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
Administration & Society |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
53(2), Feb, 2021: p.273-304 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
Drawing on Luhmannian social systems theory, this article revisits the single- versus multiple-objective debate on the theory of the firm. Firms are conceptualized as complexity reducing systems structurally coupled with potentially risky environments, and profit maximization is considered as a complexity reduction strategy for making sense of these environments. Whereas single-objective approaches reflect cases when environmental risks do not materialize into corporate sustainability problems, multiple-objective approaches address these problems by increasing the corporation’s environmental responsiveness beyond the profit maximization function. Our systems-theoretic framework therefore identifies the common ground between the two approaches and draws attention to the circumstances under which they can claim validity. – Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Niklas Lluhmann, Social goals of the firm, Systems theory, Theory of the firm |
| 9 (RLIN) |
27683 |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Administration & Society |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
SOCIAL SYSTEMS |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
