Title: MSc Management – Business Economics
Overall word limit: 2000
Deadline：3 days
1. It is said that whilst firms have shareholders who want to make a profit and managers who want to earn a wage, they also have many stakeholders that do not own nor work for the company but are affected by its actions. Critically explore the theoretical and empirical basis of the divorce of ownership from control implied in this statement and comment on whether you consider the statement to be correct. (100 Marks)
Please use more economics theory, graphs, elaborations and so on from the ppt.
Be critical and analyze both sides with real examples.
The word count should:
- Include all the text, including title, preface, introduction, in-text citations, quotations, footnotes and any other item not specifically excluded below.
- Exclude diagrams, tables (including tables/lists of contents and figures), equations, executive summary/abstract, acknowledgements, declaration, bibliography/list of references and appendices. However, it is not appropriate to use diagrams or tables merely as a way of circumventing the word limit. If a student uses a table or figure as a means of presenting his/her own words, then this is included in the word count.
Very occasionally it may be appropriate to present, in an appendix, material which does not properly belong in the main body of the assessment but which some students wish to provide for the sake of completeness. Any appendices will not have a role in the assessment – examiners are under no obligation to read appendices and they do not form part of the word count. Material that students wish to be assessed should always be included in the main body of the text.
MARKING GUIDELINES
Performance in the summative assessment for this module is judged against the following criteria:
- Relevance to question
- Organisation, structure and presentation
- Depth of understanding
- Analysis and discussion
- Use of sources and referencing，graphs，explanation，critical assessment
- Overall conclusions
Reference format: Harvard
Recommended and Essential Reading (The latter is marked ER)
Sloman, J., Hinde, K. and Garratt D., (2013), Economics for Business, 6th ed., Prentice Hall/Pearson, chapters 9, 10, 14 and 20 (section 5). (ER) http://library.dur.ac.uk/record=b2599816~S1
Besanko, D. et al., 2007. Economics of strategy 4th ed., Hoboken N.J. ;Chichester: Wiley. Chapters 14 and 15.
Douma S. & Schreuder H. (2008), Economic Approaches to Organisations, 4th Edition, Prentice Hall, Financial Times. Chapter 8
Friedman,
M. (1970) The social responsibility of business is to increase its
profits, New
York Times Magazine,
September 13. Available
at http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
(last
accessed 17th September 2013)
Kay, J. (2012) ‘A real market economy ensures that greed is good’, Financial Times, January 18. Available at John Kay’s website http://www.johnkay.com/2012/01/18/a-real-market-economy-ensures-that-greed-is-good (accessed 18th September 2012).
Kay, J. (1998) The Role of Business in Society. Available at http://www.johnkay.com/1998/02/03/the-role-of-business-in-society (accessed 17th September 2013).
Lipczynski J, Wilson J and Goddard J (2009), Industrial organization : competition, strategy, policy., Prentice-Hall, Financial Times, London. 3rd edition. Chapter 2.
Kitzmueller, M, and Shimshack. J. (2012). “Economic Perspectives on Corporate Social Responsibility.” Journal of Economic Literature, 50(1): 51–84. Available at http://www.aeaweb.org/articles.php?doi=10.1257/jel.50.1.51 (last accessed 17th September 2013)
Perlstein, S. (2013) How the cult of shareholder value wrecked American business, Washington Post, 9th September. (Available at http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/09/how-the-cult-of-shareholder-value-wrecked-american-business/ last accessed 17th September 2013)
Sloman, J., Hinde, K. and Garratt D., (2013), Economics for Business, 6th ed., Prentice Hall/Pearson, chapters 9, 10, 14 and 20 (section 5). (ER)
Stavins R, Reinhardt F & Vietor R (2008) Corporate Social Responsibility through an Economic Lens, John F Kennedy School of Government, Harvard University, Working Paper Number:RWP08-023. Available at http://www.nber.org/papers/w13989(accessed 17th September 2013).