Social response approach dalam penilaian financial business performance: perspektif shareholder wealth maximization model vs corporate wealth maximization model.

Wijaya, Liliana Inggrit (2002) Social response approach dalam penilaian financial business performance: perspektif shareholder wealth maximization model vs corporate wealth maximization model. Manajemen & Bisnis, 1 (2). pp. 105-115. ISSN 1412-3789

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Abstract

First step in effective management is to determine the goals and objectives that have to achieve. Through achievement the goals, we can measure the corporate and the manager performance as performance target. The ability to explaining achievement goals depending on business performance measurement with the purpose of economic performance that containing financial aspect in monetary squad to showing value from business activities. This concept called shareholder wealth maximization model (SWM) perspective. Its contrast is corporate wealth maximization model (CWM) perspective. The different is in principal goal that should be to maximize corporate wealth. CWM perspective is broader than SWM perspective because in CWM perspective, corporate wealth measured by financial and non-economic performance. The symmetry between financial business performance and non-economic performance become sustainability chain to long term survival. The implementation of non-economic performance in CWM is explained by involvement of exertion to shape business ethic and social responsibility programs. The social responsibility programs are social obligation, social reaction and social response. Corporate may achieve the highest degree of social responsibility by social response approach when it look at social responsibility as part of achievement of business goals to create economic value

Item Type:	Article
Uncontrolled Keywords:	Performance; Shareholders; Social responsibility; Business; Corporate wealth maximization model; non-economic performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Eko Setiawan 194014
Date Deposited:	20 Feb 2013 07:55
Last Modified:	24 Mar 2021 14:22
URI:	http://repository.ubaya.ac.id/id/eprint/3203

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