Prof. Don Lange from Arizona State University: How Shareholder Litigation Risk Influences Firm Orientation Toward Stakeholders


Prof. Don Lange

EO 256


This is an empirical study exploring the priorities of top managers in U.S. publicly held corporations, focusing on the shareholder primacy and stakeholder perspectives. My coauthors and I examine which of these perspectives is being enacted in practice. Our study looks at whether decreased shareholder litigation risk prompts a shift from shareholder-centric to broader stakeholder considerations. Additionally, we analyze how firm ownership and governance traits impact these managerial trends, and if self-serving motives play a role in the shift towards stakeholder approaches.