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Content archived on 2024-06-18

Towards A Behavioral Theory of Organizational Ownership: A Comparative Study in Shareholder Behavior

Objective

This Project aims to overcome inferential leaps from size of shareholdings to shareholder behavior by investigating shareholder attitudes towards ownership of the organization directly by means of a survey instrument specifically designed for this purpose. Ultimately, the goal is to go beyond legal conceptions and property rights and to devise a Behavioral Theory of Organizational Ownership better suitable to account for the diversity of interests, preferences, motives, investment strategies, and investment time horizons of various shareholder types. In the center of attention will be shareholders’ cognitive and emotional dispositions towards the organization as an entity and their identification as organizational owners. This is in opposition to previous theorizing which conceives of shareholders merely in terms of their role of capital providers holding only a restricted number of rights in the organization. Empirically, it shall be investigated to what extent shareholders’ cognitive and emotional dispositions towards ownership of the organization impact on corporate governance (e.g. monitoring and compensation) and strategic choice (e.g. R&D, innovation, diversification, corporate social responsibility). Most notably, since cultural and institutional environments are found to impact individuals’ cognitions and emotions, the study shall be conducted in three different corporate governance settings each representative of a particular type of system: Germany (network-oriented system), Hungary (transition economy), and USA (Anglo-Saxon system).

Fields of science (EuroSciVoc)

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Keywords

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Topic(s)

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Call for proposal

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FP7-PEOPLE-IEF-2008
See other projects for this call

Funding Scheme

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MC-IEF - Intra-European Fellowships (IEF)

Coordinator

LUDWIG-MAXIMILIANS-UNIVERSITAET MUENCHEN
EU contribution
€ 152 264,95
Address
GESCHWISTER SCHOLL PLATZ 1
80539 MUNCHEN
Germany

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Region
Bayern Oberbayern München, Kreisfreie Stadt
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

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