In recent years, few debates have been as prominent in finance as the apparent tension between shareholder value and stakeholder capitalism. In Grow the Pie, Alex Edmans offers a compelling and largely convincing resolution: companies can create greater longterm profits precisely by serving employees, customers, suppliers, communities, and shareholders well. Rather than treating stakeholder interests as a constraint on profitability, Edmans argues that purposeful business can expand the total value created, the “pie”, from which all stakeholders ultimately benefit.
in VBA Journaal door Book by Alex Edmans, Review by Maarten Smit