osakkeenomistajakeskeisyydestä

Osakkeenomistajakeskeisyys, or shareholder primacy, is a corporate governance philosophy that holds that the primary objective of a company is to maximize shareholder value. This means that management's decisions should prioritize the financial interests of the owners of the company, the shareholders. The core idea is that shareholders are the ultimate owners and therefore their interests should come first.

This approach contrasts with other corporate governance models, such as stakeholder theory, which suggests that companies should consider the interests of a broader group of stakeholders, including employees, customers, suppliers, and the community, in addition to shareholders. Proponents of osakkeenomistajakeskeisyys argue that by focusing on shareholder returns, companies are incentivized to be efficient, innovative, and profitable, which ultimately benefits society through job creation and economic growth. They believe that this focus leads to better long-term performance and a more robust economy.

Critics, however, argue that an excessive focus on maximizing shareholder value can lead to negative consequences, such as prioritizing short-term profits over long-term sustainability, neglecting employee welfare, and engaging in environmentally damaging practices. They contend that this narrow focus can create ethical dilemmas and lead to a less equitable distribution of corporate gains. The debate over the optimal corporate governance model remains a significant topic in business and economic discussions.