Employee Treatment and Contracting with Bank Lenders: An Instrumental Approach for Stakeholder Management
Bill Francis, Iftekhar Hasan, Liuling Liu, Haizhi Wang
Journal of Business Ethics · 2019 · Volume 158 · Issue 4
DOI: 10.1007/s10551-017-3722-0
Abstract
Our responsibility as a corporation goes far beyond protecting our customers’ assets and helping them succeed financially. We’re responsible for promoting the long-term economic prosperity and quality of life for everyone in our communities. If they prosper, so do we. There’s never been a thriving bank in a struggling community.—John Stumpf, chairman, president, and CEO, Wells Fargo.
Keywords
Employee treatment, Stakeholder management, Instrumental approach, Cost of bank loans, Loan covenants
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