This review essay proposes an examination of recent management research contributions to the debate of the role of corporations in capitalist economies, focusing on (but not limited to) the recent books by Paul Adler (2019), Rebecca Henderson (2020), Sarah Kaplan (2019), and Subramanian Rangan (2018). These works identify common criticisms of capitalist systems related to an excessive corporate emphasis on economic value (i.e., shareholder primacy), their neglect of societal externalities, and their tendency toward increasing market concentration. They also eschew simplistic arguments based on the notion that companies can “do well by doing good,” which fail to recognize important trade-offs in decisions involving multiple stakeholder interests. The books, however, diverge in their solutions, ranging from suggestions to tackle these trade-offs with the incorporation of stakeholder interests to more profound changes in the structure of economic exchange. Building on the insights of these books and identifying some missing issues, I then suggest four avenues for future research: (a) the analysis of pro-social shareholder preferences, (b) a thorough analysis of comparative organizational forms, (c) the detailed assessment of the costs of organization, and (d) the reconceptualization of the notion of value creation toward a higher emphasis on social justice.

中文翻译：

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资本主义与管理研究：最坏的时代，最好的时代

这篇评论文章提议审查最近的管理研究对公司在资本主义经济中的作用的辩论的贡献，重点是（但不限于）保罗·阿德勒（2019 年）、丽贝卡·亨德森（2020 年）、莎拉·卡普兰（ 2019) 和 Subramanian Rangan (2018)。这些作品确定了对资本主义制度的普遍批评，这些批评与公司过度强调经济价值（即股东至上）、忽视社会外部性以及增加市场集中度的趋势有关。他们还避免了基于公司可以“做好事做好”这一概念的简单论点，这些论点未能认识到涉及多个利益相关者利益的决策中的重要权衡。然而，这些书的解决方案各不相同，从解决这些权衡的建议，将利益相关者的利益纳入其中，到经济交换结构的更深刻变化。基于这些书的见解并找出一些缺失的问题，我提出了未来研究的四个途径：(a) 对亲社会股东偏好的分析，(b) 对比较组织形式的彻底分析，(c)组织成本的评估，以及 (d) 价值创造概念的重新概念化，更加强调社会正义。