Analyze the Following Statement: "Shareholder Ownership of Firms Is a Social

question 19

Essay

Analyze the following statement: "Shareholder ownership of firms is a social construction." What does this statement mean, and what are the implications for CSR?

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Definitions:

Latent Learning

Latent learning is the subconscious retention of information without reinforcement or immediate application, which becomes evident when a specific situation triggers it.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which in turn affects the likelihood of that behavior being repeated.

Law Of Effect

A principle in psychology that suggests behaviors followed by favorable consequences become more likely, whereas behaviors followed by unfavorable consequences become less likely.

Thorndike

American psychologist famous for his work on learning theory that led to the development of operant conditioning within behaviorism.