Collectivist beliefs may hold back Maori success

Friday, October 2nd, 2015

Collectivist beliefs may be holding back Maori economic success, three economists say.

The trio have found that Maori are much more collectivist and non-materialistic and have stronger kinship ties than other New Zealanders.

They say these values may explain why many Maori enterprises are built on a “stakeholder” model, where profits are shared with all members of an iwi rather than a few shareholders.

But they warn: “There are arguments that it comes at the expense of economic efficiency, since stakeholder firms no longer become focused on the singular goal of raising shareholder returns.” Continue reading

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News category: New Zealand, News Shorts.

Tags: capitalism

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