Kniha Contests for Corporate Control Mary O'Sullivan

Contests for Corporate Control

Corporate Governance and Economic Performance in the United States and Germany

Jazyk: Angličtina
Vazba: Pevná
Dostupnost: Skladem u dodavatele
Odesíláme za 10-18 dnů
4 098
During the 1990s, corporate governance became a hot issue in all of the advanced economies. For deca...

Informace o knize

Jazyk
Angličtina
Vazba
Kniha - Pevná
Vydáno
2000
Stránek
346
EAN
9780198293460
ISBN
0198293461
Enbook ID
04525175
Hmotnost
682
Rozměry
162 x 237 x 27

Kompletní popis

During the 1990s, corporate governance became a hot issue in all of the advanced economies. For decades, major business corporations had reinvested earnings and developed long-term relations with their labour forces as they expanded the scale and scope of their operations. As a result, these corporations had made themselves central to resource allocation and economic performance in the national economies in which they had evolved. Then, beginning in the 1980s and picking up momentum in the 1990s, came the contests for corporate control. Previously silent stockholders, now empowered by institutional investors, demanded that corporations be run to 'maximize shareholder value'. In this highly original book, Mary O'Sullivan provides a critical analysis of the theoretical foundations for this principle of corporate governance and for the alternative perspective that corporations should be run in the interests of 'stakeholders'. She embeds her arguments on the relation between corporate governance and economic performance in historical accounts of the dynamics of corporate growth in the United States and Germany over the course of the twentieth century. O'Sullivan explains the emergenceDSand consequencesDSof 'maximizing shareholder value' as a principle of corporate governance in the United States over the past two decades, and provides unique insights into the contests for corporate control that have unfolded in Germany over the past few years.

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