Автор: Stout Lynn Название: The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Large Print 16pt) ISBN: 1459638697 ISBN-13(EAN): 9781459638693 Издательство: Неизвестно Цена: 33090.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Proves that shareholder primacy has no basis in law or economics and does not deliver better bottom - line results. Suggests better ways to think about shareholders and their relationship to corporations Written by one of America's most distinguished legal scholars, Executives, investors, and the business press routinely chant the mantra that corporations are required to ''maximize shareholder value.'' The results have been disastrous. ''Shareholder primacy'' thinking causes corporate managers to focus myopically on short - term earnings reports at the expense of long - term performance; discourages investment and innovation; harms employees, customers, and communities; and causes companies to indulge in reckless, sociopathic, and socially irresponsible behaviors. It's the kind of thinking that led directly to the recent worldwide economic collapse. Jack Welch, once a shareholder primacy true believer, has famously called it ''the dumbest idea in the world.'' Lynn Stout proves that there is in fact no legal obligation for corporations to maximize shareholder value - scholars, lawyers, and corporate officers just assumed there was. Nor, she demonstrates, is maximizing shareholder value the optimal economic model - that's just another unproven assumption, one that is conceptually muddled and, Stout shows, unsupported by the actual evidence on what drives good corporate performance. As if this wasn't enough, Stout also shows how shareholder primacy actually hurts individual investors by obscuring their real, diverse, human interests in the name of serving a hypothetical, homogeneous, abstract, and conscienceless shareholder. Stout looks at new theories that better serve the needs not only of actual human beings who invest but of corporations and society as well. ''Calm, careful, plainspoken, and relentless argumentation that peels away the distracting layers of abstract mumbo jumbo to expose the lunacy of the underlying theory for all to see. Lynn Stout does the world a great favor in exposing shareholder value theory for what it is: flawed and damaging.'' - Roger Martin, Dean, Rotman School of Management, University of Toronto, and author of Fixing the Game.
Автор: Rho Название: Shareholder Activism ISBN: 140399160X ISBN-13(EAN): 9781403991607 Издательство: Springer Рейтинг: Цена: 107130.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Shareholder activism in Korea, led by a civil society organization, has been commended by Western economists. How could activism led by such an organization grow and thrive to become the success story of corporate governance reform in developing countries? This book examines this phenomenon using social movement theory to explain.
Institutional shareholder participation has long been considered as vital to good corporate governance yet its potential does not seem to have been realized. The recent banking crisis exposed the passivity of some institutional shareholders, many of whom appear to have chosen to sell their stakes in the banks rather than intervene or challenge the board when they realized the strategies followed by the banks were excessively risky. Institutional shareholders' role to scrutinize and monitor the decisions of boards and executive management in the banking sector in the UK is considered by many to be a failure, resulting in the phenomenon of 'ownerless corporations', as described by Lord Myners. In China, despite the fast rising of institutional investment in the securities market, institutional shareholders have not yet played a contributory role in monitoring corporate managers in listed companies.
Drawing on empirical evidence this book seeks to systematically analyses institutional shareholders' incentives to activism to explain when and why shareholder activism will occur. The book puts forward a model which explains the factors that determine institutional shareholders' propensity for activism. The model both elaborates the collective benefits of activism as a means of achieving managerial accountability asks whether and when shareholder activism is rational for any individual shareholder. The book then goes to on to apply these finding to both the UK and China in order to explain the varying levels of shareholder activism in each jurisdiction. The book is the first to take an in-depth look at institutional share-holder activism in China providing prescriptions to promote greater shareholder engagement and exploring the potential it holds for improving corporate governance in the region.
Автор: Hartmann, Marion D. Название: Shareholder activism ISBN: 3631642938 ISBN-13(EAN): 9783631642931 Издательство: Peter Lang Рейтинг: Цена: 107240.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book analyses and compares the benefits and drawbacks of shareholder activism in corporations under US American and German law, applying means of new institutional economics. The analysis concentrates on three fields of action of active shareholders in targeted corporations: nominations and elections, transaction decisions and financial decisions. The author evaluates and compares the effectiveness of the means which active shareholders use and of the limitations they face. She concludes that shareholder activism has benefits and drawbacks. Both require legal actions under the two jurisdictions, such as stronger nomination and election rights under US American law and more effective disclosure obligations under German law.
Автор: Nils Krause Название: Shareholder Activism: A Practitioner`s Handbook ISBN: 3111756025 ISBN-13(EAN): 9783111756028 Издательство: Walter de Gruyter Цена: 185890.00 T Наличие на складе: Невозможна поставка. Описание: In recent years shareholder activism has increased, becoming a more mainstream way of pressuring companies to effect certain changes to maximize shareholder value. The current economic market and the resulting scrutiny surrounding management's ability to effectively lead a company have resulted in an increasing awareness of corporate governance issues. As more activists make their agendas publicy known, management and corporate advisors, as well as shareholders, are becoming better equipped to handle such challenges.
Автор: Solak, Ekrem Название: Shareholder Activism and the Law ISBN: 0367344637 ISBN-13(EAN): 9780367344634 Издательство: Taylor&Francis Рейтинг: Цена: 148010.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book provides a complete framework for contemporary shareholder activism and its implications over US corporate governance, which is based on the director primacy theory.
Автор: Posi Olatubosun, Jill Atkins Название: Shareholder Activism in the UK ISBN: 3110646579 ISBN-13(EAN): 9783110646573 Издательство: Walter de Gruyter Рейтинг: Цена: 107790.00 T Наличие на складе: Невозможна поставка. Описание: De Gruyter Studies in Corporate Governance edited by Professor Jill Atkins, Sheffield University Management School De Gruyter Studies in Corporate Governance is a new, original and timely series of research monographs that will explore important and emergent issues in corporate governance across the world in both developed and developing economies. This new series aims to: • Analyse the roots of corporate governance failure arising from weaknesses in governance mechanisms such as the board of directors, the audit and accounting functions, internal control and risk management, shareholder activism and stakeholder engagement • Address corporate governance effectiveness within a wide range of sectors including listed companies, the public sector, the charity and voluntary sectors. • Draw together research from a wide variety of methodological approaches, including quantitative and positivist research as well as qualitative research including interviewing, case studies and surveys. • Provide coverage of social, environmental and sustainability issues in governance practice, integrating growing risks relating to climate change and ecology into corporate governance analyses. • Explore corporate governance issues through a variety of theoretical lenses including: resource dependency theory, agency theory, stakeholder theoretic perspectives and sociological paradigms such as theories of risk and social science theories. • Address corporate governance in an interdisciplinary manner, bringing together factors and influences from finance, management, sociology and other relevant disciplinary traditions. Call for proposals We are looking for interesting and innovative proposals for monographs which might, for example: • Explore the evolution of corporate governance in MENA countries. • Analyse the relevance of ecological and biodiversity issues to corporate governance. • Evaluate the contribution of Integrated Reporting to corporate governance effectiveness. • Investigate corporate governance and accountability in African countries. • Research the growth of responsible investment in Asia, Africa or Latin America. • Investigate corporate governance challenges in the charity and voluntary sectors. • Incorporate the Sustainable Development Goals (SDGs) into corporate governance frameworks. • Provide longitudinal studies of executive remuneration and corporate performance. Series Editor: If you are interested in submitting a proposal or have any questions, please contact the Series Editor: Professor Jill Atkins Sheffield University Management School, UK email: j.f.atkins@sheffield.ac.uk
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