Contests for Corporate Control: Corporate Governance and Economic Performance in the United States and Germany - Softcover

O'Sullivan, Mary

Softcover

ISBN 10: 0199244863 ISBN 13: 9780199244867

Verlag: Oxford University Press, 2001

Inhaltsangabe

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 the United States many, if not most, top corporate executives have now embraced this ideology.

In this highly original book, Mary O'Sullivan provides a critical analysis of the theoretical foundations for the shareholder value 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 emergence and consequences of '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.

Über diesen Titel

Über die Autorin bzw. den Autor

Mary has a Master's degree from the University of Toronto in Applied Psychology. She has worked in school boards as a psychometrist and spent thirteen years as a case worker for families supporting intellectually challenged members. For the past nineteen years, Mary has been supporting "Chris," learning about PTSD, and drafting the memoirs of this journey. The families Mary has worked with are her heroes and role models, and without their examples the events in "Lazarus Heart" would not have happened.

Details zur Ausgabe

• Verlag: Oxford University Press
• Erscheinungsdatum: 2001
• Sprache: Englisch
• ISBN 10: 0199244863
• ISBN 13: 9780199244867
• Einband: Taschenbuch
• Anzahl der Seiten: 352
• Kontakt zum Hersteller: preigu GmbH & Co. KG; mail@preigu.de; ; Lengericher Landstr. 19; Osnabrück; Niedersachsen; 49078; Deutschland