Contests for Corporate Control. Corporate Governance and Economic Performance in the United States and Germany
Опубликовано на портале: 22-12-2006
Oxford: Oxford University Press, 2001, 346 с.
Тематические разделы:
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.
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Introduction
Chapter 1: Innovation, Resource Allocation, and Governance
Chapter 2: Transforming the Debates on Corporate Governance
Chapter 3: The Foundations of Managerial Control in the United States
Chapter 4: The Post-War Evolution of Managerial Control in the United States
Chapter 5: Challenges to Post-War Managerial Control in the US
Chapter 6: US Corporate Responses to New Challenges
Chapter 7: From Managerial to Contested Control in Germany
Chapter 8: The Emerging Challenges to Organizational Control in Germany
Conclusion
Ключевые слова
См. также:
Вопросы экономики и права.
2011.
№ 1.
С. 117-120.
[Статья]
Socio-Economic Review.
2007.
Vol. 5.
No. 3.
P. 527-567.
[Статья]
Review of International Political Economy.
1998.
Vol. 5.
No. 3.
P. 445-481 .
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[Интернет-ресурс]