The shareholder value myth : how putting shareholders first harms investors, corporations, and the public
Lynn A. Stout (Author)
In this radical debunking of pervasive myths about how corporations and investors behave, UCLA professor and legal celebrity Lynn Stout shows how--contrary to entrenched belief--"shareholder primacy" is not mandated by corporate law and actually harms shareholders themselves
1 online resource (vi, 134 pages)
9781605098166, 9781605098159, 9781280128196, 9786613532077, 1605098167, 1605098159, 1280128194, 661353207X
784885784
Introduction: "the dumbest idea in the world"
The rise of shareholder value thinking
How shareholder primacy gets corporate law wrong
How shareholder primacy gets corporate economics wrong
How shareholder primacy gets the empirical evidence wrong
Short-term speculators versus long-term investors
Keeping promises to build successful companies
Hedge funds versus universal investors
Making room for shareholder conscience
Conclusion: "slaves of some defunct economist."
English
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