CONTESTS FOR CORPORATE CONTROL by Mary O'Sullivan ( 9780198293460 )

Item Details

Title:

CONTESTS FOR CORPORATE CONTROL
CORPORATE GOVERNANCE AND ECONOMIC PERFORMANCE IN THE UNITED STATES AND GERMANY

By:

Mary O'Sullivan

Format:

Hardback

List price:

£135.00

Our price:

£118.13

Discount:

12.5% off

You save:

£16.87

ISBN 10:

0198293461

ISBN 13:

9780198293460

Availability:

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Stock:

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Publisher:

OXFORD UNIVERSITY PRESS

Pub. date:

1 January, 2000

Pages:

346

Description:

A challenging and informed examination of the links between the general business environment and the operations, decisions, and organizations of firms. O'Sullivan explores the links between the two 'hot' issues-corporate governance and innovation-.

Synopsis:

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.

Illustrations:

8 black and white figures

Publication:

Imprint:

Oxford University Press

Returns:

Returnable

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