Contests for Corporate Control

Corporate Governance and Economic Performance in the United States and Germany
Erscheinungsjahr 2000
ISBN: 978-0-19-829346-0
Verlag: OUP Oxford

Buch, Englisch, 346 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 716 g

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 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.

Autoren/Hrsg.

O'Sullivan, Mary

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Literatur für Manager
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Mikroökonomie
• Geisteswissenschaften Philosophie Sozialphilosophie, Politische Philosophie
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensorganisation & Entwicklungsstrategien
• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Theorie, Politische Philosophie

Über Autor(innen)

Mary O'Sullivan is Assistant Professor at INSEAD, France. Previous positions have included Business Analyst at McKinsey and Company, Inc., London (198890), and Visiting Scholar, Institute of Social Science, University of Tokyo (July 1996).