Abstract

http://ssrn.com/abstract=2360265
 


 



The Global Financial Crisis, the Pervasive Resilience of Shareholder Value, and the Unfulfilled Promises of Anglo-American Corporate Law


Vincenzo Bavoso


Durham University - Durham Law School; University of Manchester - School of Law

November 26, 2013

213 International Company and Commercial Law Review, Issue 6, 2014

Abstract:     
The paper provides a review of the theoretical, normative and judicial base of the shareholder value paradigm in order to assess its ultimate justification both in the UK and the US. It further critically reflects on the extent to which shareholder value has shaped the direction of corporate strategies in a mono-dimensional way beyond having failed to provide sound mechanisms of control in large public firms.

Number of Pages in PDF File: 17

Keywords: Shareholder Value; Corporate Governance; Global Financial Crisis; Apple; Corporate Finance Strategies

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Date posted: November 29, 2013 ; Last revised: April 19, 2014

Suggested Citation

Bavoso, Vincenzo, The Global Financial Crisis, the Pervasive Resilience of Shareholder Value, and the Unfulfilled Promises of Anglo-American Corporate Law (November 26, 2013). 213 International Company and Commercial Law Review, Issue 6, 2014 . Available at SSRN: http://ssrn.com/abstract=2360265 or http://dx.doi.org/10.2139/ssrn.2360265

Contact Information

Vincenzo Bavoso (Contact Author)
Durham University - Durham Law School ( email )
The Palatine Centre
Stockton road
Durham, DH1 3LE
United Kingdom
University of Manchester - School of Law ( email )
Manchester M13 9PL
United Kingdom
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