The Shareholder Value Myth
European Financial Review, April-May 2013
9 Pages Posted: 11 Jun 2013
Date Written: April 1, 2013
Shareholder primacy theory is suffering a crisis of confidence. In The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public, Lynn Stout discusses how the traditional managerial focus on the shareholder’s interest can be harmful for the corporation and even for shareholders themselves and how it is more valuable to spread the focus over several objectives.
Keywords: Shareholder, confidence, value, corporation
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