213 International Company and Commercial Law Review, Issue 6, 2014
17 Pages Posted: 29 Nov 2013 Last revised: 19 Apr 2014
Date Written: November 26, 2013
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.
Keywords: Shareholder Value; Corporate Governance; Global Financial Crisis; Apple; Corporate Finance Strategies
Suggested Citation: 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: https://ssrn.com/abstract=2360265 or http://dx.doi.org/10.2139/ssrn.2360265