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

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

17 Pages Posted: 29 Nov 2013 Last revised: 19 Apr 2014

Vincenzo Bavoso

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

Date Written: November 26, 2013

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.

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

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

Vincenzo Bavoso (Contact Author)

University of Manchester - School of Law ( email )

Oxford Road
Manchester M13 9PL, M139PL
United Kingdom

Durham University - Durham Law School ( email )

The Palatine Centre
Stockton road
Durham, DH1 3LE
United Kingdom

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