Corporations, globalisation, and the law. Elgaronline.
The Corporate Objective addresses a question that has been subject to much debate: what should be the objective of public corporations? It examines the two dominant theories that address this issue, the shareholder primacy and stakeholder theories, and finds that both have serious shortcomings.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
1. Public companies : context, theory and objectives 2. Shareholder primacy 3. Stakeholder theory 4. An entity maximisation and sustainability model 5. The enforcement of the entity maximisation and sustainability model 6. Investors 7. Managerial discretion and accountability 8. Allocation of profits 9. Epilogue.