The profit motive : defending shareholder value maximization / Stephen M. Bainbridge, University of California, Los Angeles.

Format:

Book

Author/Creator:

Bainbridge, Stephen M., author.

Language:

English

Subjects (All):

Corporation law--United States--Philosophy.

Corporation law.

Stockholder wealth--United States--Philosophy.

Stockholder wealth.

Physical Description:

1 online resource (xv, 223 pages) : digital, PDF file(s).

Place of Publication:

Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2023.

Summary:

What responsibility, if any, does a corporation have to society? How should corporations balance environmental, social, and governance factors? The Profit Motive addresses these questions of corporate purpose using historical, legal, and economic perspectives. Stephen M. Bainbridge enters the debate around corporate social responsibility to mount an unabashed defense of shareholder capitalism and maximizing shareholder value. The book offers context for the current questions about corporate purpose, and provides a reference going forward. Direct and corrective, The Profit Motive argues that shareholder value maximization is not only required by law, but what the law ought to require.

Contents:

Introduction

The Battle of River Rouge

Fireplug Funding for Princeton

Why didn't the cubs have to play night baseball?

Defending dodge

To make stakeholder capitalism the rule, you would have to change most of corporate law

What about the benefit corporation?

Possible merits of the business roundtable's embrace of stakeholder capitalism

Was there a business case for the business roundtable's embrace of stakeholder capitalism?

Why did the business roundtable CEOs shift their position?

Why the business roundtable CEOs should have stayed the course

Conclusion.

Notes:

Title from publisher's bibliographic system (viewed on 02 Feb 2023).

Other Format:

Print version:

ISBN:

9781009025799 (ebook)

Access Restriction:

Restricted for use by site license.