The corporate objective / Andrew Keay.

Format:

Book

Author/Creator:

Keay, Andrew.

Series:

Corporations, globalisation, and the law.

Corporations, globalisation, and the law

Language:

English

Subjects (All):

Corporate culture.

Corporations.

Corporate power.

Physical Description:

1 online resource (360 p.)

Place of Publication:

Northampton, Mass. : Edward Elgar Pub., 2011.

Language Note:

English

Summary:

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. The book goes on to develop a new theory, called the Entity Maximisation and Sustainability Model. Under this model, directors are to endeavour to increase the overall long-run market value of the corporation as an entity. At the same time as maximising wealth, directors have to ensure that the corporat

Contents:

Cover; Copyright; Contents; Preface; Table of cases; 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; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-283-13292-3

9786613132925

0-85793-312-4

OCLC:

731646739