English
- إرجاع مجاني بسهولة
- أفضل عروض
المواصفات
| الناشر | Oxford University Press, USA |
| رقم الكتاب المعياري الدولي 13 | 9780199244867 |
| اللغة | الإنجليزية |
| العنوان الفرعي للكتاب | Corporate Governance And Economic Performance In The United States And Germany |
| وصف الكتاب | During the 1990s, corporate governance became a hot issue in all of the advanced economies. For decades, major business corporations had reinvested earnings and developed long-term relations with their labour forces as they expanded the scale and scope of their operations. As a result, these corporations had made themselves central to resource allocation and economic performance in the national economies in which they had evolved. Then, beginning in the 1980s and picking up momentum in the 1990s, came the contests for corporate control. Previously silent stockholders, now empowered by institutional investors, demanded that corporations be run to 'maximize shareholder value'. In the United States many, if not most, top corporate executives have now embraced this ideology. In this highly original book, Mary O'Sullivan provides a critical analysis of the theoretical foundations for the shareholder value principle of corporate governance and for the alternative perspective that corporations should be run in the interests of 'stakeholders'. She embeds her arguments on the relation between corporate governance and economic performance in historical accounts of the dynamics of corporate growth in the United States and Germany over the course of the twentieth century. O'Sullivan explains the emergence and consequences of 'maximizing shareholder value' as a principle of corporate governance in the United States over the past two decades, and provides unique insights into the contests for corporate control that have unfolded in Germany over the past few years. |
| المراجعة التحريرية | Mary O'Sullivan's fine work brings Corporate Governance into the main stream of business scholarship. Through a combination of exquisite scholarship and independent analysis, she has created an indispensable starting point for all those interested in these subjects. It is the best single source on the subject. * Robert A. G. Monks, Joint Deputy Chairman of Hermes LENS Asset Management Company; President of Henley Management College's Center for Board Effectiveness * This is an important book. At a time when "stockholder value" has such wide acceptance, it is important to stand back and look at its logic and implications from a broader perspective. This is what Mary O'Sullivan does. * John Reed, former co-Chairman of Citigroup; former Chairman of Citicorp * A wonderful convergence of the "who whom" and the "who gets what" perspective with the nitty-gritty question of how firms innovate to compete. An eminently readable book for anyone who wants to understand what the debates on corporate governance are really about, and why they take such a different shape in Germany and the US. * Ronald Dore, London School of Economics and INSEAD * This book, based on detailed historical research in both countries, represents a powerful challenge to current orthodoxy. It also has the great merit of focusing attention on questions that really matter. . . . [Mary O'Sullivan's] answers should give admirers of American capitalism pause for thought. * Geoffrey Owen, FT, 13/06/00 * |
| عن المؤلف | Mary A. O'Sullivan is an Assistant Professor of Strategy and Management at INSEAD, France. She received her undergraduate degree in 1988 from University College Dublin and then worked at McKinsey and Company, Inc. in London. She subsequently received an MBA from Harvard Business School and a Ph.D. in Business Economics from Harvard University. O'Sullivan has been a Visiting Scholar at the University of Tokyo and she is a Research Associate at both the STEP Group in Oslo and the Levy Institute in New York. She is currently co-directing a project funded by the European Commission on 'Corporate Governance, Innovation, and Economic Performance'. |
| تاريخ النشر | 37133 |
| عدد الصفحات | 346 |
Contests For Corporate Control paperback english - 37133
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