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Edward Elgar Publishing Corporate Governance Adrift: Shareholder Value Critique

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Description

This thought-provoking analysis by Michel Aglietta and Antoine Reberioux challenges the fundamental principle that companies must serve shareholders exclusively. Drawing on recent corporate governance scandals, the authors expose contradictions inherent in market-dominated capitalism, particularly in environments characterised by liquid markets, profit-focused investors and chronic financial instability. Rather than shareholder primacy, they advocate managing companies as institutions where all stakeholders develop shared objectives through democratic engagement. Published by Edward Elgar Publishing as part of the Cournot Centre series, this book offers a critical examination of governance frameworks and proposes alternative institutional approaches for sustainable business management in contemporary financial systems.

Key Features

Aglietta and Reberioux provide a rigorous critique of shareholder value maximisation as the sole governance objective.

The book addresses contradictions in modern capitalism driven by financial markets and investor priorities.

Corporate Governance Adrift advocates for stakeholder-inclusive institutional management and shared decision-making frameworks.

Published by Edward Elgar Publishing within the established Cournot Centre series on economic theory.

Relevant for professionals in accounting, finance, business law and corporate strategy seeking alternative governance perspectives.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
27 April 2005
Listed Since
10 December 2006

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