Reconstructing the corporation from shareholder primacy to shared governance
Modern corporations contribute to a wide range of contemporary problems, including income inequality, global warming, and the influence of money in politics. Their relentless pursuit of profits, though, is the natural outcome of the doctrine of shareholder primacy. As the consensus around this doctr...
| Main Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
Cambridge, United Kingdom ; New York, NY, USA
Cambridge University Press
2020
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| Subjects: | |
| Online Access: | |
| Collection: | Cambridge Books Online - Collection details see MPG.ReNa |
Table of Contents:
- Introduction
- Preference Aggregation in Political Institutions
- Preference Aggregation in Corporations
- The Corporation as Contract
- Shareholder Homogeneity
- The Argument from the Residual
- The Argument from Arrow's Theorem
- The Shareholder Franchise and Board Primacy
- A Firm-Based Approach to Corporate Voting Rights
- Democratic Participation and Shared Governance
- The German Codetermination Experience
- Conclusion