Should the modern corporation maximize shareholder value?

R. Glenn Hubbard and Sanjai Bhagat
Additional contact information
R. Glenn Hubbard: American Enterprise Institute

AEI Economic Perspectives, 2020

Abstract: Milton Friedman's admonition 50 years ago that the modern corporation should maximize shareholder value remains controversial. We argue that under certain broad assumptions, the admonition remains a good place to start.

Keywords: AEI Economic Perspectives; Corporations; Milton Friedman (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.aei.org/wp-content/uploads/2020/09/Sho ... der-Value.pdf?x91208 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aei:journl:y:2020:id:1008578216

Access Statistics for this article

More articles in AEI Economic Perspectives from American Enterprise Institute Contact information at EDIRC.
Bibliographic data for series maintained by Dave Adams, CIO ().