Myths about Shareholder Value

Stevelman Faith ()
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Stevelman Faith: New York Law School, New York, NY, USA

Accounting, Economics, and Law: A Convivium, 2013, vol. 3, issue 1, 1-14

Abstract: Abstract: The concept of unitary “shareholder value” and its reflection in near-term stock prices formed the centrepiece of contemporary corporate governance up to the 2008 financial crisis. The crisis has elicited both more critical and clearer, book-length accounts of the relationship of law, corporate governance and finance. The concepts analysed in Lynn Stout’s The Shareholder Value Myth are considered herein, as part of a commentary on the continuing evolution of academic corporate law and governance.

Keywords: financial crisis; corporate law; governance (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1515/ael-2013-0005

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