Shareholder value becomes law

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Chapter 4 in Beyond Shareholder Value, 2021, pp 104-133 from Edward Elgar Publishing

Abstract: The chapter traces the recognition of shareholder value in Delaware and Canada, as the corporate goal in law. The development has serious implications. It pays scant attention to the corporate enterprise and relegates non-shareholder interests to relative irrelevance. Pointing out the cursory manner in which judicial recognition of shareholder value occurred, the chapter explains the problems with the common law method of legal development in dealing with complex issues such as the normative character of business corporations and their purpose.

Keywords: Business and Management; Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2021
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