The Corporate Objective (Corporations, Globalisation and the Law Series)
| Author | : | |
| Rating | : | 4.18 (655 Votes) |
| Asin | : | 184844771X |
| Format Type | : | paperback |
| Number of Pages | : | 360 Pages |
| Publish Date | : | 2017-01-16 |
| Language | : | English |
DESCRIPTION:
"Moves the debate well forward of where we stand today" according to JamesMcRitchie. Although large public companies dominate the world, there is no unanimity as to their objective. Andrew Keay tackles this very important topic with skill and in considerable depth. First, he examines the two most dominant theories, shareholder primacy and stakeholder theory. Unsurprisingly, he finds them falling short and goes on to propose the inelegant but well thought out "Entity Maximisation and Sustainability Model."Under his EMS model, directors are
Andrew Keay, Professor of Corporate and Commercial Law, Centre for Business Law and Practice, University of Leeds, UK
Analyzing in depth the existing theories which seek to explain the corporate objective, this book will appeal to academics in corporate law and corporate governance as well as law, finance, business ethics, organizational behavior, management, economics, accounting and sociology. This book, characterised by admirable analytical clarity and a huge amount of research, faithfully summarises the debate hitherto, and propels us to the next stage with a powerful argument, which challenges, effectively, both the stakeholder and shareholder theories.' -Harry Rajak, University of Sussex School of Law, UK The Corporate Objective addresses a question that has been subject to much debate: what should be the objective of public corporations? It examines the two dominant theories that
Professor Keay takes the debate on the object of the modern public corporation by the scruff of its neck and skilfully navigates between the Scylla and Charybdis of the shareholder/stakeholder debate. This is legal scholarship of the finest kind, concerned with an issue of supreme political, economic and social importance. This book, characterised by admirable analytical clarity and a huge amount of research, faithfully summarises the debate hitherto, and propels us to the next stage with a powerful argument, which challenges, effectively, both the stakeholder and shareholder theories. --- Harry Rajak, University of Sussex School of Law, UK