PL EN


2014 | XCI (91)/2 | 9-24
Article title

Nadzór korporacyjny wobec krytyki koncepcji shareholder value

Authors
Content
Title variants
EN
Corporate governance and the criticism of shareholder value
Languages of publication
PL
Abstracts
EN
The complexity of corporate governance and the need to consider a set of various economic, social, legal, historical and cultural determinants lead to the development of different research perspectives. Despite the multi-theme approaches the concept of shareholder value, the fundamental assumption of principal-agent theory, appeared to become the paradigm for research of the efficiency of corporate governance mechanisms and evolution and gave rise to many regulations or best practice. Corporate governance inefficiencies identified with the outbreak of the financial crisis cast doubt not only on the effectiveness of the shareholder value approach, but also on its economic and social argumentation. The current critic of this perspective may have impact on the corporate governance practice and regulation.
Year
Volume
Pages
9-24
Physical description
Dates
published
2014
Contributors
author
References
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  • Wartzman R., The long view: Why „maximizing shareholder value” is on its way out, Time: Business and Money, 25.09.2013, http://business.time.com/2013/09/25/the-long-view-why-maximizing-shareholder-value-is-on-its-way-out/; stan na dzień 20.02.2014 r.
Document Type
Publication order reference
Identifiers
ISSN
0081-6841
YADDA identifier
bwmeta1.element.desklight-b350a9f5-af3e-4698-b4f3-a17c45b1c43f
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