Coverart for item
The Resource Corporate law and economic stagnation : how shareholder value and short-termism contribute to the decline of the Western economies, Pavlos E. Masouros

Corporate law and economic stagnation : how shareholder value and short-termism contribute to the decline of the Western economies, Pavlos E. Masouros

Label
Corporate law and economic stagnation : how shareholder value and short-termism contribute to the decline of the Western economies
Title
Corporate law and economic stagnation
Title remainder
how shareholder value and short-termism contribute to the decline of the Western economies
Statement of responsibility
Pavlos E. Masouros
Title variation
  • How shareholder value and short-termism contribute to the decline of the Western economies
  • Progress stagnation
Creator
Author
Subject
Language
eng
Summary
The shift in the institutional logics of corporate governance towards shareholder value coupled with shareholdership's increasing short-termism have cumulatively contributed to the low GDP growth rates that are observed in five major Western economies (France, Germany, The Netherlands, UK, US) since the breakdown of the Bretton Woods system in the 1970s. This book presents - through empirical data and with the help of the post-Keynesian theory of the firm - a historical causality chain: The two Great Reversals led to higher equity payout ratios and lower retention ratios in public corporations that in turn caused lower growth rates of (business) capital accumulation that in turn caused lower GDP growth rates. Corporate law has been an accomplice for the reorientation of corporate governance towards shareholder value, i.e. for the Great Reversal in Corporate Governance, and thus it indirectly shares the blame for the low rates of capital accumulation that have thrown the five major Western economies in a stagnation mode over the past four decades
Member of
Cataloging source
YDXCP
http://library.link/vocab/creatorName
Masouros, Pavlos E
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Dovenschmidt monographs
Series volume
1
http://library.link/vocab/subjectName
  • Corporation law
  • Corporation law
  • Social responsibility of business
  • Law and economics
Label
Corporate law and economic stagnation : how shareholder value and short-termism contribute to the decline of the Western economies, Pavlos E. Masouros
Instantiates
Publication
Distribution
Copyright
Note
"Progress stagnation"--Cover
Bibliography note
Includes bibliographical references (pages 287-327) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
25 cm.
Extent
xxi, 342 pages
Isbn
9789490947828
Isbn Type
(hbk.)
Lccn
2013371479
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)824733878
Label
Corporate law and economic stagnation : how shareholder value and short-termism contribute to the decline of the Western economies, Pavlos E. Masouros
Publication
Distribution
Copyright
Note
"Progress stagnation"--Cover
Bibliography note
Includes bibliographical references (pages 287-327) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
25 cm.
Extent
xxi, 342 pages
Isbn
9789490947828
Isbn Type
(hbk.)
Lccn
2013371479
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)824733878

Library Locations

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      3400 Chestnut Street, Philadelphia, Pennsylvania, 19104, US
      39.954941 -75.193362
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