Shareholder value maximization has been severely criticized in recent years, but it is not clear what, if anything, is to take its place. I review three models of corporate value creation - shareholder value, stakeholder value and company purpose achievement - and their implications for corporate governance.
|Publication date||27 Nov 2020|
|Place of Publication||Oxford|
|Publisher||Faculty of Law. University of Oxford|
|Publication status||Published - 27 Nov 2020|
- Corporate governance
- Shareholder value
- Value creation