{"product_id":"contests-for-corporate-control","title":"Contests for Corporate Control","description":"\u003cp\u003eDuring the 1990s, corporate governance became a hot issue in all of the advanced economies. For decades, major business corporations had reinvested earnings and developed long-term relations with their labour forces as they expanded the scale and scope of their operations. As a result, these corporations had made themselves central to resource allocation and economic performance in the national economies in which they had evolved. Then, beginning in the 1980s and\n\u003cbr\u003epicking up momentum in the 1990s, came the contests for corporate control. Previously silent stockholders, now empowered by institutional investors, demanded that corporations be run to 'maximize\n\u003cbr\u003eshareholder value'. In this highly original book, Mary O'Sullivan provides a critical analysis of the theoretical foundations for this principle of corporate governance and for the alternative perspective that corporations should be run in the interests of 'stakeholders'. She embeds her arguments on the relation between corporate governance and economic performance in historical accounts of the dynamics of corporate growth in the United States and Germany over the course\n\u003cbr\u003eof the twentieth century. O'Sullivan explains the emergenceDSand consequencesDSof 'maximizing shareholder value' as a principle of corporate governance in the United States over the past two decades, and\n\u003cbr\u003eprovides unique insights into the contests for corporate control that have unfolded in Germany over the past few years.\u003c\/p\u003e","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":43972398186734,"sku":"9780198293460","price":277.61,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/Contests-for-Corporate-Control-Book-Land-AU-575.jpg?v=1679652498","url":"https:\/\/bookland.com.au\/products\/contests-for-corporate-control","provider":"Book Land AU","version":"1.0","type":"link"}