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Questions about the shareholder value view of the firm

Author

Listed:
  • Olivier Weinstein

    (Centre d'Economie de l'Université de Paris Nord (CEPN))

Abstract

The corporation has been one of the major institutions of capitalism since the end of the 19th century. It was the central instrument in the industrial development of Western economies and then the rest of the world. Today more than ever, the characteristics and behaviour of corporations have considerable economic, social, environmental and even political consequences. The conditions under which these companies are managed, the objectives they pursue and the interests defended by their managers are therefore of prime importance.

Suggested Citation

  • Olivier Weinstein, 2013. "Questions about the shareholder value view of the firm," CEPN Policy Brief, Centre d'Economie de l'Université de Paris Nord, vol. 2, pages 1-4.
    • Handle: RePEc:upn:policy:2013-02:en
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    File URL: https://cepn.univ-paris13.fr/7633-2/
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    File URL: https://cepn.univ-paris13.fr/download-attachment/2016/
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    More about this item

    Keywords

    Firm Theory; shareholder value;

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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