Contests for Corporate Control
Subtitle: Corporate Governance and Economic Performance in the United States and Germany
Publisher: Oxford University Press, USA; Oxford University Press
Published: April 2000
Language: eng
Number of pages: 346
ISBN-13: 9780198293460
First sentence: Given the centrality of the process of innovation to the performance of dynamic economies, the types corporate governance that will promote economic performance can only be determined within a conceptual framework that integrates an analysis of the economics of innovation.
Description: "In this book, Mary O'Sullivan provides a critical analysis of the theoretical foundations for the shareholder value 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 of the twentieth century.

O'Sullivan explains the emergence and consequences of 'maximizing shareholder value' as a principle of corporate governance in the United States over the past two decades, and provides unique insights into the contests for corporate control that have unfolded in Germany over the past few years."--Jacket.