The Profit Motive

Defending Shareholder Value Maximization

AvStephen M. Bainbridge

Häftad, Engelska, 2023

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Beskrivning

What responsibility, if any, does a corporation have to society? How should corporations balance environmental, social, and governance factors? The Profit Motive addresses these questions of corporate purpose using historical, legal, and economic perspectives. Stephen M. Bainbridge enters the debate around corporate social responsibility to mount an unabashed defense of shareholder capitalism and maximizing shareholder value. The book offers context for the current questions about corporate purpose, and provides a reference going forward. Direct and corrective, The Profit Motive argues that shareholder value maximization is not only required by law, but what the law ought to require.

Produktinformation

Utgivningsdatum:2023-02-09
Mått:152 x 228 x 13 mm
Vikt:350 g
Format:Häftad
Språk:Engelska
Antal sidor:300
Förlag:Cambridge University Press
ISBN:9781009012157

Utforska kategorier

Affärsetik inom Ekonomi och Ledarskap
Handelsrätt inom Juridik
Affärsförhandlingar inom Ekonomi och Ledarskap

Mer om författaren

Stephen M. Bainbridge is the William D. Warren Distinguished Professor of Law at UCLA School of Law.

Recensioner i media

'The Profit Motive is both a brilliant defense of the principle at the heart of capitalist prosperity and a clinical demolition of 'stakeholder' theory. A true master of his craft, Bainbridge not only knows everything worth knowing about his subject but expresses it with vigor, grace and, a wry sense of humor. A must-read for anybody who wants to understand what makes corporations thrive--and how to preserve them from death by good intentions.' Adrian Wooldridge, Bloomberg Opinion

Innehållsförteckning

Introduction; Part I. The Law: 1. The Battle of River Rouge; 2. Fireplug Funding For Princeton; 3. Why Didn't the Cubs Have to Play Night Baseball? 4. Defending Dodge; 5. To Make Stakeholder Capitalism the Rule, You Would Have to Change Most of Corporate Law; 6. What About the Benefit Corporation? Part II. The Merits: 7. Possible Merits of the Business Roundtable's Embrace of Stakeholder Capitalism; 8. Was There a Business Case for the Business Roundtable's Embrace of Stakeholder Capitalism? 9. Why did the Business Roundtable CEOs Shift Their Position?10. Why the Business Roundtable CEOs Should Have Stayed the Course; Conclusion.