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Reconstructing the Corporation

Reconstructing the Corporation

From Shareholder Primacy to Shared Governance

Matthew T. Bodie, Grant M. Hayden

Cambridge University Press
Publication date : 2021-03-11

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Modern corporations contribute to a wide range of contemporary problems, including income inequality, global warming, and the influence of money in politics. Their relentless pursuit of profits, though, is the natural outcome of the doctrine of shareholder primacy. As the consensus around this doctrine crumbles, it has become increasingly clear that the prerogatives of corporate governance have been improperly limited to shareholders. It is time to examine shareholder primacy and its attendant governance features anew, and reorient the literature around the basic purpose of corporations. This book critically examines the current state of corporate governance law and provides decisive rebuttals to longstanding arguments for the exclusive shareholder franchise. Reconstructing the Corporation presents a new model of corporate governance - one that builds on the theory of the firm as well as a novel theory of democratic participation - to support the extension of the corporate franchise to employees.

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About the book

Author

Matthew T. Bodie , Grant M. Hayden

Imprint

Cambridge University Press

Collection

n.c

Publication date

2021-03-11

Pages

n.c

Print ISBN

9781107138322

Language

English

Ebook informations

EAN PDF

9781108916806

Price

£32.70

Copy count 0

Print count 0

File size 3185 Ko

Informations accessibility

EAN EPUB

9781108916196

Price

£32.70

Copy count 0

Print count 0

File size 2888 Ko

Informations accessibility

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About author(s)

Matthew T. Bodie

Grant M. Hayden

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