RT Article
T1 Corporate democracy and the rights of shareholders
JF Journal of business ethics
VO 7
IS 1
SP 99
OP 108
A1 Irvine, William
LA English
PB Springer Science + Business Media B. V
YR 1988
UL https://www.ixtheo.de/Record/1785597906
AB Some have argued that because of weaknesses in corporate democracy, there is widespread abuse of shareholders' rights in American securities markets. I describe a number of “horror stories” that shareholders might tell to support this claim. Then I argue that despite appearances to the contrary, there is not widespread abuse of shareholders' rights in American securities markets. This is because (i) corporations, when doing things that look abusive, are generally violating neither the legal rights nor the “charter” rights of shareholders and (ii) shareholders — in their role as shareholders — have no other rights than these.
K1 Widespread Abuse
K1 American Security
K1 Horror Story
K1 Security Market
K1 Economic Growth
DO 10.1007/BF00382003