Corporate democracy and the rights of shareholders

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...

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Главный автор: Irvine, William (Автор)
Формат: Электронный ресурс Статья
Язык:Английский
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Опубликовано: Springer Science + Business Media B. V 1988
В: Journal of business ethics
Год: 1988, Том: 7, Выпуск: 1, Страницы: 99-108
Другие ключевые слова:B American Security
B Horror Story
B Security Market
B Economic Growth
B Widespread Abuse
Online-ссылка: Volltext (lizenzpflichtig)
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Итог: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.
ISSN:1573-0697
Второстепенные работы:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00382003