000			02793nam a2200373 i 4500
001			CR9781316481325
003			UkCbUP
005			20240919183826.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			150609s2020||||enk o ||1 0|eng|d
020			_a9781316481325 (ebook)
020			_z9781107138322 (hardback)
020			_z9781316502914 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
043			_an-us---
050	0	0	_aKF1414 _b.H378 2020
082	0	0	_a346.73/066 _223
100	1		_aHayden, Grant M. _eauthor.
245	1	0	_aReconstructing the corporation : _bfrom shareholder primacy to shared governance / _cGrant M. Hayden, Matthew T. Bodie, Saint Louis University School of Law.
264		1	_aCambridge, United Kingdom ; New York, NY, USA : _bCambridge University Press, _c2020.
300			_a1 online resource (xiii, 274 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 22 Feb 2021).
505	0		_aIntroduction -- Preference Aggregation in Political Institutions -- Preference Aggregation in Corporations -- The Corporation as Contract -- Shareholder Homogeneity -- The Argument from the Residual -- The Argument from Arrow's Theorem -- The Shareholder Franchise and Board Primacy -- A Firm-Based Approach to Corporate Voting Rights -- Democratic Participation and Shared Governance -- The German Codetermination Experience -- Conclusion
520			_aModern 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.
650		0	_aCorporation law _zUnited States.
700	1		_aBodie, Matthew T. _eauthor.
776	0	8	_iPrint version: _z9781107138322
856	4	0	_uhttps://doi.org/10.1017/9781316481325
942			_2ddc _cEB
999			_c9576 _d9576