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Myths about Shareholder Value

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  • Stevelman Faith

    (New York Law School, New York, NY, USA)

Abstract

The concept of unitary “shareholder value” and its reflection in near-term stock prices formed the centrepiece of contemporary corporate governance up to the 2008 financial crisis. The crisis has elicited both more critical and clearer, book-length accounts of the relationship of law, corporate governance and finance. The concepts analysed in Lynn Stout’s The Shareholder Value Myth are considered herein, as part of a commentary on the continuing evolution of academic corporate law and governance.

Suggested Citation

  • Stevelman Faith, 2013. "Myths about Shareholder Value," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(1), pages 1-14, January.
    • Handle: RePEc:bpj:aelcon:v:3:y:2013:i:1:p:1-14:n:1
    DOI: 10.1515/ael-2013-0005
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    References listed on IDEAS

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