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010 a| 2013371479;

020 a| 9789490947828 (hbk.);

020 a| 9490947822 (hbk.);

035 a| (WaSeSS)ssj0000885893;

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049 a| EREEa| NEHH;

050 00 a| K1315b| .M37 2013;

072 7 a| K2| lcco;

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100 1 a| Masouros, Pavlos E.?| UNAUTHORIZED;

245 10 a| Corporate law and economic stagnationh| [electronic resource] :b| how shareholder value and short-termism contribute to the decline of the Western economies /c| Pavlos E. Masouros.;

246 30 a| How shareholder value and short-termism contribute to the decline of the Western economies;

246 3 a| Progress stagnation;

260 a| The Hague, The Netherlands :b| Eleven International Publishing,c| [2013];

300 a| xxi, 342 pages :b| illustrations ;c| 25 cm.;

490 1 a| Dovenschmidt monographs ;v| 1;

500 a| "Progress stagnation"--Cover.;

504 a| Includes bibliographical references (pages 287-327) and index.;

505 0 a| Corporate governance and international political economy : how changes in the international monetary order brought about the great reversal in corporate governance and the great reversal in shareholdership -- Modeling short-term shareholdership's negative impact on the dynamics of capital accumulation : the post-Keynesian theory of the firm -- Corporate law's contribution to the great reversal in corporate governance -- Corporations and shareholder eugenics : how corporate law sustains the great reversal in shareholdership -- The path towards long governance.;

506 a| Available only to authorized users.;

520 8 a| The shift in the institutional logics of corporate governance towards shareholder value coupled with shareholdership's increasing short-termism have cumulatively contributed to the low GDP growth rates that are observed in five major Western economies (France, Germany, The Netherlands, UK, US) since the breakdown of the Bretton Woods system in the 1970s. This book presents - through empirical data and with the help of the post-Keynesian theory of the firm - a historical causality chain: The two Great Reversals led to higher equity payout ratios and lower retention ratios in public corporations that in turn caused lower growth rates of (business) capital accumulation that in turn caused lower GDP growth rates. Corporate law has been an accomplice for the reorientation of corporate governance towards shareholder value, i.e. for the Great Reversal in Corporate Governance, and thus it indirectly shares the blame for the low rates of capital accumulation that have thrown the five major Western economies in a stagnation mode over the past four decades.;

538 a| Mode of access: World Wide Web;

650 0 a| Corporation law.=| ^A23127;

650 0 a| Corporation lawx| Economic aspects.=| ^A23127;

650 0 a| Social responsibility of business.=| ^A285320;

650 0 a| Law and economics.=| ^A397064;

655 0 a| Electronic books.=| ^A491897;

830 0 a| Dovenschmidt monographs ;v| 1.?| UNAUTHORIZED;

856 40 z| Full text available from Ebook Central - Academic Completeu| https://ebookcentral.proquest.com/lib/eastcarolina/detail.action?docID=3015607;

947 a| (OCoLC)ocn824733878;

949 a| CLICK ON WEB ADDRESSw| ASISh| JOYNER188;

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999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 5503861-1001l| JNETm| JOYNERr| Ys| Yt| JNESSBKu| 10/16/2020x| EBOOKz| JERESOURCE;

999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 5503861-2001l| HSLELECm| HSLr| Ys| Yt| HEBKu| 10/16/2020x| EBOOKz| HERESOURCE;

999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 5503861-3001l| MNETm| JMUSICr| Ys| Yt| MNESSBKu| 10/16/2020x| EBOOKz| JERESOURCE;

Corporate law and economic stagnation how shareholder value and short-termism contribute to the decline of the Western economies / Pavlos E. Masouros.

Author/creator	Masouros, Pavlos E.
Format	Electronic
Publication Info	The Hague, The Netherlands : Eleven International Publishing, [2013]
Description	xxi, 342 pages : illustrations ; 25 cm.
Supplemental Content	Full text available from Ebook Central - Academic Complete
Subjects	Corporation law. Corporation law--Economic aspects. Social responsibility of business. Law and economics.

Portion of title	How shareholder value and short-termism contribute to the decline of the Western economies
Variant title	Progress stagnation
Series	Dovenschmidt monographs ; 1 Dovenschmidt monographs ; 1. UNAUTHORIZED
Contents	Corporate governance and international political economy : how changes in the international monetary order brought about the great reversal in corporate governance and the great reversal in shareholdership -- Modeling short-term shareholdership's negative impact on the dynamics of capital accumulation : the post-Keynesian theory of the firm -- Corporate law's contribution to the great reversal in corporate governance -- Corporations and shareholder eugenics : how corporate law sustains the great reversal in shareholdership -- The path towards long governance.
Summary	The shift in the institutional logics of corporate governance towards shareholder value coupled with shareholdership's increasing short-termism have cumulatively contributed to the low GDP growth rates that are observed in five major Western economies (France, Germany, The Netherlands, UK, US) since the breakdown of the Bretton Woods system in the 1970s. This book presents - through empirical data and with the help of the post-Keynesian theory of the firm - a historical causality chain: The two Great Reversals led to higher equity payout ratios and lower retention ratios in public corporations that in turn caused lower growth rates of (business) capital accumulation that in turn caused lower GDP growth rates. Corporate law has been an accomplice for the reorientation of corporate governance towards shareholder value, i.e. for the Great Reversal in Corporate Governance, and thus it indirectly shares the blame for the low rates of capital accumulation that have thrown the five major Western economies in a stagnation mode over the past four decades.
General note	"Progress stagnation"--Cover.
Bibliography note	Includes bibliographical references (pages 287-327) and index.
Access restriction	Available only to authorized users.
Technical details	Mode of access: World Wide Web
Genre/form	Electronic books.
LCCN	2013371479
ISBN	9789490947828 (hbk.)
ISBN	9490947822 (hbk.)

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Corporate law and economic stagnation how shareholder value and short-termism contribute to the decline of the Western economies / Pavlos E. Masouros.

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