Investor Engagement: Investors and Management Practice under Shareholder Value (Hardback)
  • Investor Engagement: Investors and Management Practice under Shareholder Value (Hardback)
zoom

Investor Engagement: Investors and Management Practice under Shareholder Value (Hardback)

(author), (author), (author)
£99.00
Hardback 238 Pages / Published: 05/07/2007
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket
The growth of shareholder value has been a major change in Western economies since the 1980s. This growth has reignited debates concerning relations between investors and managers. This book argues that investors are more than passive providers of finance, on whose behalf managers seek to maximize shareholder returns. Instead, many investors directly influence management practice, through investor engagement. The book examines the role of institutional investors and private equity firms, two types of investors with overlapping but different reasons for engagement. Questions addressed include: What are the incentives, and disincentives, for investment engagement? How is investor engagement organized? What areas of management practice are of particular concern to investors? The discussion shows in detail how private equity firms play a major role in developing new companies, beyond the provision of finance, especially in the IT, biotechnology, and pharmaceutical sectors. The discussion is primarily based on British and US research. The debate has wider international relevance, because there are strong pressures for establishing shareholder value as the international 'norm' for systems of corporate governance. Following a detailed discussion of Germany, the authors conclude that there is no inevitable trend to shareholder value: shareholder value depends upon complementary institutional arrangements in national business systems, which are far from universal. The book concludes with a critical analysis of the justifications for shareholder value and investor engagement, highlighting the weaknesses of both efficiency and equity justifications.

Publisher: Oxford University Press
ISBN: 9780199202607
Number of pages: 238
Weight: 510 g
Dimensions: 240 x 164 x 17 mm

You may also be interested in...

Day Trading For Dummies
Added to basket
Investor's Guide To Charting
Added to basket
The Zulu Principle
Added to basket
£25.00
Hardback
One Up On Wall Street
Added to basket
How to Make a Million - Slowly
Added to basket
The Warren Buffett Stock Portfolio
Added to basket
FT Guide to Investing for Income
Added to basket
Moneyball
Added to basket
£11.99
Paperback
The 17.6 Year Stock Market Cycle
Added to basket
Get Started in Shares
Added to basket
Shares Made Simple
Added to basket
£13.99
Paperback
When Genius Failed
Added to basket
The Little Book of Valuation
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.