aThe separation of ownership and management can lead to a conflict of interest between management's duty to maximize shareholder value and its interest in maximizing its own income. A CEO, for example, might be paid a large bonus even as the corporation approaches bankruptcy. 归属和管理的分离在...
When the firm is solvent, the duty to maximize shareholder value tends to give managers an incentive to act efficiently that is, in a way that increases total value. But when the firm is insolvent, this duty might give managers an incentive to run the firm in a way that reduces the ...
Corporate managers generally owe a fiduciary duty exclusively to shareholders --a duty interpreted as requiring the managers to maximize shareholder value. When the firm is solvent, the duty to maximize shareholder value tends to give managers an incentive to act efficiently that is, in a way that...
b. Corporations should maximize shareholder value. c. Government should reduce the level of unemployment. d. The most important effects of policy happen i In the world of professional sports teams which have an operating profit, the...
Corporate managers generally owe a fiduciary duty exclusively to shareholders --a duty interpreted as requiring the managers to maximize shareholder value... A Chaver,JM Fried - 《Vanderbilt Law Review》 被引量: 60发表: 2002年 Reason, Rationality, and Fiduciary Duty This paper argues that since...
Corporate GovernanceShareholder Wealth MaximizationESGStakeholder GovernanceSubject to important qualifications, corporate decision-makers are duty-bound to maximize shareholder value. However, there is reason to believe corporate decisSocial Science Electronic Publishing...
interpretation is forbidden, or positively a duty to obey the law in a non-aggressive way, then, fourth, a possible counterargument could be that this duty for managers conflicts with other duties, e.g., their duties to act in the interest of shareholders who wish to maximize their profits...
Fiduciary duty - a responsibility of the asset managers to act in the interests of the beneficiaries - has no legal definition [36, 37]. Traditionally, corporate directors and asset managers have both perceived themselves to have a fiduciary duty to maximise shareholder value [38]. More recently...
Why is shareholder value important? Which of the following is the best example of an excise tax? a. A tax paid by employers on income paid to workers. b. A tax on all capital gains (the amount by which the value of an asset ...
Corporate managers generally owe a fiduciary duty exclusively to shareholders --a duty interpreted as requiring the managers to maximize shareholder value... A Chaver,JM Fried - 《Vanderbilt Law Review》 被引量: 60发表: 2002年 Shift of Fiduciary Duty upon Corporate Insolvency: Proper Scope of Di...