European Company and Financial Law Review
Ed. by Bergmann, Alfred / Fleischer, Holger / Goette, Wulf / Hirte, Heribert / Hommelhoff, Peter / Krieger, Gerd / Merkt, Hanno / Teichmann, Christoph / Vetter, Jochen / Weller, Marc-Philippe / Wicke, Hartmut
SCImago Journal Rank (SJR) 2017: 0.258
Source Normalized Impact per Paper (SNIP) 2017: 2.167
Shareholder Primacy in Corporate Law: Can it Survive? Should it Survive?
The dominant theory in Anglo-American jurisdictions, as far as determining the objective of large public corporations, has been, certainly since the 1970s, the shareholder primacy theory. Yet there have been in recent years a number of challenges to the dominance of this theory in Anglo-American jurisdictions. Given this, the article asks whether shareholder primacy is able retain its position as the dominating theory in relation to corporations in such jurisdictions? A second question that is considered is: should the theory survive?
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