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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

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Volume 7, Issue 3


Shareholder Primacy in Corporate Law: Can it Survive? Should it Survive?

Andrew Keay
  • *Professor of Corporate and Commercial Law, Centre for Business Law and Practice, School of Law, University of Leeds, England.
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Published Online: 2010-10-05 | DOI: https://doi.org/10.1515/ecfr.2010.369

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?

About the article

Published Online: 2010-10-05

Published in Print: 2010-09-01

Citation Information: European Company and Financial Law Review, Volume 7, Issue 3, Pages 369–413, ISSN (Online) 1613-2556, ISSN (Print) 1613-2548, DOI: https://doi.org/10.1515/ecfr.2010.369.

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