Predatory value extraction : how the looting of the business corporation became the U.S. norm and how sustainable prosperity can be restored (Book, 2020) [WorldCat.org]
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Predatory value extraction : how the looting of the business corporation became the U.S. norm and how sustainable prosperity can be restored
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Predatory value extraction : how the looting of the business corporation became the U.S. norm and how sustainable prosperity can be restored

Author: William Lazonick; Jang-Sup Shin
Publisher: Oxford : Oxford University Press, 2020.
Edition/Format:   Print book : English : First editionView all editions and formats
Summary:
Predatory Value Extraction explains how an ideology of corporate resource allocation known as 'maximizing shareholder value' (MSV) that emerged in the 1980s came to dominate strategic thinking in business schools and corporate boardrooms in the United States. Undermining the social foundations of sustainable prosperity, it resulted in employment instability, income inequity, and slow productivity growth. In  Read more...
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Additional Physical Format: Electronic version:
Lazonick, William.
Predatory value extraction.
Oxford : Oxford University Press, 2020
(OCoLC)1129171920
Document Type: Book
All Authors / Contributors: William Lazonick; Jang-Sup Shin
ISBN: 0198846770 9780198846772
OCLC Number: 1101771121
Description: viii, 239 pages : illustrations ; 24 cm
Contents: 1. The growing imbalance between value creation and value extraction --
2. The business enterprise as a value-creating organization --
3. The stock market as a value-extracting institution --
4. The value-extracting insiders --
5. The value-extracting enablers --
6. The value-extracting outsiders --
7. Innovative enterprise solves the agency problem --
8. Reversing predatory value extraction
Responsibility: William Lazonick and Jang-Sup Shin.

Abstract:

This book explains how an ideology of corporate resource allocation known as 'maximizing shareholder value' (MSV) that emerged in the 1980s undermined the social foundations of sustainable prosperity  Read more...

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Lazonick and Shin have offered an important contribution to the emerging literature on industrial organization and its relationship with problems of inequality and stagnation in the United States. * Read more...

 
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