This paper structures ten effective implications/lessons of the most recent bank bailouts of 2007-2009 in the Western economy model when analysing actual shareholders' value retrenchment or growth opportunities. The author finds that recent bank bailouts relate to: global bailout...

Unsatisfied with the dominatingshareholders' point of view, that appears to betoo limited to build a relevant theory ofcorporate governance, we propose an enlargeddefinition of the value which may be called,the stakeholder value. This definition and itsassociated measure are more suitable for...

Unsatisfied with the dominating shareholders'view, that we find unfitted to build a relevant theory of corporate governance, we propose an enlarged definition of the value which may be called, the stakeholder value. This definition and the associated measure are supposed to be more fitted to the...

Unsatisfied with the dominating shareholders'view, that we find unfitted to build a relevant theory of corporate governance, we propose an enlarged definition of the value which may be called, the stakeholder value. This definition and the associated measure are supposed to be more fitted to the...

Unsatisfied with the dominating shareholders'view, that we find unfitted to build a relevant theory of corporate governance, we propose an enlarged definition of the value which may be called, the stakeholder value. This definition and the associated measure are supposed to be more fitted to the...

Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects a firm overall performance. Using U.S. state level and...

Unter Value-Based M&A-Management wird in dieser Arbeit die inhaltliche und strukturelle Gestaltung der Ma�nahmen des M&A-Prozesses mit dem Ziel der Steigerung des Unternehmenswertes im Sinne der Aktion�re verstanden. Dazu werden in den Teilprozessen des M&A-Gesamtprozesses...

The shareholder value maximization is the keystone of the actual stage of capitalism. The objective function of publicly quoted corporations is nowadays the maximization of the shareholders' wealth, i.e. the sum of dividends and capital gains. Despite the increasing international financial...

The shareholder value maximization objective function of Anglo-Saxon publicly quoted corpora-tions over the last three decades gave raise to contrasted reactions. The controversy raised by the implementation of this new form of capitalism goes beyond the simple interactions between corporate...

Starting form the accounting status as a social and institutional practice and the economic role of financial reporting, the paper addresses the issue of social and environmental accounting and reporting regulation.We propose an analysis of the main rep