White Rose University Consortium logo
University of Leeds logo University of Sheffield logo York University logo

Shareholders and employees: rent transfer and rent sharing in corporate takeovers

Kuvandikov, A. (2010) Shareholders and employees: rent transfer and rent sharing in corporate takeovers. Working Paper. Department of Management Studies, University of York

Full text available as:
[img] Text (57Azimjon_working_paper_2010_3.pdf)
57Azimjon_working_paper_2010_3.pdf

Download (423Kb)

Abstract

The introduction of the ideology of maximising shareholder value and the rise of institutional investors in LMEs contributed to the development of an active MCC, which threatens managers with replacement if they do not act in the best interests of shareholders. However, some authors argue that restructuring for shareholder value through the MCC may negatively affect labour (Froud et al., 2000; Lazonick and O'Sullivan, 2000). It is suggested that such corporate governance practices may discourage employees from investing in firm-specific human capital and may pressurise managers into taking short-term profit-maximising actions instead of investing in long-term sustainable projects (Blair, 1995).

Item Type: Monograph (Working Paper)
Institution: The University of York
Academic Units: The University of York > The York Management School
Depositing User: Repository Administrator York
Date Deposited: 24 Sep 2010 17:44
Last Modified: 14 Oct 2014 08:46
Status: Published
Publisher: Department of Management Studies, University of York
Refereed: No
Related URLs:
URI: http://eprints.whiterose.ac.uk/id/eprint/11240

Actions (repository staff only: login required)