“In his forthcoming article, ‘Shareholder Wealth Maximization: A Schelling Point’, my MC-Law colleague, Professor Martin Edwards, offers a new contribution to the long-standing debate concerning shareholder wealth maximization and corporate purpose. (See, eg, here, here, here, and here). Professor Edwards is not simply offering a rehearsal of the principled justifications for shareholder wealth maximization as the preeminent corporate purpose. Instead, he proposes a descriptive explanation for why it happened to become the received norm …” (more)
[John P Anderson, Business Law Prof Blog, 27 November]
First posted 2020-11-28 06:55:59
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