Investor Engagement
Investors and Management Practice under Shareholder Value
- Publisher's listprice GBP 51.00
-
24 365 Ft (23 205 Ft + 5% VAT)
The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.
- Discount 10% (cc. 2 437 Ft off)
- Discounted price 21 929 Ft (20 885 Ft + 5% VAT)
Subcribe now and take benefit of a favourable price.
Subscribe
24 365 Ft
Availability
printed on demand
Why don't you give exact delivery time?
Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Publisher OUP Oxford
- Date of Publication 5 July 2007
- ISBN 9780199202607
- Binding Hardback
- No. of pages238 pages
- Size 240x164x17 mm
- Weight 510 g
- Language English
- Illustrations 4 Tables 0
Categories
Short description:
Western business practice has been transformed since the 1980s, especially in the US and Britain, with the growth of shareholder value. This book examines the resulting change in relations between investors and managers as investors have become actively engaged with the companies in which they invest, the rationale for this, and forms it takes.
MoreLong description:
The growth of shareholder value has been a major change in Western economies since the 1980s. This growth has reignited debates concerning relations between investors and managers. This book argues that investors are more than passive providers of finance, on whose behalf managers seek to maximize shareholder returns. Instead, many investors directly influence management practice, through investor engagement. The book examines the role of institutional investors and private equity firms, two types of investors with overlapping but different reasons for engagement. Questions addressed include: What are the incentives, and disincentives, for investment engagement? How is investor engagement organized? What areas of management practice are of particular concern to investors? The discussion shows in detail how private equity firms play a major role in developing new companies, beyond the provision of finance, especially in the IT, biotechnology, and pharmaceutical sectors.
The discussion is primarily based on British and US research. The debate has wider international relevance, because there are strong pressures for establishing shareholder value as the international 'norm' for systems of corporate governance. Following a detailed discussion of Germany, the authors conclude that there is no inevitable trend to shareholder value: shareholder value depends upon complementary institutional arrangements in national business systems, which are far from universal. The book concludes with a critical analysis of the justifications for shareholder value and investor engagement, highlighting the weaknesses of both efficiency and equity justifications.
Table of Contents:
Shareholder Value as Context for Investor Engagement
Investor Engagement
Institutional Investor Engagement Propensity
Forms of Institutional Investor Engagement
Private Equity Investor Engagement
Managing Investors
Corporate Governance Convergence in International Perspective
Shareholder Value, Investor Engagement, and Management Practice: A Normative Evaluation
