Add to ORKGThe Modern Corporation and Private Property highlighted the evolving separation of ownership and control in the public corporation and the effects of that separation on the allocation of power within the corporation. This essay explores the implications of intermediation for those themes. The article observes that intermediation, by decoupling economic ownership and decision-making authority within the shareholder, creates a second layer of agency issues beyond those identified by Berle and Means. These agency issues are an important consideration in the current debate over shareholder empowerment. The article concludes by considering the hypothetical shareholder construct implicit in the Berle and Means paradigm and in proposals to increas...
Why do investors in public corporations cede control over corporate assets and outputs to a board of...
For decades, those holding the shareholder primacy view that the purpose of a corporation is to earn...
We cannot completely overcome the difficulties caused by the separation of ownership and control. In...
The Modern Corporation and Private Property highlighted the evolving separation of ownership and con...
In 1932, Adolf Berle and Gardiner Means published the seminal book, The Modern Corporation and Priva...
International audienceOver the last thirty years, the shareholder conception of corporate governance...
Over the past three decades, the topic of corporate governance has become an increasingly high profi...
Concern over issues of corporate social responsibility and corporate governance persists, fueled, in...
This Article first recalls the primary contours of Adolf Berle and Gardiner Means’s acclaimed observ...
This article explores the long-standing suspicion of the individual shareholder and the correspondin...
This paper examines two potentially contradictory effects of the presence of controlling shareholder...
This Article first recalls the primary contours of Adolf Berle and Gardiner Means’s acclaimed observ...
This Article introduces a new model of corporate governance, which challenges, as did Berle and Mean...
This chapter from the forthcoming Research Handbook on the Economics of Corporate Law (Claire Hill &...
After more than eighty years of sustained attention, the master problem of U.S. corporate law—the se...
Why do investors in public corporations cede control over corporate assets and outputs to a board of...
For decades, those holding the shareholder primacy view that the purpose of a corporation is to earn...
We cannot completely overcome the difficulties caused by the separation of ownership and control. In...
The Modern Corporation and Private Property highlighted the evolving separation of ownership and con...
In 1932, Adolf Berle and Gardiner Means published the seminal book, The Modern Corporation and Priva...
International audienceOver the last thirty years, the shareholder conception of corporate governance...
Over the past three decades, the topic of corporate governance has become an increasingly high profi...
Concern over issues of corporate social responsibility and corporate governance persists, fueled, in...
This Article first recalls the primary contours of Adolf Berle and Gardiner Means’s acclaimed observ...
This article explores the long-standing suspicion of the individual shareholder and the correspondin...
This paper examines two potentially contradictory effects of the presence of controlling shareholder...
This Article first recalls the primary contours of Adolf Berle and Gardiner Means’s acclaimed observ...
This Article introduces a new model of corporate governance, which challenges, as did Berle and Mean...
This chapter from the forthcoming Research Handbook on the Economics of Corporate Law (Claire Hill &...
After more than eighty years of sustained attention, the master problem of U.S. corporate law—the se...
Why do investors in public corporations cede control over corporate assets and outputs to a board of...
For decades, those holding the shareholder primacy view that the purpose of a corporation is to earn...
We cannot completely overcome the difficulties caused by the separation of ownership and control. In...