Shareholder Value Maximisation, Stock Market and New Technology: Should the US corporate model be the universal standard? Ajit Singh

The author argues that despite the faster growth of US economy since 1992 and the  new legitimacy of the stock market and the corporate model, there is no warrant for revising a 1992 blue-ribbon group’s conclusion that the US stock market-based corporate model was misallocating resources and jeopardising US competitiveness. Secondly, even US corporations, let alone developing country ones, would be better off not having stock market valuation as a corporate goal.

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