The Profit Motive: Defending Shareholder Value Maximization
Feb 2023 · Cambridge University Press
Ebook
241
Pages
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About this ebook
What responsibility, if any, does a corporation have to society? How should corporations balance environmental, social, and governance factors? The Profit Motive addresses these questions of corporate purpose using historical, legal, and economic perspectives. Stephen M. Bainbridge enters the debate around corporate social responsibility to mount an unabashed defense of shareholder capitalism and maximizing shareholder value. The book offers context for the current questions about corporate purpose, and provides a reference going forward. Direct and corrective, The Profit Motive argues that shareholder value maximization is not only required by law, but what the law ought to require.
About the author
Stephen M. Bainbridge is the William D. Warren Distinguished Professor of Law at UCLA School of Law.
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