Strong Managers, Weak Owners: Mark J. Roe
Editorial Reviews
Review
Roe … argues persuasively that old-fashioned politics … play[s] the key role in building a structure of corporate finance…. Strong Managers, Weak Owners does for corporate governance what Alfred Chandler’s The Visible Hand did for the corporation: makes history essential to understanding current practice and policy. — Review
–This text refers to the
Paperback
edition.
Review
Economic theory appeared to predict that the American version [of capitalism, in which firms feed on a huge and liquid stockmarket] should be the most efficient. This view stemmed from [Berle and Means] in The Modern Corporation and Private Property … [and] held sway for the next fifty years…. Roe … takes this debate a giant step forward. Far from being the inevitable winner of a Darwinian struggle, argues Roe, the Berle-Means corporation owes its existence to American politics, and in particular to a deeply ingrained popular mistrust of concentrated financial power.
(The Economist )
Roe … argues persuasively that old-fashioned politics … play[s] the key role in building a structure of corporate finance…. Strong Managers, Weak Owners does for corporate governance what Alfred Chandler’s The Visible Hand did for the corporation: makes history essential to understanding current practice and policy.
(Robert Teitelman Institutional Investor )
–This text refers to the
Paperback
edition.
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