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Cited by 1,237

The DOI matches its Crossref record; 23 of the 23 references it cites were found in a registry or an index.

Maximizing Shareholder Value: A New Ideology for Corporate Governance

Lazonick, William, O’Sullivan, Mary·2002·Corporate Governance and Sustainable Prosperity

Abstract

Over the past two decades the ideology of shareholder value has become entrenched as a principle of corporate governance among companies based in the United States and Britain. Over the past two or three years, the rhetoric of shareholder value has become prominent in the corporate governance debates in European nations such as Germany, France and Sweden. Within the past year, the arguments for ‘maximizing shareholder value’ have even achieved prominence in Japan. In 1999 the OECD issued a document, The OECD Principles of Corporate Governance , that emphasizes that corporations should be run, first and foremost, in the interests of shareholders (OECD, 1999) These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Metadata

Authors
Lazonick, W., & O’Sullivan, M.
Venue
Corporate Governance and Sustainable Prosperity
Published
2002
Pages
11-36
OpenAlex
W2083298775
Cited by
1,237
References
23
FWCI
170.15
Type
book chapter
Language
en
Open access
closed

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CoChat. (2026). Citation check: Maximizing Shareholder Value: A New Ideology for Corporate Governance. https://app.cochat.ai/papers/10.1057/9780230523739_2
The paper
Lazonick, W., & O’Sullivan, M. (2002). Maximizing Shareholder Value: A New Ideology for Corporate Governance. Corporate Governance and Sustainable Prosperity. https://doi.org/10.1057/9780230523739_2

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.