The DOI matches its Crossref record; 68 of the 68 references it cites were found in a registry or an index.
Shareholder Value and the Transformation of the U.S. Economy, 1984–20001
Abstract
Using data from 62 U.S. industries for 1984–2000, this article explores the connections between shareholder value strategies, such as mergers and layoffs, and related industry‐level changes, such as de‐unionization, computer technology, and profitability. In line with shareholder value arguments, mergers occurred in industries with low profits, and industries where mergers were active subsequently saw an increase in layoffs. Industries with a high level of mergers increased investment in computer technology. This technology displaced workers through layoffs and was focused on reducing unionized workforces. Contrary to shareholder value arguments, there is no evidence that mergers or layoffs returned industries to profitability.
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Cites
DiMaggio, P. J., & Powell, W. W. (1983) · American Sociological Review · doi:10.2307/2095101 · Cited by 38,435
Institutionalized Organizations: Formal Structure as Myth and Ceremony
Meyer, J. W., & Rowan, B. (1977) · American Journal of Sociology · doi:10.1086/226550 · Cited by 28,308
DiMaggio, P. J., & Powell, W. W. (2004) · Advances in Strategic Management · doi:10.1016/s0742-3322(00)17011-1 · Cited by 25,802
Separation of Ownership and Control
Fama, E. F., & Jensen, M. C. (1983) · The Journal of Law and Economics · doi:10.1086/467037 · Cited by 19,058
Production, Information Costs and Economic Organization
Alchian, A. A., & Demsetz, H. (1996) · Firms, Organizations and Contracts · doi:10.1093/oso/9780198774358.003.0005 · Cited by 9,565
DiMaggio, P. (1983) · American Sociological Review · Cited by 9,078
The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics
Breusch, T. S., & Pagan, A. R. (1980) · The Review of Economic Studies · doi:10.2307/2297111 · Cited by 8,982
An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias
Zellner, A. (1962) · Journal of the American Statistical Association · doi:10.1080/01621459.1962.10480664 · Cited by 8,401
Industrial Market Structure and Economic Performance.
Mann, H. M., & Scherer, F. M. (1971) · The Journal of Finance · doi:10.2307/2325977 · Cited by 6,267
Ecological Correlations and the Behavior of Individuals
Robinson, W. S. (1950) · American Sociological Review · doi:10.2307/2087176 · Cited by 4,513
Cited by
Financialization and U.S. Income Inequality, 1970–2008
Lin, K.-H., & Tomaskovic-Devey, D. (2013) · American Journal of Sociology · doi:10.1086/669499 · Cited by 573
Did financialization reduce economic growth?
Tomaskovic-Devey, D., Lin, K.-H., & Meyers, N. (2015) · Socio-Economic Review · doi:10.1093/ser/mwv009 · Cited by 180
Financialization, non-financial corporations and income inequality: the case of France
Alvarez, I. (2015) · Socio-Economic Review · doi:10.1093/ser/mwv007 · Cited by 177
Metadata
- Authors
- Fligstein, N., & Shin, T.
- Venue
- Sociological Forum
- Publisher
- Wiley
- Published
- 2007-10-26
- Volume
- 22
- Issue
- 4
- Pages
- 399-424
- ISSN
- 0884-8971 (ISSN-L)
- 1573-7861
- OpenAlex
- W2168626402
- Cited by
- 299
- References
- 68
- FWCI
- 9.39
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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