Corporate Governance Adrift: A Critique of Shareholder Value Book

Originating as a French report published in 2001, this English edition incorporates the Enron scandal and such recent European equivalents as Parmalat in Italy and France Télécom. Aglietta and Rebérioux, economists at the U. of Paris-X, begin their analysis of the doctrine of shareholder value by discussing its financial and information technology globalization contexts. Favoring a European over US model of governance, they deconstruct current capitalism and its underlying ideology, explore the relationship between governance regimes and accounting standards, and their macroeconomic effects. Tables and figures summarize such factors as the size of credit risk markets in the US, worker involvement in the European company, and the institutional framework of monetary policy. Annotation ©2005 Book News, Inc., Portland, OR