A significant proportion of authors of green business texts proposes that managers should be the instigators and guardians of a societal change towards sustainable development. There is the notion of managerial duty towards the environment. This paper attempts to unravel the implications of this cal
The ethics of going private
β Scribed by Douglas A. Houston; John S. Howe
- Publisher
- Springer
- Year
- 1987
- Tongue
- English
- Weight
- 607 KB
- Volume
- 6
- Category
- Article
- ISSN
- 0167-4544
No coin nor oath required. For personal study only.
β¦ Synopsis
In this paper, we analyze some of the ethical dimensions of going private transactions (GPTs), wherein publicly traded firms are taken private. Financial theory suggests that efficiencies may be realized in these transactions such that outside shareholders are made better off. Empirical evidence supports this theory. We therefore argue that OPTs are not inherently exploitive or unethical. The issues of the fiduciary duty of corporate managers to shareholders and their obligations to non-shareholders are also explored.
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