Shareholder value and Financialization: consultancy promises, management moves

By J. Froud, C. Haslam, S. Johal, K. Williams. 2000

596 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/dbb058a3d2a9bd57da9dbc7b463bda13693a9285

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In Finance

1. Brett Christophers
2. A. Nölke
3. J. Perry
4. Wiliiam Milberg
5. Andrew Leyshon
6. S. French
7. T. Wainwright
8. P. Gibbon

Citations in the corpus

• The Manufacture of Corporate Social Responsibility: Constructing Corporate Sensibility (2003, background): “Their ability to insist upon the delivery of ‘shareholder value’ has, of course, greatly increased the very economic pressures that, I argued earlier, have the effect of occluding ethical sensibility (Froud et al., 2000).”
• Financial exclusion and the geography of bank and building society branch closure in Britain (2008, background): “Second, the process of neo-liberalization has been accompanied by an empowering of financial markets, which has led some commentators to argue that contemporary life is increasingly subject to a process of financialization (Froud et al., 2000, Froud et al., 2001, Sinclair, 2005).”
• Bringing the social context back in: governance and wealth distribution in global commodity chains (2008, methodology): “The use of new performance indicators such as the Economic Value Added (EVA†) designed by the consulting firm Stern & Stewart (see Froud et al., 2000) has been far from neutral in guiding managerial decisions (Baudru & Morin, 1999).”
• Governing global value chains: an introduction (2008, background): “Specifically, they examined how the twin paradigms of financialization and shareholder value (cf. Froud et al., 2000) provided a reference point for proposing and justifying certain forms of outsourcing and for applying specific quality management approaches in GVCs.”
• Financialisation, Financial Literacy and Asset-Based Welfare (2009, background): “Lazonick and O’Sullivan 2000) and the use of financial results as the basis for measuring competitiveness between firms (Froud et al. 2000) in ways that affect management orientations, expectations and strategies (Froud et al.”
• Financialisation and the slowdown of accumulation (2004, background): “Authors like Froud et al. (2000) analyse the discourse of shareholder value and its impact on corporate restructuring.”
• The political economy debate on ‘financialization’ – a macroeconomic perspective (2009, unknown): “Froud et al. (2000: 105) argued that (t)he financialization of other national economies (outside the UK and US) is possible but only when a series of national conditions are met and institutional resistances are overcome.”
• ‘Shareholder value’ versus the regions: the closure of the Vaux Brewery in Sunderland (2006, background): “For advocates, shareholder value “will align management and shareholder interests to benefit all stakeholders as shareholding is spread ever wider” (Froud et al., 2000: 86).”
• The Financialization of the American Economy (2005, unknown): “Some writers, for example, use the concept of financialization to refer to the ascendancy of ‘shareholder value’ as a mode of corporate governance (Froud et al ., 2000; Lazonick and O’Sullivan, 2000; Williams, 2000).”
• World cities under conditions of financialized globalization (2015, background): “Apart from assisting TNCs in optimizing and making more flexible their supply chains, APS firms played an important role in the codification and implementation of these metrics as well (Froud et al., 2000, 2006).”
• The Financialization of Home and the Mortgage Market Crisis (2008, unknown): “…to signify the rise of the idea of shareholder value in different economic sectors and associated changes in management priorities (Engelen 2002; Froud et al. 2000; Lazonick & O’Sullivan 2000); in addition, it signifies that the financial industry has been transformed ‘from a facilitator of…”
• Ownership structures and R&D in Europe: the good institutional investors, the bad and ugly impatient shareholders (2013, background): “the “financialization” of company strategies (Froud et al., 2000; Williams, 2000; Lazonick and O’ Sullivan, 2000) and on the innovative effort of companies in particular.”