David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 6 (7):519 - 525 (1987)
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 GPTs 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.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Citations of this work BETA
Thomas M. Jones & Reed O. Hunt (1991). The Ethics of Leveraged Management Buyouts Revisited. Journal of Business Ethics 10 (11):833 - 840.
Yao Li, Mike Wright & Louise Scholes (2010). Chinese Management Buyouts and Board Transformation. Journal of Business Ethics 95 (2):361 - 380.
Similar books and articles
Shawn D. Howton, Shelly W. Howton & Victoria B. McWilliams (2008). The Ethical Implications of Ignoring Shareholder Directives to Remove Antitakeover Provisions. Business Ethics Quarterly 18 (3):321-346.
Aris Stouraitis, Steven Yan-Leung Cheung & Raghavendra Rau, The Helping Hand, the Lazy Hand, or the Grabbing Hand? Central Vs. Local Government Shareholders in Publicly Listed Firms in China.
Marguerite Schneider & Alix Valenti (2009). Does A Company's “Going Private” Tend to Harm Its Stakeholders? A Contingency-Based Approach to Stakeholder Effects. Proceedings of the International Association for Business and Society 20:337-347.
Kevin Morrell & Ian Clark (2010). Private Equity and the Public Good. Journal of Business Ethics 96 (2):249 - 263.
Victoria B. McWilliams (2008). The Ethical Implications of Ignoring Shareholder Directives to Remove Antitakeover Provisions. Business Ethics Quarterly 18 (3):321-346.
Earl W. Spurgin (2001). Do Shareholders Have Obligations to Stakeholders? Journal of Business Ethics 33 (4):287 - 297.
Julia Meaton & David Morrice (1996). The Ethics and Politics of Private Automobile Use. Environmental Ethics 18 (1):39-54.
David Morrice (1996). The Ethics and Politics of Private Automobile Use. Environmental Ethics 18 (1):39-54.
Cynthia Clark Williams & Lori Verstegen Ryan (2007). Courting Shareholders: The Ethical Implications of Altering Corporate Ownership Structures. Business Ethics Quarterly 17 (4):669-688.
Karsten Klint Jensen (2007). Corporate Responsibility: The Stakeholder Paradox Reconsidered. [REVIEW] Journal of Agricultural and Environmental Ethics 20 (6):515-532.
Added to index2009-01-28
Total downloads6 ( #290,652 of 1,696,508 )
Recent downloads (6 months)2 ( #246,076 of 1,696,508 )
How can I increase my downloads?