The ethics of going private

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.
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DOI 10.1007/BF00383743
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References found in this work BETA
The Wealth of Nations.Smith Adam - 1993 - Hackett Publishing Company.

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Citations of this work BETA
The Ethics of Leveraged Management Buyouts Revisited.Thomas M. Jones & Reed O. Hunt - 1991 - Journal of Business Ethics 10 (11):833 - 840.
Chinese Management Buyouts and Board Transformation.Yao Li, Mike Wright & Louise Scholes - 2010 - Journal of Business Ethics 95 (2):361 - 380.
FOCUS: Risks in Business Ethics and Venture Capital.Yves Fassin - 1993 - Business Ethics: A European Review 2 (3):124-131.
FOCUS: Risks in Business Ethics and Venture Capital.Yves Fassin - 1993 - Business Ethics 2 (3):124–131.

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