The ethics of going private  

Oleh:

Houston, Douglas A. ; Howe, John S.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Journal of Business Ethics vol. 6 no. 7 (Oct. 1987), page 519.
Topik: Ethics; Going Private Transactions (GPTs); Shareholders

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: BB27.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

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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