Editorial
Author(s)
Bowden, Bradley
Griffith University Author(s)
Year published
2017
Metadata
Show full item recordAbstract
In this edition we are fortunate to have seven articles, the first four of which deal with trade, fashion and transport. In our lead article, “The changing relation between CEOs and shareholders: a case study on Royal Philips NV, 1971-2001” – authored by Abe de Jong, Michiel Wolfswinkel and Marieke van der Poel (Erasmus University, Rotterdam and PWC) – we have an exploration of one of the most fundamental issues in management: the relationship between professional managers and shareholders. As readers of this journal would be aware, since the publication of Berle and Means’ (1932) famed study on “agency”, there has been a ...
View more >In this edition we are fortunate to have seven articles, the first four of which deal with trade, fashion and transport. In our lead article, “The changing relation between CEOs and shareholders: a case study on Royal Philips NV, 1971-2001” – authored by Abe de Jong, Michiel Wolfswinkel and Marieke van der Poel (Erasmus University, Rotterdam and PWC) – we have an exploration of one of the most fundamental issues in management: the relationship between professional managers and shareholders. As readers of this journal would be aware, since the publication of Berle and Means’ (1932) famed study on “agency”, there has been a view that the dispersal of shareholder equity in modern firms has allowed senior management to often pursue goals that suit managerial rather than shareholder interests. In engaging with this debate, De Jong, Wolfswinkel and Van der Poel use the work of Jensen and Meckling (1976) as their starting point; a work that emphasised the growing importance of investor relations in large corporate firms where predatory takeovers have become increasingly commonplace. To explore the changing relationships between CEOs and investors, De Jong, Wolfswinkel and Van der Poel examine the circumstances at Philips, a firm long famed for its electrical products.
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View more >In this edition we are fortunate to have seven articles, the first four of which deal with trade, fashion and transport. In our lead article, “The changing relation between CEOs and shareholders: a case study on Royal Philips NV, 1971-2001” – authored by Abe de Jong, Michiel Wolfswinkel and Marieke van der Poel (Erasmus University, Rotterdam and PWC) – we have an exploration of one of the most fundamental issues in management: the relationship between professional managers and shareholders. As readers of this journal would be aware, since the publication of Berle and Means’ (1932) famed study on “agency”, there has been a view that the dispersal of shareholder equity in modern firms has allowed senior management to often pursue goals that suit managerial rather than shareholder interests. In engaging with this debate, De Jong, Wolfswinkel and Van der Poel use the work of Jensen and Meckling (1976) as their starting point; a work that emphasised the growing importance of investor relations in large corporate firms where predatory takeovers have become increasingly commonplace. To explore the changing relationships between CEOs and investors, De Jong, Wolfswinkel and Van der Poel examine the circumstances at Philips, a firm long famed for its electrical products.
View less >
Journal Title
Journal of Management History
Volume
23
Issue
4
Subject
Marketing
History and philosophy of specific fields
Social Sciences
Management
Business & Economics