Dr. Strom-Olsen explained his lecture in the following words: “Since the 1970s and the rise of institutional investors as the dominant force in equity markets, shareholder value, whether as an iterated or a de facto principle, has become the focal point of governance for publicly-traded firms.

In this talk, I will consider the history of shareholder value theory and examine the consequences, both in terms of direct firm outcomes, as well as associated social costs. At the end of the conference, we will consider whether we should move beyond shareholder value as an ideology for corporate governance.”

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