Copy the page URI to the clipboard
Gleadle, Pauline and Haslam, Colin
(2010).
DOI: https://doi.org/10.1016/j.accfor.2009.10.002
Abstract
The financialization literature considers the impact of financial markets on corporate strategy, governance, financial performance and the distribution of resources between various stakeholder groups. Capital market demands modify strategic priorities, governance and managerial narratives about performance because this helps justify value creation and value absorption in an era of shareholder value. The literature on financialization suggests that managers have a tendency to exaggerate performance to boost valuations especially when their interests align with those of the firm’s shareholders. In this exploratory study of an R&D-intensive firm “Medco” we consider the extent to which managerial narratives and corporate governance of this R&D-intensive firm reflect a process of financialization.
Viewing alternatives
Metrics
Public Attention
Altmetrics from AltmetricNumber of Citations
Citations from DimensionsItem Actions
Export
About
- Item ORO ID
- 25079
- Item Type
- Journal Item
- ISSN
- 1467-6303
- Keywords
- financialization; shareholder value; R&D-intensive firms; bio-pharmas
- Academic Unit or School
-
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Economics
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS) - Research Group
- Innovation, Knowledge & Development research centre (IKD)
- Copyright Holders
- © 2009 Elsevier Ltd.
- Depositing User
- Catherine Playle