Berle and Means真的是神话吗?

B. Cheffins, Steven A. Bank
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引用次数: 58

摘要

阿道夫·伯利和加德纳·米恩斯在1932年发表了著名的声明,称所有权和控制权的分离是美国大公司的标志,他们对问题的描述很快成为公认的智慧。最近的一系列论文对伯勒-均值理论提出了质疑。对相关历史文献的调查表明,美国上市公司的所有权和控制权模式并不是单一的。尽管如此,所有权和控制权的分离仍然是分析美国公司治理的适当参考点。
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Is Berle and Means Really a Myth?
Adolf Berle and Gardiner Means famously declared in 1932 that a separation of ownership and control was a hallmark of large U.S. corporations, and their characterization of matters quickly became received wisdom. A series of recent papers has called the Berle-Means orthodoxy into question. This survey of the relevant historical literature acknowledges that the pattern of ownership and control in U.S. public companies is not monolithic. Nevertheless, a separation between ownership and control remains an appropriate reference point for analysis of U.S. corporate governance.
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