The Rise of Fiduciary Capitalism: How Institutional Investors Can Make Corporate America More Democratic

3 avg rating
( 1 ratings by GoodReads )
 
9780812235630: The Rise of Fiduciary Capitalism: How Institutional Investors Can Make Corporate America More Democratic

At the beginning of the twenty-first century, the structure of corporate ownership is undergoing major change. The Rise of Fiduciary Capitalism chronicles the rise of fiduciary institutions—primarily public and private pension funds—which now own almost 50 percent of the equity of American corporations. In turn, approximately 50 percent of Americans either own stock individually or, more typically, have an ownership or retirement interest in these fiduciary institutions.

James P. Hawley and Andrew T. Williams argue that, because of their extensive diversification of ownership, fiduciary institutions have become "universal owners" with a significant stake in a broad cross-section of the largest publicly traded firms in the economy. Forced to evaluate portfolio-wide effects of individual firm actions, these institutions have a quasipublic policy interest in the long-term health and wellbeing of the whole society. As universal owners, fiduciary institutions are in a unique position to develop and pursue policies of virtuous efficiency, minimizing negative externalities and encouraging positive outcomes by the firms in their portfolios. In this way, they have the potential to make the firms in which they own stock more responsive to the needs of the Americans to whom they are responsible and thereby make those firms more democratic.

The Rise of Fiduciary Capitalism investigates the nature of property and ownership in the modern corporate setting, the effects of the decline of traditional, personally held property in equity form, and the governance implications of the developing new form of corporate ownership.

"synopsis" may belong to another edition of this title.

About the Author:

James P. Hawley is Transamerica Professor of Business Policy and Strategy at the School of Economics and Business Administration at Saint Mary's College of California. Andrew T. Williams is Associate Professor at the School of Economics and Business Administration at Saint Mary's College of California.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

James P. HawleyAndrew T. Williams
Published by John Hopkins University Press
ISBN 10: 0812235630 ISBN 13: 9780812235630
New Quantity Available: > 20
Seller
INDOO
(Avenel, NJ, U.S.A.)
Rating
[?]

Book Description John Hopkins University Press. Book Condition: New. Brand New. Bookseller Inventory # 0812235630

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 51.17
Convert Currency

Add to Basket

Shipping: US$ 3.50
Within U.S.A.
Destination, Rates & Speeds

2.

Hawley, James P.
ISBN 10: 0812235630 ISBN 13: 9780812235630
New Quantity Available: > 20
Seller
Paperbackshop-US
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description 2000. HRD. Book Condition: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Bookseller Inventory # TU-9780812235630

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 60.45
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

3.

Hawley, James P.; Williams, Andrew T.
Published by University of Pennsylvania Press (2000)
ISBN 10: 0812235630 ISBN 13: 9780812235630
New Hardcover Quantity Available: 1
Seller
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description University of Pennsylvania Press, 2000. Hardcover. Book Condition: New. book. Bookseller Inventory # 0812235630

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 71.33
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

4.

James P. Hawley, Andrew T. Williams
Published by University of Pennsylvania Press (2000)
ISBN 10: 0812235630 ISBN 13: 9780812235630
New Hardcover Quantity Available: 1
Seller
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description University of Pennsylvania Press, 2000. Hardcover. Book Condition: New. Bookseller Inventory # DADAX0812235630

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 75.79
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

5.

James P. Hawley
ISBN 10: 0812235630 ISBN 13: 9780812235630
New Hardcover Quantity Available: 1
Seller
AussieBookSeller
(SILVERWATER, NSW, Australia)
Rating
[?]

Book Description 2000. Hardcover. Book Condition: New. 163mm x 23mm x 245mm. Hardcover. At the beginning of the twenty-first century, the structure of corporate ownership is undergoing major change. "The Rise of Fiduciary Capitalism" chronicles the rise.Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. 256 pages. 0.590. Bookseller Inventory # 9780812235630

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 84.22
Convert Currency

Add to Basket

Shipping: US$ 28.00
From Australia to U.S.A.
Destination, Rates & Speeds

6.

James P. Hawley/ Andrew T. Williams
Published by Univ of Pennsylvania Pr (2000)
ISBN 10: 0812235630 ISBN 13: 9780812235630
New Hardcover Quantity Available: 1
Seller
Revaluation Books
(Exeter, United Kingdom)
Rating
[?]

Book Description Univ of Pennsylvania Pr, 2000. Hardcover. Book Condition: Brand New. 232 pages. 9.50x6.50x0.75 inches. In Stock. Bookseller Inventory # 0812235630

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 105.88
Convert Currency

Add to Basket

Shipping: US$ 7.71
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

James P. Hawley and Andrew T. Williams
ISBN 10: 0812235630 ISBN 13: 9780812235630
New Quantity Available: 1
Seller
Castle Rock
(Pittsford, NY, U.S.A.)
Rating
[?]

Book Description Book Condition: Brand New. Book Condition: Brand New. Bookseller Inventory # 97808122356301.0

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 142.14
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds