LEADER 04086nam 2200673Ia 450 001 9910812950403321 005 20200520144314.0 010 $a0-7914-8379-7 010 $a1-4237-4380-6 035 $a(CKB)1000000000458804 035 $a(OCoLC)461442197 035 $a(CaPaEBR)ebrary10579124 035 $a(SSID)ssj0000249655 035 $a(PQKBManifestationID)11194719 035 $a(PQKBTitleCode)TC0000249655 035 $a(PQKBWorkID)10205976 035 $a(PQKB)10998208 035 $a(MiAaPQ)EBC3407701 035 $a(OCoLC)62734688 035 $a(MdBmJHUP)muse6243 035 $a(Au-PeEL)EBL3407701 035 $a(CaPaEBR)ebr10579124 035 $a(DE-B1597)683353 035 $a(DE-B1597)9780791483794 035 $a(EXLCZ)991000000000458804 100 $a20040304d2005 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSpeculative management $estock market power and corporate change /$fDan Krier 205 $a1st ed. 210 $aAlbany $cState University of New York Press$dc2005 215 $a1 online resource (328 p.) 225 1 $aSUNY series in the sociology of work and organizations 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-7914-6349-4 320 $aIncludes bibliographical references (p. 291-309) and index. 327 $tFront Matter -- $tContents -- $tFigures And Tables -- $tAcknowledgments -- $tThe Speculative Management of Corporate Restructuring: Introduction and Overview -- $tTransactional Finance in Late-Twentieth-Century America -- $tSocial Intermediaries and the Wave of Internal Corporate Restructuring in the Late Twentieth Century -- $tFinancial Accounting as a Social Intermediary -- $tSocial Intermediation, Corporate Governance, and Financial Markets -- $tThe Rise of Corporate Restructuring, 1984?1990 -- $tThe Reign of Restructuring, 1991?1993 -- $tThe Decline and Delegitimation of Restructuring, 1994?1997 -- $tThe Speculative Management of Corporate Value: Summary and Conclusions -- $tNotes -- $tBibliography -- $tIndex 330 $aIn this timely work, Dan Krier examines the relationship between two phenomena that dominated the economic scene in the late twentieth century: the rising power of financial markets and the restructuring of American industry. He argues that corporate governance was transformed during this period into speculative teams of stock-optioned executives and activist owners. These teams encouraged a vigorous restructuring of American industry through corporate buyouts, takeovers, reengineering, and downsizing. Often portrayed in business discourse as initiatives to enhance the efficiency and long-range profitability of industrial operations, these corporate changes were, instead, primarily what Krier describes as speculative management practices, used to manipulate the trading price of corporate securities, even at the expense of operational efficiency and long-term profitability.Krier also analyzes social intermediaries?institutions that connect industrial firms to security markets and allow them to interact. He focuses on corporate governance structures composed of stock-optioned top managers, big owners, and their representatives on corporate boards; financial accounting rules and practices; and the business media that analyze corporate actions and results. 410 0$aSUNY series in the sociology of work and organizations. 606 $aCorporate governance$zUnited States 606 $aCorporate reorganizations$zUnited States 606 $aCorporations$xValuation$zUnited States 606 $aSpeculation$zUnited States 615 0$aCorporate governance 615 0$aCorporate reorganizations 615 0$aCorporations$xValuation 615 0$aSpeculation 676 $a338.7 700 $aKrier$b Dan$f1965-$01628824 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910812950403321 996 $aSpeculative management$94090527 997 $aUNINA