Books > Business & Economics > Business & management > Business ethics
|
Buy Now
Private Equity Globalisation - Ethical Business Challenges (Paperback)
Loot Price: R2,080
Discovery Miles 20 800
You Save: R610
(23%)
|
|
Private Equity Globalisation - Ethical Business Challenges (Paperback)
Expected to ship within 12 - 17 working days
|
This book aims to fill a gap in existing literature in order to
contribute to the understanding of the main features and outcomes
of the private equity business model that has already been spread
around the world. Private equity funds have been drivers of the
financialisation of the global economy. Lying at the juncture of
the real economy and the shadow banking system, private equity
funds draw upon capital and debt to acquire stakes in companies
that are intended to be sold for profit after a number of years.
Indeed, these institutional investors have a key role in the
diversification of global investments. Although US private equity
firms are still dominant, the global private equity industry has
been mainly moving toward Europe and the Asia-Pacific region. The
process of financialisation has contributed to unprecedented
social, political, and environmental challenges. In this setting,
the complexity of social and economic policy problems of the 21st
century requires the recognition of the role of private equity
globalization in the selection of investments and in the creation
of new business structures. The shifts in corporate ownership,
trough waves of mergers and acquisitions, have created new business
structures where companies are considered bundles of assets and
liabilities to be traded in order to get short-term returns.
Indeed, new investment and portfolio management practices have been
overwhelmed by the financialisation of wealth and "short-termism"
in American and European business. While private equity investors
aim to maximize their short-term returns, private equity funds turn
to be major transnational employers. The outcomes of the global
financial crisis of 2007-2008 made clear the need to redress and
redesign business models and re-balance corporate power in order to
broaden the dialogue on social responsibility. Maria Alejandra
Madi's book aims to foster a deeper understanding of the ethical
challenges related to the private equity financial engineering
model. In short, the book aims to prepare the reader for
participating in a fruitful debate. The main target is the
transformation of the global economy to a more just and sustainable
one. This book is recommended for a broad interdisciplinary
audience. Not only students in economics, management and
international business, but also policy makers, regulators,
managers and investors. Reading this book will benefit all those
who seek to better understand the complex stakes in the evolution
of the capitalist system, in the tensions between short-term profit
targets, regulatory policies, and participatory openings in
governance and social inclusion.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.