Fligstein, Neil; Shin, Taek-Jin - Institute for Research on Labor and Employment (IRLE), … - 2005
occurred in sectors where economic conditions were not good in line with shareholder value arguments. Mergers subsequently led … to layoffs, consistent with the shareholder value perspective that emphasizes that firms needed to deploy their resources … led to increased profits. This suggests that shareholder value ideology was not, by itself, successful in righting the …