We explain how the analysis of state-owned multinational companies (SOMNCs) can help extend the literature in two ways. First, we cross-fertilize the international business (IB) and state-owned enterprise (SOE) literatures in their analysis of foreign investment behavior and introduce two...

In this we paper we explain why maximizing shareholder value should be the sole objective function for governing the corporation and why that objective function is, on balance, good for all stakeholders. Shareholder value maximization is the ideal corporate goal because it is the best among all...