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Financial Overstretch: The Epochal Disturbance of the Invisible Hand of the Market by the Financial Industry

  • Peter KoslowskiEmail author
Part of the Issues in Business Ethics book series (IBET, volume 30)

Abstract

The overstraining of the shareholder-value principle, and the inversion of means and ends from the shareholder-value orientation as the means of controlling the firm’s performance to the delivery of shareholder-value as the firm’s sole purpose, resulted in overextension of the speculative side of the management remit in the lead-up to the financial crisis. Management was presented with the essentially unrealizable task of maximizing share-price growth.

Keywords

Business Ethic Mutual Fund Private Equity Credit Market Invisible Hand 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media B.V. 2011

Authors and Affiliations

  1. 1.Department of PhilosophyVU University AmsterdamAmsterdamNetherlands

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