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Full-Text Articles in Law
De Facto Shareholder Primacy, Jeff Schwartz
De Facto Shareholder Primacy, Jeff Schwartz
Utah Law Faculty Scholarship
For generations, scholars have debated the purpose of corporations. Should they maximize shareholder value or balance shareholder interests against the corporation’s broader social and economic impact? A longstanding and fundamental premise of this debate is that, ultimately, it is up to corporations to decide. But this understanding is obsolete. Securities law robs corporations of this choice. Once corporations go public, the securities laws effectively require that they maximize share price at the expense of all other goals. This Article is the first to identify the profound impact that the securities laws have on the purpose of public firms — a …
Conflicts Of Interest And Academic Research, Jorge L. Contreras, Mark Rinehart
Conflicts Of Interest And Academic Research, Jorge L. Contreras, Mark Rinehart
Utah Law Faculty Scholarship
This chapter discusses financial conflicts of interest in academic research. After exploring the definition of conflicts of interest, the chapter focuses on the manner in which conflicts are addressed by policies promulgated by the U.S. federal government, research institutions and scholarly journals. It concludes with suggestions for further research and policy analysis.