The ethical challenge of management buy-outs as a form of privatisation in Central and Eastern Europe

There has been a growing debate about the ethics of management buy-outs (MBOs). One possible criticism of the MBO is that it serves the interests of incumbent management at the expense of shareholders. In this paper we develop the general arguments concerning the ethical aspects of the MBO to includ...

Full description

Saved in:  
Bibliographic Details
Authors: Filatotchev, Igor (Author) ; Starkey, Ken (Author) ; Wright, Mike (Author)
Format: Electronic Article
Language:English
Check availability: HBZ Gateway
Journals Online & Print:
Drawer...
Fernleihe:Fernleihe für die Fachinformationsdienste
Published: Springer Science + Business Media B. V 1994
In: Journal of business ethics
Year: 1994, Volume: 13, Issue: 7, Pages: 523-532
Further subjects:B Expense
B Economic Activity
B Europe
B Stake
B Economic Growth
Online Access: Volltext (JSTOR)
Volltext (lizenzpflichtig)

MARC

LEADER 00000naa a22000002 4500
001 1785605410
003 DE-627
005 20220112043456.0
007 cr uuu---uuuuu
008 220112s1994 xx |||||o 00| ||eng c
024 7 |a 10.1007/BF00881297  |2 doi 
035 |a (DE-627)1785605410 
035 |a (DE-599)KXP1785605410 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
084 |a 1  |2 ssgn 
100 1 |a Filatotchev, Igor  |e VerfasserIn  |4 aut 
245 1 4 |a The ethical challenge of management buy-outs as a form of privatisation in Central and Eastern Europe 
264 1 |c 1994 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
520 |a There has been a growing debate about the ethics of management buy-outs (MBOs). One possible criticism of the MBO is that it serves the interests of incumbent management at the expense of shareholders. In this paper we develop the general arguments concerning the ethical aspects of the MBO to include other forms of buy-out beyond “going privates” and apply the analysis to MBOs as a mode of privatisation in Central and Eastern Europe (CEE). MBOs are justified in this context postperestroika as a means of incentivising economic activity by giving managers an ownership stake in former state enterprises. The actual mode of privatisation, though, raises issues of social justice and the criticism that MBOs are at the expense of the broader social good. The ethical problem for the CEE is to balance the economic gains of a move to markets with the ethical risks to the agents of these markets. 
601 |a Challenger 
650 4 |a Stake 
650 4 |a Economic Activity 
650 4 |a Expense 
650 4 |a Economic Growth 
650 4 |a Europe 
700 1 |a Starkey, Ken  |e VerfasserIn  |4 aut 
700 1 |a Wright, Mike  |e VerfasserIn  |4 aut 
773 0 8 |i Enthalten in  |t Journal of business ethics  |d Dordrecht [u.a.] : Springer Science + Business Media B.V, 1982  |g 13(1994), 7, Seite 523-532  |h Online-Ressource  |w (DE-627)270937129  |w (DE-600)1478688-6  |w (DE-576)121465284  |x 1573-0697  |7 nnns 
773 1 8 |g volume:13  |g year:1994  |g number:7  |g pages:523-532 
856 |3 Volltext  |u http://www.jstor.org/stable/25072557  |x JSTOR 
856 4 0 |u https://doi.org/10.1007/BF00881297  |x Resolving-System  |z lizenzpflichtig  |3 Volltext 
935 |a mteo 
936 u w |d 13  |j 1994  |e 7  |h 523-532 
951 |a AR 
ELC |a 1 
ITA |a 1  |t 1 
LOK |0 000 xxxxxcx a22 zn 4500 
LOK |0 001 4033664289 
LOK |0 003 DE-627 
LOK |0 004 1785605410 
LOK |0 005 20220112043456 
LOK |0 008 220112||||||||||||||||ger||||||| 
LOK |0 035   |a (DE-Tue135)IxTheo#2021-12-31#B5F05DE084BF89AACA77914814ACC84572A09D1F 
LOK |0 040   |a DE-Tue135  |c DE-627  |d DE-Tue135 
LOK |0 092   |o n 
LOK |0 852   |a DE-Tue135 
LOK |0 852 1  |9 00 
LOK |0 866   |x JSTOR#http://www.jstor.org/stable/25072557 
LOK |0 935   |a ixzs  |a ixrk  |a zota 
ORI |a SA-MARC-ixtheoa001.raw 

Similar Items

more