Shareholder protection, income inequality and social health

a proposed research agenda

John Ferguson (Lead / Corresponding author), David Power, Lorna Stevenson, David Collison

    Research output: Contribution to journalArticle

    1 Citation (Scopus)
    101 Downloads (Pure)

    Abstract

    This paper develops a proposed research agenda in order to highlight how corporate governance, accounting and company law are relevant to the consideration of income inequality and wider social health. To illustrate this proposed research agenda, this paper draws on corporate governance research in the law and finance tradition, as well as macro-level studies in accounting concerned with the wider corporate governance context, in order to consider the association between shareholder protection, income inequality and child mortality. Under 5 child mortality is an objective indication of a country’s ability to nurture its children. In an influential body of work, La Porta et al. (1997a, 1997b, 1998, 2008) concluded that a common law legal system which protected the interests of shareholders gave rise to better economic and social outcomes. However, drawing on corporate governance and accounting literature we contend that such a conclusion is flawed. The findings of this paper suggest that common law countries (i.e. those with the greater legal protection for investors) have worse social outcomes in terms of under-5 child mortality.
    Original languageEnglish
    Pages (from-to)253-265
    Number of pages13
    JournalAccounting Forum
    Volume41
    Issue number3
    Early online date16 Dec 2016
    DOIs
    Publication statusPublished - 1 Sep 2017

    Fingerprint

    Research agenda
    Income inequality
    Health
    Corporate governance
    Shareholder protection
    Child mortality
    Common law
    Investors
    Shareholders
    Legal protection
    Legal system
    Economics
    Law and finance
    Company law

    Cite this

    @article{78a300c71ff047da87f0dcd4d5697917,
    title = "Shareholder protection, income inequality and social health: a proposed research agenda",
    abstract = "This paper develops a proposed research agenda in order to highlight how corporate governance, accounting and company law are relevant to the consideration of income inequality and wider social health. To illustrate this proposed research agenda, this paper draws on corporate governance research in the law and finance tradition, as well as macro-level studies in accounting concerned with the wider corporate governance context, in order to consider the association between shareholder protection, income inequality and child mortality. Under 5 child mortality is an objective indication of a country’s ability to nurture its children. In an influential body of work, La Porta et al. (1997a, 1997b, 1998, 2008) concluded that a common law legal system which protected the interests of shareholders gave rise to better economic and social outcomes. However, drawing on corporate governance and accounting literature we contend that such a conclusion is flawed. The findings of this paper suggest that common law countries (i.e. those with the greater legal protection for investors) have worse social outcomes in terms of under-5 child mortality.",
    author = "John Ferguson and David Power and Lorna Stevenson and David Collison",
    note = "Funding: none",
    year = "2017",
    month = "9",
    day = "1",
    doi = "10.1016/j.accfor.2016.12.005",
    language = "English",
    volume = "41",
    pages = "253--265",
    journal = "Accounting Forum",
    issn = "0155-9982",
    publisher = "Elsevier",
    number = "3",

    }

    Shareholder protection, income inequality and social health : a proposed research agenda. / Ferguson, John (Lead / Corresponding author); Power, David; Stevenson, Lorna; Collison, David.

    In: Accounting Forum, Vol. 41, No. 3, 01.09.2017, p. 253-265.

    Research output: Contribution to journalArticle

    TY - JOUR

    T1 - Shareholder protection, income inequality and social health

    T2 - a proposed research agenda

    AU - Ferguson, John

    AU - Power, David

    AU - Stevenson, Lorna

    AU - Collison, David

    N1 - Funding: none

    PY - 2017/9/1

    Y1 - 2017/9/1

    N2 - This paper develops a proposed research agenda in order to highlight how corporate governance, accounting and company law are relevant to the consideration of income inequality and wider social health. To illustrate this proposed research agenda, this paper draws on corporate governance research in the law and finance tradition, as well as macro-level studies in accounting concerned with the wider corporate governance context, in order to consider the association between shareholder protection, income inequality and child mortality. Under 5 child mortality is an objective indication of a country’s ability to nurture its children. In an influential body of work, La Porta et al. (1997a, 1997b, 1998, 2008) concluded that a common law legal system which protected the interests of shareholders gave rise to better economic and social outcomes. However, drawing on corporate governance and accounting literature we contend that such a conclusion is flawed. The findings of this paper suggest that common law countries (i.e. those with the greater legal protection for investors) have worse social outcomes in terms of under-5 child mortality.

    AB - This paper develops a proposed research agenda in order to highlight how corporate governance, accounting and company law are relevant to the consideration of income inequality and wider social health. To illustrate this proposed research agenda, this paper draws on corporate governance research in the law and finance tradition, as well as macro-level studies in accounting concerned with the wider corporate governance context, in order to consider the association between shareholder protection, income inequality and child mortality. Under 5 child mortality is an objective indication of a country’s ability to nurture its children. In an influential body of work, La Porta et al. (1997a, 1997b, 1998, 2008) concluded that a common law legal system which protected the interests of shareholders gave rise to better economic and social outcomes. However, drawing on corporate governance and accounting literature we contend that such a conclusion is flawed. The findings of this paper suggest that common law countries (i.e. those with the greater legal protection for investors) have worse social outcomes in terms of under-5 child mortality.

    U2 - 10.1016/j.accfor.2016.12.005

    DO - 10.1016/j.accfor.2016.12.005

    M3 - Article

    VL - 41

    SP - 253

    EP - 265

    JO - Accounting Forum

    JF - Accounting Forum

    SN - 0155-9982

    IS - 3

    ER -