Professional Shareholders and Managers: is Capitalism still Capitalist?

Authors

  • Miguel Beltrán Villalva Universidad Autónoma de Madrid

Abstract

The generalization of the joint stock companies has produced the phenomenon of «the separation of ownership and control within economic enterprises»: the traditional owner, director of his company, has been substituted by the shareholders on the one hand, and by the professional managers on the other hand. The most important theories in this field purport different interpretations of the separation of ownership and control: as a transformation of capitalism that redeems it from its exploitative character or, on the contrary, as a new institutional form of capitalism that only disguises it in order to avoid the marxist critique. And there are some theories that reject any changes on the management of firms, because managers have to serve shareholders’ interests.

Author Biography

Miguel Beltrán Villalva, Universidad Autónoma de Madrid

Catedrático de sociología en la Universidad Autónoma de Madrid. De entre sus publicaciones cabe destacar los libros, La élite burocrática española (Ariel, 1977), Ideologías y gasto público en España (1814-1860) (Instituto de Estudios Fiscales, 1977), Ciencia y Sociología (CIS, 1979, 1988 y 2001), Los funcionarios ante la reforma de la Administración (CIS, Madrid 1985), La realidad social (Tecnos, 1991; 2ª Ed. 2003), La productividad de la Administración española (Ministerio de Economía, 1991), Sociedad y lenguaje (Fundación Banco Exterior, 1991), La acción pública en el régimen democrático (Centro de Estudios Políticos y Constitucionales, 2000), y Perspectivas sociales y conocimiento (Anthropos, 2000).

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Published

2008-01-01

How to Cite

Beltrán Villalva, M. (2008). Professional Shareholders and Managers: is Capitalism still Capitalist?. Spanish Journal of Sociology, (3). Retrieved from https://recyt.fecyt.es/index.php/res/article/view/64893

Issue

No. 3 (2003): Sumario Número 3

Section

Articles

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