Perception of Shareholder Value in Context of the Scandinavian Model of Corporate Governance

This study examines perception of shareholder value in practice of Scandinavian corporate governance concentrating on capturing the essence of how the perception of shareholder value changes under the influence of global capital and markets, and the pressure to converge to the globally dominant Anglo-Saxon standard. While the perception of shareholder value in practice of Scandinavian corporate governance remains unique, it is indeed gradually converging to the global standard, while directors strive to find a balance by adapting to the foreign influence and concurrently by retaining a distinctive character of their practice in the tradition of Scandinavian model of corporate governance.