Governing The Modern Corporation
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Governing The Modern Corporation
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Author : Roy C. Smith
language : en
Publisher: Oxford University Press
Release Date : 2006-01-12
Governing The Modern Corporation written by Roy C. Smith and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-12 with Business & Economics categories.
Nearly seventy years after the last great stock market bubble and crash, another bubble emerged and burst, despite a thick layer of regulation designed since the 1930s to prevent such things. This time the bubble was enormous, reflecting nearly twenty years of double-digit stock market growth, and its bursting had painful consequence. The search for culprits soon began, and many were discovered, including not only a number of overreaching corporations, but also their auditors, investment bankers, lawyers and indeed, their investors. In Governing the Modern Corporation, Smith and Walter analyze the structure of market capitalism to see what went wrong. They begin by examining the developments that have made modern financial markets--now capitalized globally at about $70 trillion--so enormous, so volatile and such a source of wealth (and temptation) for all players. Then they report on the evolving role and function of the business corporation, the duties of its officers and directors and the power of its Chief Executive Officer who seeks to manage the company to achieve as favorable a stock price as possible. They next turn to the investing market itself, which comprises mainly financial institutions that own about two-thirds of all American stocks and trade about 90% of these stocks. These investors are well informed, highly trained professionals capable of making intelligent investment decisions on behalf of their clients, yet the best and brightest ultimately succumbed to the bubble and failed to carry out an appropriate governance role. In what follows, the roles and business practices of the principal financial intermediaries--notably auditors and bankers--are examined in detail. All, corporations, investors and intermediaries, are found to have been infected by deep-seated conflicts of interest, which add significant agency costs to the free-market system. The imperfect, politicized role of the regulators is also explored, with disappointing results. The entire system is seen to have been compromised by a variety of bacteria that crept in, little by little, over the years and were virtually invisible during the bubble years. These issues are now being addressed, in part by new regulation, in part by prosecutions and class action lawsuits, and in part by market forces responding to revelations of misconduct. But the authors note that all of the market's professional players--executives, investors, experts and intermediaries themselves--carry fiduciary obligations to the shareholders, clients, and investors whom they represent. More has to be done to find ways for these fiduciaries to be held accountable for the correct discharge of their duties.
Global Modern Corporate Governance Principles And Models After World Economic Crisis Part I
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Author : Dinh Tran Ngoc Huy MBA
language : en
Publisher: Partridge Publishing Singapore
Release Date : 2019-12-09
Global Modern Corporate Governance Principles And Models After World Economic Crisis Part I written by Dinh Tran Ngoc Huy MBA and has been published by Partridge Publishing Singapore this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-09 with Business & Economics categories.
Several financial crises passed, in 1997-1999 and 2007-2009, left lessons for worldwide management control, accounting practice and internal system problems for corporations both in Viet Nam and in the world. It is one of the reasons for this book’s presence. The book cover the subject of corporate governance in theories and practices in regions: Asia Pacific, Europe, Africa and America, after recent time of crisis and corporate scandals over the world, including Viet Nam, which affect our economy, society, work and life balance. The recent trend is shown in its title for part one: Theories and Practices on Corporate Governance Issues and Standards after Financial Crisis. Our own comparative analysis and research is shown in part two and part three of this book. In this edition, the book has some updated information in: adding a new implementation form for corporate governance, as well as proposed new case questions for academic purpose. Welcome any ideas from readers.
The Modern Firm Corporate Governance And Investment
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Author : Per-Olof Bjuggren
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009-01-01
The Modern Firm Corporate Governance And Investment written by Per-Olof Bjuggren and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-01 with Business & Economics categories.
This book explores the revolutionary development of the theory of the firm over the past 35 years. Despite rapid progress in the field, new developments in the microeconomic and industrial organization literature have been relatively scant. This book attempts to redress the balance by providing a comprehensive overview of the theory of the firm before moving on to explore firms and the organization of their economic activities. The contributors investigate the impact of ownership structure and board composition on firm performance, and examine how the institutional framework of an economy affects investment decisions. More specifically, detailed studies of topics including contracts, authority, competence blocs, institutional impacts and corporate governance mechanisms are presented. This unique blend of financial economics and industrial organization perspectives on the corporate firm will prove a stimulating read for scholars and researchers of economics, business administration and law.
Corporate Governance
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Author : Sabri Boubaker
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-18
Corporate Governance written by Sabri Boubaker and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-18 with Business & Economics categories.
The current crisis has rocked the financial system worldwide and has cast doubt on the effectiveness of the existing regulatory regime. Thousands of firms have gone bankrupt and many financial institutions were bailed out by governments. The effects of the crisis have shaken emerging and developing markets alike and have not spared neither small nor large businesses. Many scholars and practitioners attribute the roots of the crisis to failures and weaknesses in the way corporate governance has been practiced since the mid-1990s. Lax board oversight of top management, short-termism and self-interested behavior have been fingered as the culprits behind recent financial turmoil. This book highlights the recent developments and new trends in corporate governance. The eighteen chapters, written by leading academics and experts, can assist corporate executives, governance bodies, investors, market regulators, and policymakers in having a global picture of major corporate governance issues. This book highlights the recent developments and new trends in corporate governance. The eighteen chapters, written by leading academics and experts, can assist corporate executives, governance bodies, investors, market regulators, and policymakers in having a global picture of major corporate governance issues.
Corporate Governance
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Author : John Hynes Farrar
language : en
Publisher:
Release Date : 2005
Corporate Governance written by John Hynes Farrar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Law categories.
Corporate Governance in Australia and New Zealand 2e is a fully updated, comprehensive study of the law and practice of corporate governance in an international setting but with particular reference to Australia and New Zealand.
Governance In The Digital Age
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Author : Brian Stafford
language : en
Publisher: John Wiley & Sons
Release Date : 2019-04-16
Governance In The Digital Age written by Brian Stafford and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-16 with Business & Economics categories.
A new edition of the #1 text in the human computer Interaction field! This book seeks to chart the technology-fueled changes taking place in the field of corporate governance and describes the impact these changes are having on boards and the enterprises they govern. It also describes what the future could look like once companies truly embrace the power of technology to change governance. Additionally, this book will provide a set of "suggested action steps" for companies and their boards focused on ways they can leverage technology tools to enhance governance immediately. Through a review of the latest governance research, interviews with key thought leaders, and case studies of enterprises that have embraced governance technology, readers will be armed with new insights and approaches they can take to enhance the work of their boards and senior leaders to reach new levels of performance. Explains how to use design and evaluation techniques for developing successful interactive technologies Demonstrates, through many examples, the cognitive, social and affective issues that underpin the design of these technologies Provides thought-provoking design dilemmas and interviews with expert designers and researchers Uses a strong pedagogical format to foster understanding and enjoyment An accompanying website contains extensive additional teaching and learning material including slides for each chapter, comments on chapter activities, and a number of in-depth case studies written by researchers and designers.
Corporate Governance The Firm And Investor Capitalism
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Author : Alexander Styhre
language : en
Publisher: Edward Elgar Publishing
Release Date : 2016-10-28
Corporate Governance The Firm And Investor Capitalism written by Alexander Styhre and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-28 with Business & Economics categories.
The shift from managerial capitalism to investor capitalism, dominated by the finance industry and finance capital accumulation, is jointly caused by a variety of institutional, legal, political, and ideological changes, beginning with the 1970s’ downturn of the global economy. This book traces how the incorporation of businesses within the realm of the state leads to both certain benefits, characteristic of competitive capitalism, and to the emergence of new corporate governance problems emerges. Contrasting economic, legal, and managerial views of corporate governance practices in contemporary capitalism, the author examines how corporate governance has been understood and advocated differently during the New Deal era, the post-World War II economic boom, and the after 1980 in the era of free market advocacy.
Reframing Corporate Governance
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Author : Javier Reyes
language : en
Publisher: Edward Elgar Publishing
Release Date : 2018-11-29
Reframing Corporate Governance written by Javier Reyes and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-29 with BUSINESS & ECONOMICS categories.
This stimulating book offers an astute analysis of corporate governance from both a historical and a philosophical point of view. Exploring how the modern corporation developed, from Ancient Rome and the Middle Ages up to the present day, Javier Reyes identifies the strengths and weaknesses of the mainstream theory of the firm as put forward by the law and economics school of thought.
Political Power And Corporate Control
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Author : Peter A. Gourevitch
language : en
Publisher: Princeton University Press
Release Date : 2010-06-20
Political Power And Corporate Control written by Peter A. Gourevitch and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-20 with Business & Economics categories.
Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.
The Modern Corporation Its Mechanism Methods Formation And Management
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Author : Thomas Conyngton
language : en
Publisher: Legare Street Press
Release Date : 2023-07-18
The Modern Corporation Its Mechanism Methods Formation And Management written by Thomas Conyngton and has been published by Legare Street Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-18 with categories.
This classic business text by Thomas Conyngton explores the structure and function of modern corporations. Originally published in 1904, it is still relevant today as a critical study of corporate governance, management, and finance. The book covers topics such as stocks and bonds, mergers and acquisitions, and the role of directors and shareholders. A must-read for anyone interested in business history and theory. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.