How National Corporate Governance Systems Affect Global Integration
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How National Corporate Governance Systems Affect Global Integration
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Author : Ruth V. Aguilera
language : en
Publisher:
Release Date : 2004
How National Corporate Governance Systems Affect Global Integration written by Ruth V. Aguilera and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Boards of directors categories.
How National Corporate Governance Systems Affect Global Integration
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Author : Ruth V. Aguilera
language : en
Publisher:
Release Date : 2009
How National Corporate Governance Systems Affect Global Integration written by Ruth V. Aguilera and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Multinational companies (MNCs) vary in both their use of global strategy and in the systems of corporate governance in which they operate. In this paper, we develop a theoretical framework and set of propositions to show that differences in national corporate governance systems will influence the behavior of corporate actors, which in turn explains the ability of MNCs to achieve global integration. In particular, we conceptualize our comparative model for MNCs by drawing on an actor-centered institutional theory perspective, focusing on five key governance actors: employees, shareholders, boards of directors, top management teams, and governments, to predict MNC's ability to achieve global integration in terms of global strategy and organization. We show that despite increasing convergence pressures, nationally embedded institutional characteristics continue to shape the globalization strategies of multinational companies.
The Globalization Of Corporate Governance
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Author : Alan Dignam
language : en
Publisher: Routledge
Release Date : 2016-03-09
The Globalization Of Corporate Governance written by Alan Dignam and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-09 with Law categories.
The process of economic globalization, as product and capital markets have become increasingly integrated since WWII, has placed huge, and it is argued by some, irresistible pressures on the world's 'insider' stakeholder oriented corporate governance systems. Insider corporate governance systems in countries such as Germany, so the argument goes, should converge or be transformed by global product and capital market pressures to the 'superior' shareholder oriented 'outsider' corporate governance model prevalent in the UK and the US. What these pressures from globalization are, how they manifest themselves, whether they are likely to cause such a convergence/transformation and whether these pressures will continue, lie at the heart of the exploration in this volume. The Globalization of Corporate Governance provides a detailed analysis of the evolution of the key corporate governance systems in the UK, the US and Germany from the perspective of the development of economic globalization. As such it is a valuable resource for those interested in how economic and legal reforms interact to produce change within corporate governance systems.
Financial Integration Corporate Governance And The Performance Of Multinational Companies
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Author : Mitsuhiro Fukao
language : en
Publisher: Transaction Publishers
Release Date : 1995
Financial Integration Corporate Governance And The Performance Of Multinational Companies written by Mitsuhiro Fukao and has been published by Transaction Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
The increased globalization of production processes and the integration of the world's financial markets have placed considerable pressures on companies to reevaluate their governance structures. These structures, which vary from country to country, affect everything from financial fluidity and competitiveness to rules on insider trading, takeover, and accounting and disclosure practices. Should a single model of corporate governance be adopted as a world standard? In this book, part of the Integrating National Economies series, Mitsuhiro Fukao argues against the impulse to adopt a single system of corporate governance. He provides a comprehensive comparison of corporate governance structures in France, Germany, Japan, the United Kingdom, and the United States, outlining the advantages of each type of structure and analyzing the important behavioral differences among them. He explains the order of importance of various stakeholders - creditors, top executives, core employees, and shareholders - the cost of capital, and the use of labor in each country. Given the different advantages of the various systems and their deeply rooted institutional backgrounds, Fukao contends that it is neither desirable nor feasible to adopt a single model of governance as the world standard. Instead, each country should allow various complementary forms of governance in order to create healthy competition among companies and more efficient corporate structures.
The Nature Of Corporate Governance
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Author : Janet Dine
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-01-01
The Nature Of Corporate Governance written by Janet Dine 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 2013-01-01 with Business & Economics categories.
This book presents a thoughtful inquiry into the nature and rationale of corporate governance. The authors address fundamental questions including; What is the balance between ownership and control?; For whose interests should the company be run?; What is the institutional balance between shareholders, directors and other potential stakeholders, including the economy? Professor Dine and Dr Koutsias consider how these issues are dealt with by the jurisprudence of three major and greatly influential jurisdictions; the USA, the UK, and Germany, and also reflect on why and how the current corporate governance context in some states is defined by social, political and historical developments. The authors argue that corporate governance is crucial for the identity of each country. What is revealed in the work is that when national corporate governance is thriving it allows space for democracy to flourish. Corporate governance scholars, policy makers, LLM and LLB students of company law and corporate governance, NGOs involving issues of inequality, poverty and democracy will find this important book an insightful resource.
Corporate Governance And Capital Flows In A Global Economy
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Author : Peter Cornelius
language : en
Publisher: Oxford University Press, USA
Release Date : 2003
Corporate Governance And Capital Flows In A Global Economy written by Peter Cornelius and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, the book is for anyone interested in financial crises, international risk management and global competitiveness.
Institutional Approach To Global Corporate Governance
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Author : J. Jay Choi
language : en
Publisher: Emerald Group Publishing
Release Date : 2008-11-01
Institutional Approach To Global Corporate Governance written by J. Jay Choi and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-11-01 with Business & Economics categories.
Contains papers examining issues concerning the effects of national and international institutional factors on corporate governance and performance. This volume focuses on the relevance of national business systems alongside industrial and institutional infrastructure to assess the efficacy of corporate governance regimes.
Corporate Governance In Less Developed And Emerging Economies
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Author : Matthew Tsamenyi
language : en
Publisher: Emerald Group Publishing
Release Date : 2008-12-01
Corporate Governance In Less Developed And Emerging Economies written by Matthew Tsamenyi and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-01 with Business & Economics categories.
Corporate governance reform has become an important global policy agenda driven by events such as the 1997 Asian financial crisis, corporate scandals (such as Enron and WorldCom) and the globalisation of capital markets. This book advances debate on corporate governance, accountability and transparency in less developed and emerging economies.
Convergence And Persistence In Corporate Governance
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Author : Jeffrey N. Gordon
language : en
Publisher: Cambridge University Press
Release Date : 2004-04-08
Convergence And Persistence In Corporate Governance written by Jeffrey N. Gordon and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-04-08 with Law categories.
Corporate governance is on the reform agenda all over the world. How will global economic integration affect the different systems of corporate ownership and governance? Is the Anglo-American model of shareholder capitalism destined to become the template for a converging global corporate governance standard or will the differences persist? This reader contains classic work from leading scholars addressing this question as well as several new essays. In a sophisticated political economy analysis that is also attuned to the legal framework, the authors bring to bear efficiency arguments, politics, institutional economics, international relations, industrial organization, and property rights. These questions have become even more important in light of the post-Enron corporate governance crisis in the United States and the European Union's repeated efforts at corporate integration. This will become a key text for postgraduates and academics.
International Competition Between Corporate Governance
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Author : Blanca-Monica Panqueva-Bernal
language : en
Publisher: Cuvillier Verlag
Release Date : 2006-02-01
International Competition Between Corporate Governance written by Blanca-Monica Panqueva-Bernal and has been published by Cuvillier Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-02-01 with Social Science categories.
This dissertation has shown that indeed the internationalization of production systems and the globalization of the markets for goods, services and capital have triggered and intensified the competition between corporate governance systems. Similar to the competition in other economic areas, where, for example, domestic goods and factor prices tend to converge to the world prices after opening to international competition, over the years the traditionally diverse corporate governance systems have become more homogeneous. The elements, provisions and aspects where convergence has made more progress are: boards’ form and functions, strong minority shareholders’ rights, universal banking systems, bankruptcy law, the capital market as an important corporate financing source, investor-oriented accounting standards (e.g. IFRS) and employee ownership as a means to motivate staff to undertake firm-specific investments. However, convergence does not mean that the national systems have equally moved towards each other, rather the Principal-Agent model, followed by the USA, has prevailed. The main reason for the dominance of the Principal-Agent model seems to be the preponderance of the US-economy, particularly on global financial markets. Although this is not a topic of this dissertation, in the last two decades a competition between capital market- and bank-centered financial systems can be observed. The capitalmarket centered financial system, recommended by the Principal-Agent model, has gained importance, whereas the traditional leading position of credit institutions has impressively decreased.