Institutional Failures
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Corporate Governance Failures
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Author : James P. Hawley
language : en
Publisher: University of Pennsylvania Press
Release Date : 2011-04-15
Corporate Governance Failures written by James P. Hawley and has been published by University of Pennsylvania Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-15 with Business & Economics categories.
Corporate governance, the internal policies and leadership that guide the actions of corporations, played a major part in the recent global financial crisis. While much blame has been targeted at compensation arrangements that rewarded extreme risk-taking but did not punish failure, the performance of large, supposedly sophisticated institutional investors in this crisis has gone for the most part unexamined. Shareholding organizations, such as pension funds and mutual funds, hold considerable sway over the financial industry from Wall Street to the City of London. Corporate Governance Failures: The Role of Institutional Investors in the Global Financial Crisis exposes the misdeeds and lapses of these institutional investors leading up to the recent economic meltdown. In this collection of original essays, edited by pioneers in the field of fiduciary capitalism, top legal and financial practitioners and researchers discuss detrimental actions and inaction of institutional investors. Corporate Governance Failures reveals how these organizations exposed themselves and their clientele to extremely complex financial instruments, such as credit default swaps, through investments in hedge and private equity funds as well as more traditional equity investments in large financial institutions. The book's contributors critique fund executives for tolerating the "pursuit of alpha" culture that led managers to pursue risky financial strategies in hopes of outperforming the market. The volume also points out how and why institutional investors failed to effectively monitor such volatile investments, ignoring relatively well-established corporate governance principles and best practices. Along with detailed investigations of institutional investor missteps, Corporate Governance Failures offers nuanced and realistic proposals to mitigate future financial pitfalls. This volume provides fresh perspectives on ways institutional investors can best act as gatekeepers and promote responsible investment.
The Descent Of Nations
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Author : Hamza Bahar
language : en
Publisher:
Release Date : 2020-07-07
The Descent Of Nations written by Hamza Bahar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-07 with categories.
This book is about pointing out some major issues and problems built up over time in a modern-day nation and its institutions which lead it towards failure. It defines the set of disturbing patterns of institutions of a failing state. The book highlights some of the institutional failures caused by the selfishness, ignorance and incompetency of the people belonging to the institutions. Most of the nations can never sustain such failures for a longer-term.
The Causes And Costs Of Depository Institution Failures
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Author : Allin F. Cottrell
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Causes And Costs Of Depository Institution Failures written by Allin F. Cottrell 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 2012-12-06 with Business & Economics categories.
One of the major financial market events of the 1980s was the precipitous rise of depository institution failures including banks, savings and loan associations, and credit unions. Not since the 1930s has there been a similar period of turmoil in these industries. The events of the 1980s have inspired a renewed interest in the causes and cost of financial institution failure and several questions that had seldom been asked in the post-World War II economics literature have resurfaced Why do financial institutions fail? What are the costs of their failure? How do they differ from other firms and industries? What are the implications for financial market regulation? The Causes and Costs of Depository Institution Failures critically surveys and extends previous analyses of these questions. Audience: Scholars and researchers in the areas of money and banking, financial institutions, and financial markets, as well as regulators and policymakers.
The Politics Of Institutional Failure In Madagascar S Third Republic
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Author : Richard R. Marcus
language : en
Publisher: Lexington Books
Release Date : 2016-02-10
The Politics Of Institutional Failure In Madagascar S Third Republic written by Richard R. Marcus and has been published by Lexington Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-10 with Political Science categories.
Madagascar’s constitution of August 19, 1992 brought hope to a population exhausted by economic failures associated with a failed experiment in scientific socialism and years of mismanagement. The repetition of transparent elections and the promulgation of “good governance” in the years that followed appeared to serve as an indicator of institutional strengthening and, by extension, progress. Unfortunately, a broader institutional analysis points toward a series of shocks to the political system by way of legal, but highly detrimental, juridical and constitutional shifts to the system. These shocks were meant to serve particularized political networks with long clientalistic roots and were made possible by the narrow vision of institutionalism that did not take careful stock of those networks or the leaders at the top of them. Little effort was made to look beyond a legislature brought in by careful elections but producing legislation serving individuals, the ways in which inchoate political parties distort institutional outcomes and the potential for institutionalization, the weakness of civil society to offer opportunities for popular engagement, or the use of donor-funded decentralization programs to build ministries that served as powerful and rapid proxies for leadership centralization. By the time the celebrated president, Marc Ravalomanana, was overthrown in March 2009 it became clear that there were few opportunities to seed political opposition and such limited space between individual leaders and primary institutions of public management that critical state functions immediately began to unravel. In this book the author considers the institutions of the Third Republic, how they formed, and why they looked like models for democratic change before turning to consider how the institutions themselves have been manipulated in plain sight by leaders looking to champion their own networks. He concludes that the rise of the Fourth Republic in 2010 did little to address these underlying concerns and argues that a new agenda is in order to consider not just the way in which institutions form, but the way in which networks of power, and leaders at the top of those networks, grow and change malleable institutions in young democracies with few avenues of accountability.
Resolving Bank Failures And Institutions Is There A Link Some Empirical Evidence
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Author : Marlon Rawlins
language : en
Publisher: International Monetary Fund
Release Date : 2021-08-06
Resolving Bank Failures And Institutions Is There A Link Some Empirical Evidence written by Marlon Rawlins and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-06 with Business & Economics categories.
Policymakers across countries have been seeking to strengthen the institutional framework to control fiscal costs and feedback effects to the real economy generated by bank failures. On a cross-section of countries, we find evidence that suggests that bank supervisors’ intervention in bank failures may be positively associated with some aspects of the administrative and regulatory framework. Our results appear to hold also during times of financial instability. Finally, we find some evidence that the same institutional features may be associated with lower fiscal outlays during banking crises.
Institutional Failures Of Socialism
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Author : Panagiotis Evangelopoulos
language : en
Publisher:
Release Date : 2009
Institutional Failures Of Socialism written by Panagiotis Evangelopoulos 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.
An effective economic system enlists the co-operation of all production factors, increasing welfare and reducing transactions costs. The co-ordination mechanism is activated through decentralisation that shifts decisions on resource control from a higher to a lower level in the institutional hierarchy. Failure to incorporate successful decentralisation into the structure of socialist economies ultimately leads to collapse. Real socialism collapsed because it did not involve decentralisation. Worker-managed socialism collapsed because of its own inherent contradictions and the absence of properly functioning decentralised price mechanisms.
Institutional Failures
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Author : Howard M. Wasserman
language : en
Publisher: Routledge
Release Date : 2016-05-23
Institutional Failures written by Howard M. Wasserman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-23 with Law categories.
The authors of this new collection argue that the many features of the now-infamous Duke University men’s lacrosse controversy are best understood in the context of the three major socio-legal institutions in which the drama played out. The legal system, Duke University, and the news media all struggled to respond to and handle the case, tinged as the events were with race, sex, violence, class, privilege, and notions and perceptions about sports. The problems, missteps, mistakes, and injustice in the case resulted from each institution's failure to operate properly, from the incentives built into each institution that affected individual behavior, and from the inability of each institution to communicate and cooperate with the others. To understand the Duke lacrosse controversy is to study these institutions and to answer questions about the performance of each-to learn what each did right and wrong and why, and to consider how each can improve in the future. By examining the actions of these institutions and the individuals within them, these essays consider the role each played in the case, how each contributed to the crisis and to its resolution, the ways in which they interacted with one another, and the lessons this case teaches about the appropriate functioning of each institution.
How To Respond Better To The Next Pandemic
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Author : Allen Buchanan
language : en
Publisher: University of Utah Press
Release Date : 2024-01-31
How To Respond Better To The Next Pandemic written by Allen Buchanan and has been published by University of Utah Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-31 with Medical categories.
Reconsidering COVID-19 public policy
Praktik
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Author :
language : en
Publisher:
Release Date : 1957
Praktik written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1957 with categories.
Government Failure
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Author : Wilfred Dolfsma
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-01-01
Government Failure written by Wilfred Dolfsma 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 Political Science categories.
'Starting from the idea that market and state are intertwined domains, and explaining the economy as a system of communication evolving through innovation, this excellent book makes a valuable contribution to understanding government rule setting in knowledge-based economies. It provides a taxonomy of ways in which government rules function more or less successfully, and addresses the important problem of institutional vulnerability. Intellectual property rights laws and reform of health care systems are perceptively discussed. This book is strongly recommended for public policy experts and researchers investigating the publicprivate economy.' John Davis, Marquette University, US and University of Amsterdam, The Netherlands 'Since the 1970s the conventional wisdom has been that governments should retreat from the economic sphere and enhance the role of markets. The financial crash of 2008 has brought that into question. This stimulating set of essays considers the role of government in modern complex economies. Addressing the potential for both government failure and market failure, and drawing on empirical evidence, these studies are important contributions to a revived debate.' Geoffrey M. Hodgson, University of Hertfordshire, UK 'The idea that governments as well as markets can fail has been central to the public choice literature for the last half century. Typically government failure is described and measured as excessive expenditures or unbalanced budgets. This original book points out that government failures often take the form of inappropriate or inconsistent rules governing the private sector. The argument is nicely illustrated using real-world examples in the areas of healthcare, innovation, and intellectual property. The book is a timely and important contribution to the literature.' Dennis C. Mueller, University of Vienna, Austria This highly unique book takes a fundamental look at when and how a government can fail at its core responsibility of formulating rules. Government, representing society, relates to the economy by formulating the rules within which (market) players should operate. Although market and business failure are much discussed in the economics literature, government failure is often overlooked. This book addresses this gap, exploring in detail what constitutes government failure. Wilfred Dolfsma illustrates that it is not adequate to discuss government failure simply with reference to its level of expenditure, as is usually the case. Defining government failure and analysing it in the domains of health care, innovation and technology, he explores topics such as how market and society relate, consequences of conflicts between government policies, how government should (not) intervene, the vulnerability of institutions and rules (set out by government), and suggests a welfare perspective for evaluative purposes. This stimulating and thought provoking book will prove a fascinating read for academics, researchers and advanced students in economics particularly public choice and institutional economics public administration, policy studies, and law and economics.
