Ownership And Control
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Corporate Ownership And Control
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Author : Shalini Perera
language : en
Publisher: World Scientific
Release Date : 2011
Corporate Ownership And Control written by Shalini Perera and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
The governance of companies is of importance to developing countries due to the link between effective corporate governance and economic development. Ownership and control of public companies, except in the US and UK, is often in the hands of a few individuals, families or corporate groups and impact on corporate governance and economic development.Using Sri Lanka as an illustrative example, Corporate Ownership and Control sets out the implications of corporate ownership and control structures on the governance of companies, and suggests a reform agenda to meet the challenges posed by such structures. Any analysis into the reform of corporate governance in developing countries should begin with a focus on the local market structures that define its adaptation and effectiveness. The issues explored in the book provide an insight into ownership and control structures in Sri Lanka, the costs and benefits of such structures, and the necessary reform framework to promote effective corporate governance. The analysis can be used to both understand the impact of ownership structures on corporate governance, and suggest how corporate governance issues arising from such structures should be resolved in order to promote economic development and growth.
Ownership And Control
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Author : Margaret M. Blair
language : en
Publisher: Brookings Institution Press
Release Date : 1995
Ownership And Control written by Margaret M. Blair and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
Reviews how the institutional arrangements for the governance of public corporations in the United States are supposed to work, in theory and in law. Lays out the economic rationale for these arrangements. Assesses two partially conflicting arguments as to why the existing system might not be performing. Presents the view emphasis on the powers and rights of shareholders leads to underinvestment by other stakeholders and thus diminishes potential corporate wealth creation.
Minister Of Finance Incorporated
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Author : Edmund Terence Gomez
language : en
Publisher: Springer
Release Date : 2017-07-24
Minister Of Finance Incorporated written by Edmund Terence Gomez and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-24 with Political Science categories.
This is a study of Malaysia’s new political economy, with a focus on ownership and control of the corporate sector. It offers a pioneering assessment of government-linked investment companies (GLICs), a type of state-owned institution that has long prevailed in the corporate sector but has not been analysed. Malaysia’s history of government-business ties is unique, while the nature of the nexuses between the state and the corporate sector has undergone major transitions. Corporate power has shifted from the hands of foreign firms to the state to the ruling party, and well-connected businessmen, and back to the state. Corporate wealth is now heavily situated in the leading publicly-listed government-linked companies (GLCs), controlled through block shareholdings by a mere seven GLICs under the jurisdiction of the Minister of Finance. To indicate why these GLICs are important actors in Corporate Malaysia, this study provides a deep assessment of their ownership and control of Bursa Malaysia’s top 100 publicly-listed enterprises.
Resilient Organizations
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Author : Guia Beatrice Pirotti
language : en
Publisher: Cambridge University Press
Release Date : 2016-12-22
Resilient Organizations written by Guia Beatrice Pirotti 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 2016-12-22 with Business & Economics categories.
This book studies the development of organizational resilience in the wake of a crisis.
Ownership And Control
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Author : Margaret M. Blair
language : en
Publisher: Transaction Publishers
Release Date : 1995
Ownership And Control written by Margaret M. Blair 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.
This book is a guide through the historical, legal and institutional background of corporate governance debates. It explains the three broad views on the relationship among the governance, performance, and competitiveness of corporations. Blair argues that the suspicion that financial interests may be at odds with social goals lurks behind some of the more heated debates, particularly those surrounding anti-takeover laws, executive compensation schemes, and the growing activism of financial institutions.
Political Determinants Of Corporate Governance
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Author : Mark J. Roe
language : en
Publisher: OUP Oxford
Release Date : 2003
Political Determinants Of Corporate Governance written by Mark J. Roe and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
Before a nation can produce, it must achieve social peace. That social peace has been reached in different nations by differing means, some of which have then been embedded in business firms, in corporate ownership patterns, and in corporate governance structures. The large publicly held, diffusely owned firm dominates business in the United States despite its infirmities, namely the frequently fragile relations between stockholders and managers. But in other economically advanced nations, ownership is not diffuse but concentrated. It is concentrated in no small measure because the delicate threads that tie managers to shareholders in the public firm fray easily in common political environments, such as those in the continental European social democracies. Social democracies press managers to stabilize employment, to forego some profit-maximizing risks with the firm, and to use up capital in place rather than to downsize when markets no longer are aligned with the firm's production capabilities. Since managers must have discretion in the public firm, how they use that discretion is crucial to stockholders, and social democratic pressures induce managers to stray farther than otherwise from their shareholders' profit-maximizing goals. Moreover, the means that align managers with diffuse stockholders in the United States-incentive compensation, hostile takeovers, and strong shareholder-wealth maximization norms-are weaker and sometimes denigrated in continental social democracies.Hence, public firms there have higher managerial agency costs, and large-block shareholding has persisted as shareholders' best remaining way to control those costs. Social democracies may enhance total social welfare, but if they do, they do so with fewer public firms than less socially responsive nations. The author therefore uncovers not only a political explanation for ownership concentration in Europe, but also a crucial political prerequisite to the rise of the public firm in the United States, namely the weakness of social democratic pressures on the American business firm.
The Control Of Corporate Europe
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Author : Fabrizio Barca
language : en
Publisher: Oxford University Press, USA
Release Date : 2001
The Control Of Corporate Europe written by Fabrizio Barca 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 2001 with Business & Economics categories.
Written by an international team of authors, this book provides the first systematic account of the control of corporate Europe based on voting block data disclosed in accordance with the European Union's Large Holdings Directive (88/627/EEC). The study provides detailed information on the voting control of companies listed on the official markets in Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, the United Kingdom, and, as a benchmark comparison, the United States. The authors record a high concentration of control of corporations in many European countries with single blockholders frequently controlling more than fifty per cent of corporate votes. In contrast, a majority of UK listed companies have no blockholder owning more than ten per cent of shares, and a majority of US listed companies have no blockholder with more than six per cent of shares. Those chapters devoted to individual countries illustrate how blockholders can use legal devices to leverage their voting power over their cash-flow rights, or how incumbents prevent outsiders from gaining voting control. It is shown that the cultural and linguistic diversity of Europe is (almost) matched by its variety of corporate control arrangements.
The Costs And Benefits Of Ownership
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Author : Sanford J. Grossman
language : en
Publisher:
Release Date : 1984
The Costs And Benefits Of Ownership written by Sanford J. Grossman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business enterprises categories.
Corporate Control Corporate Power
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Author : Edward S. Herman
language : en
Publisher: Cambridge University Press
Release Date : 1981-04-24
Corporate Control Corporate Power written by Edward S. Herman 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 1981-04-24 with Business & Economics categories.
Deep and detailed research into the workings of corporate enables Professor Herman to throw considerable light on how the board of directors operates, how important outside directors are, how new members are selected, and how multiple directorships interlock the large corporations. Throughout the book the author contrasts the power of the managers with that of other interest groups - bankers, family - and he concludes that power lies with the managers. But this has not changed the basic objectives of the corporation - the pursuit of growth and profits - nor has it enhanced social responsibility. After thorough investigation Edward Herman concludes that government regulation has done surprisingly little to reduce the autonomy of the corporation. Just as the influence of bankers and investors has been resisted, so has the effect of regulation. Improved communications and controls, geographic dispersion, and the enhanced adaptability and mobility of the large corporation have all played a part in maintaining corporate power and managerial control. Corporate Control, Corporate Power will be essential reading for executives, policy makers, regulators, and all those concerned to make the corporation more responsible and accountable.
The Changing Face Of Corporate Ownership
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Author : Michael J. Rubach
language : en
Publisher: Routledge
Release Date : 2013-10-28
The Changing Face Of Corporate Ownership written by Michael J. Rubach and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-28 with Business & Economics categories.
This book examines the shareholder activism of institutional investors, and the effect of this activism on portfolio performance. By focusing on 118 institutional investors headquartered in the United States, the book is unique in addressing the shareholder activism of a large sample. Institutional shareholder activism is defined to include both traditional mechanisms of influence (i.e. filing shareholder proposals) and relationship investing. Institutional owners included private and public pension funds, mutual funds, bank trusts, insurance companies, endowments, and foundations. These institutional owners differ substantially, and these differences lead institutions to use their ownership power to pursue different philosophies and actions. Some institutions follow a passive governance policy, While others adopt an activist role. This book seeks to answer four questions: (1) Are institutional owners actively involved in the strategic affairs of companies in their portfolios? (2)Which forms of activism do institutional owners employ (either confrontational mechanisms, such as filing shareholder proposals, or relationship building mechanisms)? (3)Which forms of activism employed are most effective? and (4) Does the institutional type affect its pursuit of shareholder activism? In answering these questions the author suggests new important results that in many cases are contrary to what prior reports of the activities by a small number of institutional owners may intimate.