[PDF] Convergence And Persistence In Corporate Governance eBook

Author : Jeffrey N. Gordon
Publisher : Cambridge University Press
Page : 396 pages
File Size : 39,25 MB
Release : 2004-04-08
Category : Business & Economics
ISBN : 9780521536011

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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.

Author : Jeffrey N. Gordon
Publisher :
Page : 35 pages
File Size : 12,85 MB
Release : 2017
Category :
ISBN :

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This paper, which will be the basis for a chapter in the forthcoming OXFORD HANDBOOK OF CORPORATE LAW AND GOVERNANCE (Jeffrey Gordon and Georg Ringe, eds.), surveys the extent of convergence in corporate law and governance over the past 15 years. The paper assesses the efforts to measure convergence through the coding of national legal regimes and other comparative measures, finding “divergence in convergence.” Among its conclusions: The decline in cross-listings on US stock markets reflects a “leveling up” of corporate governance standards in emerging market economies and financial globalization's development of credible substitutes for the US's disclosure regime. Much of convergence has resulted from the work of global governance institutions reacting to an assessment that poor corporate governance played a major role in the East Asian Financial Crisis and is otherwise implicated in financial stability. The relative lack of convergence within the EU is less because of the efficiencies of local regimes and more because of the desire of Member States to throw sand-in-the-gears of economic and political integration by impeding the growth of trans-EU firms. Finally, the latest turn in the “End of History” debate is less about the primacy of “shareholder value” and more about “which shareholders.” The combination of long-standing family ownership and the reconcentration of public equity ownership in institutional investors has created a significant shareholder constituency that includes “stability” in its maximizing function, not just “efficiency.”

Author : Jennifer G. Hill
Publisher :
Page : 14 pages
File Size : 29,98 MB
Release : 2020
Category :
ISBN :

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This paper reviews the bo ...

Author : Jeffrey Neil Gordon
Publisher : Oxford University Press
Page : 1217 pages
File Size : 33,42 MB
Release : 2018
Category : Business & Economics
ISBN : 0198743688

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Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.

Author : Abdul Rasheed
Publisher : Springer
Page : 289 pages
File Size : 12,87 MB
Release : 2012-06-12
Category : Business & Economics
ISBN : 1137029560

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Takes readers through an in-depth examination of many leading industrialized nations and identifies both the drivers that propel corporations towards convergence and the major impediments that stand in the way of convergence. Also examines many mechanisms of convergence such as governance codes, MNCs, and IPOs.

Author : Tobias H. Troeger
Publisher :
Page : 9 pages
File Size : 10,49 MB
Release : 2013
Category :
ISBN :

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Convergence and Persistence in Corporate Governance does not add groundbreaking new insights to the relevant debate or deliberate extensively on the most recent developments. Bringing together most of the trend-setting articles in a slightly revised form in a concise volume, however, serves an important function: it can be inferred from the various contributions that the comprehensive and hence somewhat abstract theories on convergence or persistence do not rep-resent the end of comparative corporate governance scholarship but need testing by comparing diverse aspects of corporate governance jurisdiction by jurisdiction on a concrete and detailed basis. Obviously, the formidable challenges awaiting corporate governance research can be facilitated considerably by inducing as many experts as possible to participate in the endeavour. Winning them over by revealing the fascination of this streak of legal scholarship and its immense potential to produce both normative (is there one best institutional arrangement?) and descriptive (what developments are to be expected and how can the evolution of institutions be influenced?) in-sights in the process of globalisation is facilitated by the fact that this book addresses a broad circle of academics, practitioners and students of advanced issues of corporate governance.

Author : Véronique Magnier
Publisher : Edward Elgar Publishing
Page : 233 pages
File Size : 40,53 MB
Release : 2017-08-25
Category : Business & Economics
ISBN : 1784713562

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Comparative Corporate Governance considers the effects of globalization on corporate governance issues and highlights how, despite these widespread consequences, predictions of legal convergence have not come true. By adopting a comparative legal approach, this book explores the disparity between convergence attempts and the persistence of local models of governance in the US, Europe and Asia.

Author : Joseph McCahery
Publisher : Oxford University Press, USA
Page : 728 pages
File Size : 22,36 MB
Release : 2002
Category : Business & Economics
ISBN : 9780199247875

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This volume provides an up-to-the-minute survey of the field of corporate governance, focusing particularly on issues of convergence and diversity. A number of topics are discussed including bankruptcy procedures, initial public offerings, the role of large stakes, comparative corporate governance, and institutional investors.

Author : L. van den Berghe
Publisher : Springer Science & Business Media
Page : 230 pages
File Size : 23,20 MB
Release : 2007-05-08
Category : Business & Economics
ISBN : 0306475383

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Corporate Governance In A Globalising World: Convergence Or Divergence? presents a broad and multi-disciplinary debate on corporate governance systems by integrating academic viewpoints, statistical evidence, as well as field surveys. Based on a large number of publications and studies, the opinions of researchers are grouped into three categories: those that believe in a convergence into the direction of the market-oriented model (with the Anglo-American model as the reference base), those that opt for another type of convergence, namely in the direction of a hybrid corporate governance model (based on cross-reference between different leading governance models), and those that do not believe in global convergence but adhere to diversity of governance models.

Author : L. van den Berghe
Publisher : Springer
Page : 224 pages
File Size : 29,42 MB
Release : 2013-03-18
Category : Business & Economics
ISBN : 9781475776379

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Corporate Governance In A Globalising World: Convergence Or Divergence? presents a broad and multi-disciplinary debate on corporate governance systems by integrating academic viewpoints, statistical evidence, as well as field surveys. Based on a large number of publications and studies, the opinions of researchers are grouped into three categories: those that believe in a convergence into the direction of the market-oriented model (with the Anglo-American model as the reference base), those that opt for another type of convergence, namely in the direction of a hybrid corporate governance model (based on cross-reference between different leading governance models), and those that do not believe in global convergence but adhere to diversity of governance models.