Corporate Governance: Theoretical and Empirical Perspectives

ISBN-13: 9780521781640 / Angielski / Twarda / 2000 / 248 str.

Xavier Vives; Xavier Vives

Opis

Corporate governance is an active area of research and public debate. The recent generalization of "shareholder value" ideas and institutional investment, the establishment of codes of best practice for boards of directors, and the controversy about whether market oriented or bank/relations oriented systems are better for economic performance provide cogent examples. The volume takes stock of the most recent research in the topic, criticizes the standard agency view, and presents new ideas and analysis about the role of competition, the political economy of corporate governance, and the effects of different systems on growth and performance.

Spis treści

Preface; Contributors; 1. Corporate governance: does it matter? Xavier Vives; 2. Corporate governance and competition Franklin Allen and Douglas Gale; Discussion A Jorge Padilla; Discussion B Monika Schnitzer; 3. On the economics and politics of corporate finance and corporate control Martin Hellwig; Discussion Andrei Shleifer; 4. How do financial systems affect economic performance? Wendy Carlin and Colin Mayer; Discussion A Marco Betch; Discussion B Vicente Salas; 5. Information and governance in the Silicon Valley model Masahiko Aoki; Discussion Miguel A. García-Cestona; 6. The governance of the new enterprise Raghuram G. Rajan and Luigi Zingales; Discussion A Carmen Matutes; Discussion B Joan Enric Ricart; Index.