The mergers boom of the 1980s climaxed in a spate of corporate scandals, from Boesky to BCCI. Discussion of the relationship between the strategies and structures of firms and the constraints and disciplines of financial markets has shifted to the need for corporate accountability and improved regulation. Addressing the new agenda of the 1990s, this book offers a sustained attempt to transcend the dominant approaches which treat the internal structures and external relations of the firm as a series of contracts, the efficiency of which can be evaluated by market-based criteria. The...
The mergers boom of the 1980s climaxed in a spate of corporate scandals, from Boesky to BCCI. Discussion of the relationship between the strategies an...
This new collection of essays by an international group of lawyers and social scientists examines the pattern of regulation now being put in place to cope with the major transformation in the territorial organization of economic activity and of political power. The essays address the question of how legal institutions will emerge to mediate the dynamic of the new international marketplace; the technical problem of selecting the appropriate level of government for economic regulation; and the concern that the global economy's operation outside of the control of national regulation will, absent...
This new collection of essays by an international group of lawyers and social scientists examines the pattern of regulation now being put in place to ...
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.
This volume provides an up-to-the-minute survey of the field of corporate governance, focusing particularly on issues of convergence and diversity. A ...
At the end of the 20th century, it was thought by many that the Anglo-American system of corporate governance was performing effectively and some observers claimed to see an international trend towards convergence around this model. There can be no denying that the recent corporate governance crisis in the US has caused many to question their faith in this view. This collection of essays by the leading British and American scholars provides a comprehensive attempt to answer the following questions: firstly, What went wrong-when and why do markets misprice the value of firms, and what was...
At the end of the 20th century, it was thought by many that the Anglo-American system of corporate governance was performing effectively and some obse...
