This volume contains fourteen research papers with theoretical and empirical treatment of important financial aspects of corporate governance. The papers cover major corporate governance issues such as the role of the board of directors, ownership structure, ownership concentration, and the influence of outside blockholders. Another salient feature of this collection is that it offers substantial international evidence, including that from the United States of America, Australia, Germany, Saudi Arabia, China, India, and Malaysia.

Papers in this volume focus on corporate governance broadly defined as the system of control that helps corporations effectively manage, administer, and direct economic resources. Questions of what and how to produce become equally important as organizations strive to better serve demanding customers. As a result, the design and control of effective organizations have become an integral part of financial economics. Traditionally, organization structure has been described by the vertical and horizontal relationships among the firm, its customers and suppliers. More recently, researchers have...