Complementarities in Corporate Governance

Name: Complementarities in Corporate Governance
Author: Ralph P. Heinrich

Gebonden Engels 2002 2002e druk 9783540432265

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Samenvatting

Corporate governance reform is currently on the agenda in the European Union, the United States, Japan and in emerging market economies. This book takes a fresh look at the reform debate by focusing on the trade-offs involved in reconciling the diverging interests of shareholders, creditors and managers. It shows how effective corporate governance systems exploit complementarities between the incentives generated by the capital structure, the ownership structure, investor monitoring, takeover threats, and management compensation to minimize the sum of all agency costs facing the public corporation. The book combines a general theoretical treatment with a detailed study of the institutions of corporate governance in Germany, Japan and the United States and a critical assessment of recent reforms.

Specificaties

ISBN13:9783540432265

Taal:Engels

Bindwijze:gebonden

Aantal pagina's:234

Uitgever:Springer Berlin Heidelberg

Druk:2002

Hoofdrubriek:Strategisch management, Organisatiekunde, Strategisch management

Serie:Kieler Studien - Kiel Studies

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Inhoudsopgave

<P> Introduction.- Corporate Governance Systems - The Gap between the Descriptive and the Formal Literature.- Modeling Complementarities in Corporate Governance.- Comparing Corporate Governance Systems.- Systemic Complementarities.- Conclusions.</P>