Corporate Governance and Firm Organization

Corporate Governance and Firm Organization

Author: Anna Grandori

Publisher: Oxford University Press

Published: 2004-09-09

Total Pages:

ISBN-13: 019153353X

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Recent scandals involving large firms, in the US and elsewhere, have intensified discussion regarding the role and conduct of the corporation. The contributors to this book argue that much of this debate has taken too narrow a view of the issue of corporate governance, and question some of the key assumptions of economic models. Drawing on insights from a variety of fields, including management studies, organization studies, economics and finance, political science, sociology, psychology, and legal studies, the contributors argue that these models fail to take account of the varied and complex behaviour of actors within the corporation. Instead the organizational, cognitive, and motivational foundations of governance problems and possible solutions are re-worked to produce a broader conception of governance. The book contains chapters from leading international management scholars, including: Masahiko Aoki, Margaret Blair, John Child, Alvaro Cuervo-Cazurra, Bruno Frey, Anna Grandori, Joseph Lampel, Ryon Lancaster, William Lazonick, Siegwart Lindenberg, Patrick Moreton, Margit Osterloh, Michael Piore, Andrea Prencipe, Suzana Rodrigues, Mark Roe, Giuseppe Soda, Steen Thomsen, Brian Uzzi, Paul Windolf, and Todd Zenger. Corporate Governance and Firm Organization provides an important contribution to the corporate governance debate, and will be essential reading for academics and graduate students of corporate governance, business and management, economics, finance, sociology, and law; Consultants, professionals, and policy-makers working in the area of corporate governance.


Corporate Governance and Firm Organization

Corporate Governance and Firm Organization

Author: Anna Grandori

Publisher:

Published: 2004

Total Pages: 416

ISBN-13: 0199269769

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Recent scandals involving large firms, in the USA and elsewhere, have brought into focus the role and conduct of major multinationals. This text looks at issues surrounding the organisation of such companies, and the ways in which it impacts on corporate governance.


Corporate Governance Matters

Corporate Governance Matters

Author: David Larcker

Publisher: FT Press

Published: 2011-04-14

Total Pages: 497

ISBN-13: 0132367076

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Corporate Governance Matters gives corporate board members, officers, directors, and other stakeholders the full spectrum of knowledge they need to implement and sustain superior governance. Authored by two leading experts, this comprehensive reference thoroughly addresses every component of governance. The authors carefully synthesize current academic and professional research, summarizing what is known, what is unknown, and where the evidence remains inconclusive. Along the way, they illuminate many key topics overlooked in previous books on the subject. Coverage includes: International corporate governance. Compensation, equity ownership, incentives, and the labor market for CEOs. Optimal board structure, tradeoffs, and consequences. Governance, organizational strategy, business models, and risk management. Succession planning. Financial reporting and external audit. The market for corporate control. Roles of institutional and activist shareholders. Governance ratings. The authors offer models and frameworks demonstrating how the components of governance fit together, with concrete examples illustrating key points. Throughout, their balanced approach is focused strictly on two goals: to “get the story straight,” and to provide useful tools for making better, more informed decisions.


Corporate Governance Best Practices

Corporate Governance Best Practices

Author: Frederick D. Lipman

Publisher: John Wiley & Sons

Published: 2006-08-08

Total Pages: 290

ISBN-13: 0470056290

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Praise for Corporate Governance Best Practices "A thorough and thoughtful guidebook on the governance lay of the land." -Professor Charles M. Elson, Woolard Chair in Corporate Governance and Director of Weinberg Center for Corporate Governance, University of Delaware "Frederick Lipman provides a comprehensive approach to best corporate governance practices for all organizations, which is current, thoughtful, and practical. Directors and corporate governance personnel of public, private, and not-for-profit organizations must read this book." -Professor Raphael H. Amit, Director of Goergen Entrepreneurial Management Program, Wharton School of Business "Fred Lipman is considered by many directors and CEOs to be the preeminent expert on corporate governance in the country. His advice on this important topic, which impacts the boards of all types of organizations-public, private, and not-for-profit-is required reading in this day and age." -Frederick (Ted) Peters, Chairman and Chief Executive Officer, Bryn Mawr Bank Corporation (aka The Bryn Mawr Trust Company) "Boards of directors must be aware of best corporate governance practices in order to be effective in their oversight role and that is true for all not-for-profit organizations, including universities, as well as public and private companies. Frederick Lipman has authored a practical and comprehensive guide to 'best practices' for all boards of directors, which is required reading." -George P. Tsetsekos, PhD, Dean, Bennett S. LeBow College of Business, Drexel University "In a world of 'good,' 'better,' 'best,' where 'good' and 'better' may not be good enough, Fred Lipman's new book is a straightforward, and even comforting, compendium of BEST governance practices for serious directors. It is a handy and reassuring tool for the conscientious." -Allen R. Freedman, Audit Committee Chairman, StoneMor Partners LP,Founding Director, Association of Audit Committee Members


Corporate Governance and the Timeliness of Change

Corporate Governance and the Timeliness of Change

Author: Rajeswarar S. Chaganti

Publisher: Bloomsbury Publishing USA

Published: 1998-08-27

Total Pages: 172

ISBN-13: 0313007837

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The ability to implement change quickly is crucial to an organizations's success—not only in traditionally sedate industries, but also in today's fast-moving hi-tech ones. Sherman and Chaganti, from their study of 100 American corporations, half in stable industries, half in volatile ones, find that a firm's structure of governance bears heavily on the speed with which the firm can reorient itself. What are the characteristics of firms that change quickly? What inhibits others? And what, precisely, is the impact of a firm's stockholders, board and top management on its ability to adapt? Sherman and Chaganti provide answers to these and other questions, in the first book yet to focus entirely on the determinants of time in corporate reorientations. In order for a firm to develop or sustain a competitive advantage, it must not only adapt correctly to environmental change, but also adapt quickly. This study examines the factors associated with the time a firm takes to initiate reorientation. The results of the research indicate that even in relatively large organizations, reorientations are not rare and occur routinely. Further, deterioration of a firm's financial condition tends to hasten its initiation of reorientation. However, the determinants of time taken to initiate reorientation differ in firms with relatively high prior performance and firms with relatively low prior performance.


Corporate Governance, Organization and the Firm

Corporate Governance, Organization and the Firm

Author: Mario Morroni

Publisher: Edward Elgar Publishing

Published: 2009-01-01

Total Pages: 257

ISBN-13: 1848446128

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In this reputable book Professor Morroni has constructed an insightful framework of three decisive factors for organizational coordination: capabilities, transaction, scale-scope. Based on these, he has knitted a splendid tapestry of theoretical and empirical information. This collection must be a standard for the theory of the firm. Yuji Aruka, Chuo University, Japan Organisations, networks and firms are three of the most dynamic areas of economic research. This timely book synthesises these areas in order to analyse emergent phenomena such as spatial clustering, outsourcing, relational complexity and radical technological innovation. A combination of authoritative literature reviews, novel theoretical developments and interesting case study applications makes this book essential reading for both new and established scholars in the field. Mark Casson, University of Reading, UK In recent years, applied studies have shown widespread, profound and increasing heterogeneity across firms in terms of their strategy, organization arrangement and performance. This book investigates the diversity of business firms, offering a picture of the different organizational settings they adopt in their endeavour to cope with increasing competitive pressure. The book addresses critical theoretical issues surrounding corporate governance, organizational design and cooperative relations among firms. Moreover, it provides new evidence on the various forms of outsourcing that are playing an increasingly important role as a consequence of globalization. The contributions collected in this book stress the emergence of a trend towards a reorganization of production that can enhance the transmission, development and maintenance of knowledge in order to sustain long-run competitive advantage. Providing original and pertinent empirical evidence, this book will attract interest from scholars and postgraduate students studying the economics and organization of the firm. It will also be of value to managers who wish to understand new developments in the organizational settings of business firms with particular reference to corporate governance, organizational design, cooperative relations, outsourcing and de-localization.


Convergence and Persistence in Corporate Governance

Convergence and Persistence in Corporate Governance

Author: Jeffrey N. Gordon

Publisher: Cambridge University Press

Published: 2004-04-08

Total Pages: 396

ISBN-13: 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.


Employees and Corporate Governance

Employees and Corporate Governance

Author: Margaret M. Blair

Publisher: Brookings Institution Press

Published: 2010-12-01

Total Pages: 369

ISBN-13: 081570707X

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Most scholarship on corporate governance in the last two decades has focused on the relationships between shareholders and managers or directors. Neglected in this vast literature is the role of employees in corporate governance. Yet "human capital," embodied in the employees, is rapidly becoming the most important source of value for corporations, and outside the United States, employees often have a significant formal role in corporate governance. This volume turns the spotlight on the neglected role of employees by analyzing many of the formal and informal ways that employees are actually involved in the governance of corporations, in U.S. firms and in large corporations in Germany and Japan. Examining laws and contexts, the essays focus on the framework for understanding employees' role in the firm and the implications for corporate governance. They explore how and why the special legal institutions in German and Japanese firms by which employees are formally involved in corporate governance came into being, and the impact these institutions have on firms and on their ability to compete. They also consider theoretical and empirical questions about employee share ownership. The result of a conference at Columbia University, the volume includes essays by Theodor Baums, Margaret M. Blair, David Charny, Greg Dow, Bernd Frick, Ronald J. Gilson, Jeffrey N. Gordon, Nobuhiro Hiwatari, Katharina Pistor, Louis Putterman, Edward B. Rock, Mark J. Roe, and Michael L. Wachter. Margaret M. Blair is a senior fellow in Economic Studies at the Brookings Institution and author of Ownership and Control: Rethinking Corporate Governance for the Twenty-first Century (Brookings, 1995). Mark J. Roe, professor of business regulation and director of the Sloan Project on Corporate Governance at Columbia Law School, is the author of Strong Managers, Weak Owners: The Political Roots of American Corporate Finance (Princeton, 1996).