Corporate Governance in a Globalising World: Convergence or Divergence?

Corporate Governance in a Globalising World: Convergence or Divergence?

Author: L. van den Berghe

Publisher: Springer

Published: 2013-03-18

Total Pages: 224

ISBN-13: 9781475776379

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Corporate Governance In A Globalising World: Convergence Or Divergence? presents a broad and multi-disciplinary debate on corporate governance systems by integrating academic viewpoints, statistical evidence, as well as field surveys. Based on a large number of publications and studies, the opinions of researchers are grouped into three categories: those that believe in a convergence into the direction of the market-oriented model (with the Anglo-American model as the reference base), those that opt for another type of convergence, namely in the direction of a hybrid corporate governance model (based on cross-reference between different leading governance models), and those that do not believe in global convergence but adhere to diversity of governance models.


Corporate Governance in a Globalising World: Convergence or Divergence?

Corporate Governance in a Globalising World: Convergence or Divergence?

Author: L. van den Berghe

Publisher: Springer Science & Business Media

Published: 2007-05-08

Total Pages: 230

ISBN-13: 0306475383

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Corporate Governance In A Globalising World: Convergence Or Divergence? presents a broad and multi-disciplinary debate on corporate governance systems by integrating academic viewpoints, statistical evidence, as well as field surveys. Based on a large number of publications and studies, the opinions of researchers are grouped into three categories: those that believe in a convergence into the direction of the market-oriented model (with the Anglo-American model as the reference base), those that opt for another type of convergence, namely in the direction of a hybrid corporate governance model (based on cross-reference between different leading governance models), and those that do not believe in global convergence but adhere to diversity of governance models.


The Convergence of Corporate Governance

The Convergence of Corporate Governance

Author: Abdul Rasheed

Publisher: Springer

Published: 2012-06-12

Total Pages: 289

ISBN-13: 1137029560

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Takes readers through an in-depth examination of many leading industrialized nations and identifies both the drivers that propel corporations towards convergence and the major impediments that stand in the way of convergence. Also examines many mechanisms of convergence such as governance codes, MNCs, and IPOs.


The Globalization of Corporate Governance

The Globalization of Corporate Governance

Author: Alan Dignam

Publisher: Routledge

Published: 2016-03-09

Total Pages: 464

ISBN-13: 1317030060

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The process of economic globalization, as product and capital markets have become increasingly integrated since WWII, has placed huge, and it is argued by some, irresistible pressures on the world's 'insider' stakeholder oriented corporate governance systems. Insider corporate governance systems in countries such as Germany, so the argument goes, should converge or be transformed by global product and capital market pressures to the 'superior' shareholder oriented 'outsider' corporate governance model prevalent in the UK and the US. What these pressures from globalization are, how they manifest themselves, whether they are likely to cause such a convergence/transformation and whether these pressures will continue, lie at the heart of the exploration in this volume. The Globalization of Corporate Governance provides a detailed analysis of the evolution of the key corporate governance systems in the UK, the US and Germany from the perspective of the development of economic globalization. As such it is a valuable resource for those interested in how economic and legal reforms interact to produce change within corporate governance systems.


Convergence Versus Divergence, Global Corporate Governance at the Crossroads

Convergence Versus Divergence, Global Corporate Governance at the Crossroads

Author: Janis P. Sarra

Publisher:

Published: 2016

Total Pages: 48

ISBN-13:

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There is growing debate as to whether international corporate governance practices can or should converge. Effective corporate governance has been linked to the ability of corporations to compete in global capital markets. Corporations operating in diverse economies have capital structures that are the result of public and private choices, and the corporate governance issues that arise reflect these structures. There is market pressure for convergence of corporate governance norms. The OECD has formulated Principles aimed at setting standards for corporations as they seek to attract capital. While the shareholder protections proposed are helpful in articulating norms that will attract long-term investment capital, the Principles fail to fully appreciate some of the current tensions between shareholder rights and obligations of corporate officers. Moreover, while the Principles suggest that corporations comply with laws regarding obligations to stakeholders, they fail to adequately discuss why shareholder rights are elevated to a universal norm, whereas accountability to other parties implicated in the corporation, such as creditors and workers, is not.


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.


The Nature of Corporate Governance

The Nature of Corporate Governance

Author: Janet Dine

Publisher: Edward Elgar Publishing

Published: 2013-01-01

Total Pages: 388

ISBN-13: 1781006121

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This book presents a thoughtful inquiry into the nature and rationale of corporate governance. The authors address fundamental questions including; What is the balance between ownership and control?; For whose interests should the company be run?; What is the institutional balance between shareholders, directors and other potential stakeholders, including the economy? Professor Dine and Dr Koutsias consider how these issues are dealt with by the jurisprudence of three major and greatly influential jurisdictions; the USA, the UK, and Germany, and also reflect on why and how the current corporate governance context in some states is defined by social, political and historical developments. The authors argue that corporate governance is crucial for the identity of each country. What is revealed in the work is that when national corporate governance is thriving it allows space for democracy to flourish. Corporate governance scholars, policy makers, LLM and LLB students of company law and corporate governance, NGOs involving issues of inequality, poverty and democracy will find this important book an insightful resource.


Corporate Governance and Capital Flows in a Global Economy

Corporate Governance and Capital Flows in a Global Economy

Author: Peter K. Cornelius

Publisher: Oxford University Press

Published: 2003

Total Pages: 532

ISBN-13: 9780195347586

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This volume is a timely and insightful exploration into the issues of corporate governance and the impact of corporate governance practices on investments in developing countries. Sponsored by the World Economic Forum, INSEAD, and Wharton, this book collects original essays from senior researchers at the worlds top academic institutions as well as from key policymakers and business leaders, It analyzes global aspects of governance in relation to such issues as corporate performance, privatization, venture capitalism, and workers. With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, Corporate Governance and Capital Flows in a Global Economy is a must read for anyone interested in financial crises international risk management, and global competitiveness.


International Corporate Governance

International Corporate Governance

Author: Thomas Clarke

Publisher: Routledge

Published: 2017-05-03

Total Pages: 1077

ISBN-13: 1317610547

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Thomas Clarke's International Corporate Governance offers a comprehensive guide to corporate governance forms and institutions and examines the recurring crises in corporate governance and the resulting corporate governance reform around the world. While the popular structure of the original text has been retained, significant changes have been made to take account of the global financial crisis, ever-changing regulations and worldwide governance developments. Key topics include: The governance failures of international corporations such as Enron and Lehman Brothers Diversity in corporate and institutional forms across the world The role of international corporate governance standards Digital disruption in capital markets and proposals for rebuilding commitment to long-term investing The impact of financialization and corporate governance practices on increasing inequality The links between corporate governance, corporate social responsibility and sustainability This textbook contains a wealth of pedagogical material to guide the reader through this complex subject, including student questions to help with assessments, and a new companion website. There are also thirteen forensic case studies which scrutinize the governance failures seen at RBS, UBS, BP, Volkswagen and many other international corporations. International Corporate Governance will be an essential text for anybody studying corporate governance at the advanced undergraduate, master's or executive level.