Corporate Governance is a subject of great interest to academics, investors, and politicians throughout the world. Corporate governance is associated with the way firms are managed and controlled. Countries have adopted different governance systems to resolve the corporate governance issues. Anglo-Saxon systems differ from European and Japanese systems, and Eastern Europe and China, for instance, experiment with the way private organizations should be governed.
Despite the great interest and intense debate, empirical evidence on the effectiveness of various governance systems is still sparse. This book brings together most current contributions from various perspectives and from an international angle. The book is an essential reading for academics, university students, practitioners, investors, politicians, and legislators. List of Contents.- I. Corporate Governance in Transnational Companies.- Corporate Governance in a Transatlantic Company: DaimlerChrysler.- Governance of a Company in a Fast Changing Business and Technology Environment.- II. Corporate Investors and Firm Control.- Law and Finance.- Firm Control.- Concept of the Firm and Corporate Governance in Japan.- III. Corporate Governance, Managerial Incentives and Human Capital.- Managerial Stock Option Contracts and Firm Performance.- Human Capital and Corporate Governance.- IV. Corporate Governance and Principal/Agent-Issues.- Labour Co-Determination and Corporate Governance in Germany: The Economic Impact of Marginal and Symbolic Rights.- Corporate Governance - The Viewpoint of a Large Institutional Investor.- V. Corporate Governance and Challenges for Management.- Managerial Capitalism Revisited.- Corporate Governance - Challenges of Increased Management Accountability.- List of Contributors.
