Market Based Governance

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Market-Based Governance

Author : John D. Donahue,Joseph S. Nye
Publisher : Rowman & Littlefield
Page : 386 pages
File Size : 43,7 Mb
Release : 2004-05-26
Category : Business & Economics
ISBN : 081579892X

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Market-Based Governance by John D. Donahue,Joseph S. Nye Pdf

A Brookings Institution Press and Visions of Governance for the 21st Century publication The latest in a series exploring twenty-first-century governance, this new volume examines the use of market means to pursue public goals. Market-based governance includes both the delegation of traditionally governmental functions to private players, and the importation into government of market-style management approaches and mechanisms of accountability. The contributors (all from Harvard University) assess market-based governance from four perspectives: The demand side deals with new, revised, or newly important forms of interaction between government and the market where the public sector is the customer. Chapters in this section include Steve Kelman on federal procurement reform, Karen Eggleston and Richard Zeckhauser on contracting for health care, and Peter Frumkin. The supply side section deals with unsettled questions about government's role as a provider (rather than a purchaser) within the market system. Contributors include Georges de Menil, Frederick Schauer and Virginia Wise. A third section explores experiments with market-based arrangements for orchestrating accountability outside government by altering the incentives that operate inside market institutions. Chapters include Robert Stavins on market-based environmental policy, Archon Fung on social markets, and Cary Coglianese and David Lazer. The final section examines both the upside and the downside of the market-based approach to improving governance. Contributors include Elaine Kamarck, John D. Donahue, Mark Moore, and Robert Behn. An introduction by John D. Donahue frames market-based governance as an effort to engineer into public work some of the intensive accountability that characterizes markets without surrendering the extensive accountability of conventional government. A preface by Joseph S. Nye Jr. sets the book in the context of a larger inquiry into the future of governance.

Capital Markets and Corporate Governance

Author : Nicholas Dimsdale,Martha Prevezer,National Economic Development Office
Publisher : Oxford University Press on Demand
Page : 349 pages
File Size : 44,9 Mb
Release : 1994
Category : Business & Economics
ISBN : 0198287887

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Capital Markets and Corporate Governance by Nicholas Dimsdale,Martha Prevezer,National Economic Development Office Pdf

Contributors: N. Dimsdale, J. Kay, P. Marsh, J. Charkham, A. Sykes, D. McWilliams, A. Sentance, M. Middleton, D. Lomax, C. Mayer, A. Beecroft, A. Hughes, M. Prevezer, M. Ricketts, J. Edwards, E. Schneider-Lenne, J. Corbett, S. Masuyama, K. FischerRWritten by leading academics, bankers, and consultants, this book discusses major issues in corporate governance. The papers concentrate upon the financing of corporations, and the role of the banks and stock markets in the United Kingdom, Germany, and Japan. A central theme of the book is aconstant awareness of the links between the accountability of senior managers, the system of corporate governance, and the performance of a company.The contributors examine the role of shareholders, company boards, and managers under a market-based system as in the UK and USA, in comparison with the `insider' system found in Japan and, to a lesser extent, Germany. They discuss the view that this UK system leads to a preoccupation withshort-term corporate performance and a greater likelihood of hostile takeovers. The contribution of the banks to corporate finance and control is also examined, including a discussion of the spcial problems of small forms. The Japanese and the German financial and corporate systems areauthoritatively analysed.

Corporate Governance, Regulation and Financial Markets. Germany's Pathway to a Market-Based System?

Author : Alexander Behne
Publisher : GRIN Verlag
Page : 46 pages
File Size : 53,8 Mb
Release : 2017-03-14
Category : Business & Economics
ISBN : 9783668415843

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Corporate Governance, Regulation and Financial Markets. Germany's Pathway to a Market-Based System? by Alexander Behne Pdf

Seminar paper from the year 2015 in the subject Economics - Finance, grade: 1,3, University of Leipzig (Wirtschaftspolitik), course: Development of Financial Markets and Institutions, language: English, abstract: Few areas of business economics are discussed in such a controversial manner as different corporate governance systems. In a globalized age in which the capital markets of industrialized countries have a large operating range and a growing degree of internationalization, the design and regulation activities in this field have become increasingly important. This has triggered a "competition of institutions". In the current academic discussion, different corporate governance paradigms are being examined, to figure out, which could be the most successful in a market economy in order to attract investors. It considers what system of management of a capitalled company is the most appropriate - in order to provide a location or rather a country - a competitive advantage in competition for global players. It is assumed that the type of the corporate governance system influences the company’s success or even more on the entire national economy. As reference points, the German and the US model are often being used. Since they are opposed to one another in their paradigmatic and thus embody the exemplary corporate governance system. In addition, since the Cold War and beyond, the US has been a hegemon and has always had a great influence on the economic and financial system worldwide. Germany is regarded as the political and economic core of the most important partner of the USA, the European Union. Both are regarded as a highly developed economic system; their further development will attract attention beyond their national borders. Although, the aim of corporate governance is identical, the institutional design and the underlying philosophies differ. As of a 1980 ́s it appears that the German bank-based system cannot meet the needs of the swift progress of financial markets. From the 1990s onwards, especially in the case of some serious legal measures in Germany, a move towards capital market orientation has been taking place. Since the prediction of a system convergence has been considered critical - because they are embedded in a corresponding cultural and socioeconomic system, which makes the transferability of the respective economic paradigms doubtful - this paper tries to examine if these legal regulations triggered a change in the German financial system.

Corporate Governance in Global Capital Markets

Author : Janis Sarra
Publisher : UBC Press
Page : 399 pages
File Size : 44,5 Mb
Release : 2011-11-01
Category : Law
ISBN : 9780774840507

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Corporate Governance in Global Capital Markets by Janis Sarra Pdf

The recent failures of Enron, WorldCom, and other large publicly traded corporations have catapulted the issue of corporate governance onto the international stage. In this timely book, Janis Sarra draws together the work of legal scholars and practitioners from across North America to provide a comprehensive analysis of corporate governance issues in global capital markets. The contributors to this collection explore the theoretical underpinnings of corporate governance and provide concrete illustration of different models and their outcomes. While the perspectives of the authors sometimes differ, their common project is to explore different normative conceptions of the corporation in order to contribute to an analysis of global trends in corporate governance.

OECD Principles of Corporate Governance

Author : OECD
Publisher : OECD Publishing
Page : 48 pages
File Size : 54,9 Mb
Release : 1999-10-06
Category : Electronic
ISBN : 9789264173705

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OECD Principles of Corporate Governance by OECD Pdf

These principles of corporate governance, endorsed by the OECD Council at Ministerial level in 1999, provide guidelines and standards to insure inclusion, accountability and abilit to attract capital.

Corporate Governance The Future of Corporate Governance in Capital Markets Following the COVID-19 Crisis

Author : OECD
Publisher : OECD Publishing
Page : 142 pages
File Size : 53,5 Mb
Release : 2021-06-30
Category : Electronic
ISBN : 9789264796164

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Corporate Governance The Future of Corporate Governance in Capital Markets Following the COVID-19 Crisis by OECD Pdf

This report provides an evidence-based overview of developments in capital markets globally leading up to the COVID-19 crisis. It then documents the impact of the crisis on the use of capital markets and the introduction of temporary corporate governance measures.

Governance for the Environment

Author : Magali A. Delmas,Oran R. Young
Publisher : Cambridge University Press
Page : 301 pages
File Size : 40,6 Mb
Release : 2009-08-06
Category : Business & Economics
ISBN : 9780521519380

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Governance for the Environment by Magali A. Delmas,Oran R. Young Pdf

At the same time, confidence in the capacity of governments to meet this demand is waning.

Governance of Global Financial Markets

Author : Emilios Avgouleas
Publisher : Cambridge University Press
Page : 501 pages
File Size : 55,9 Mb
Release : 2012-04-26
Category : Business & Economics
ISBN : 9780521762663

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Governance of Global Financial Markets by Emilios Avgouleas Pdf

Analyses governance structures for international finance, evaluates current regulatory reforms and proposes a new governance system for global financial markets.

Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation

Author : Justin O'Brien
Publisher : World Scientific Publishing Company Incorporated
Page : 411 pages
File Size : 53,8 Mb
Release : 2007
Category : Business & Economics
ISBN : 9781860948473

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Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation by Justin O'Brien Pdf

Addresses the implications of private equity for the governance of corporations, the capital markets in which they operate and the professionals who provide corporate advisory services. Justin O'Brien from Charles Sturt University.

The Cultures of Markets

Author : Janelle Kallie Knox
Publisher : Oxford University Press
Page : 344 pages
File Size : 48,8 Mb
Release : 2016
Category : Business & Economics
ISBN : 9780198718451

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The Cultures of Markets by Janelle Kallie Knox Pdf

This book explores the establishment of emissions trading as a form of environmental, market-based governance. It conceptualizes markets as institutions, and analyzes them as a system of climate governance. To this end, it argues that international efforts to promulgate markets run up against local cultures of markets that shape economic practices and knowledge to different degrees. The book also examines the material implications of emissions markets on the environment and climatic systems. In sum, the study finds that cultures of markets present a substantial challenge to a universalist prescription for resolving climate change and highlights issues at the interface of political and economic governance in different political economies. This includes issues of citizen, state, and industry participation, and the materiality of economic and financial productivity.

Corporate Governance in Developing and Emerging Markets

Author : Franklin N. Ngwu,Onyeka K Osuji,Frank H. Stephen
Publisher : Routledge
Page : 366 pages
File Size : 44,7 Mb
Release : 2016-12-08
Category : Business & Economics
ISBN : 9781317353867

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Corporate Governance in Developing and Emerging Markets by Franklin N. Ngwu,Onyeka K Osuji,Frank H. Stephen Pdf

Throughout the world, the Anglo-American model of corporate governance tends to prevail – but no two countries are identical. Governance outcomes in developing and emerging economies often deviate from what theory predicts, due to a wide range of factors. Using insights from New Institutional Economics, Corporate Governance in Developing and Emerging Markets aims to explain the different issues and cultural and legal factors at play, and put forward an alternative governance framework for these economies. Structured in three parts, this text investigates different models of corporate governance; it explores the realities of corporate governance in ten nations, including the ‘BRICS’ (Brazil, Russia, India, China and South Africa) and ‘MINT’ (Mexico, Indonesia, Nigeria and Turkey) countries; and then considers corporate governance reform. This interdisciplinary text will be a valuable tool for students of corporate governance across Business, Economics and Law; and an equally useful resource for anyone working in or carrying out research in this area.

Towards a Market Economy

Author : Mr.Pierre Dhonte,Mr.Ishan Kapur
Publisher : International Monetary Fund
Page : 17 pages
File Size : 48,9 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 9781451842746

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Towards a Market Economy by Mr.Pierre Dhonte,Mr.Ishan Kapur Pdf

This paper proposes an operational interpretation of the concept of economic governance. It argues that the capacity of governments to credibly ensure a secure economic environment provides an important benchmark against which governance can be evaluated. Such an environment—which is essential for sustained growth in a market economy—can be established through a rules–based system which ensures freedom of entry into the market, access to information, and sanctity of contracts. Since creating a secure economic environment involves profound, far–reaching social change, it has historically been a complex and lengthy process in most societies. However, basing policy prescriptions on this benchmark helps avoid possible conflicts between different social and moral values.

Internal Market Economics

Author : N. Dean Meyer
Publisher : Ndma Publishing
Page : 369 pages
File Size : 53,9 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 1892606313

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Internal Market Economics by N. Dean Meyer Pdf

We all believe in market economics for the most part. Sure, there are limitations. And we know that markets don't work without some governance. Nonetheless, market economics is by far the most effective way to channel a society's scarce resources to the purposes that need them the most. Why, then, do we drop our common sense when we walk in the office door? This book explains how to implement market economics inside of organizations. Don't worry. . . . It doesn't require chargebacks. It doesn't lead to arm's-length relationships without any commitment to the enterprise, or undermine enterprise policies and strategies. And it doesn't lead to open internal competition which results in redundancies and lost synergies. Market economics simply provides the guiding principles for the design of highly efficient, effective, and agile internal resource-governance processes. This book offers a fresh vision of empowered, entrepreneurial organizations, and practical solutions to a host of pressing financial and management challenges. ..".essential reading for executives interested in maximizing shareholder value or in running effective shared-services organizations." - Don Tapscott

Environmental Governance in China

Author : Jesse Turiel,Iza Ding,John Chung-En Liu
Publisher : BRILL
Page : 75 pages
File Size : 47,6 Mb
Release : 2020-01-20
Category : Science
ISBN : 9789004359925

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Environmental Governance in China by Jesse Turiel,Iza Ding,John Chung-En Liu Pdf

This article provides an analytical overview of major works on the topic of environmental governance in China, with a particular emphasis on studies examining policies during the reform era (post-1978).

Political Power and Corporate Control

Author : Peter Alexis Gourevitch,James Shinn
Publisher : Princeton University Press
Page : 372 pages
File Size : 40,6 Mb
Release : 2005
Category : Business & Economics
ISBN : 0691122911

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Political Power and Corporate Control by Peter Alexis Gourevitch,James Shinn Pdf

Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.