The Control Of Corporate Europe

Author : Fabrizio Barca,Marco Becht
Publisher : OUP Oxford
Page : 354 pages
File Size : 47,9 Mb
Release : 2001-11-15
Category : Business & Economics
ISBN : 9780191530050

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The Control of Corporate Europe by Fabrizio Barca,Marco Becht Pdf

Written by an international team of authors, this book provides the first systematic account of the control of corporate Europe based on voting block data disclosed in accordance with the European Union's Large Holdings Directive (88/627/EEC). The study provides detailed information on the voting control of companies listed on the official markets in Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, the United Kingdom, and, as a benchmark comparison, the United States. The authors record a high concentration of control of corporations in many European countries with single blockholders frequently controlling more than fifty per cent of corporate votes. In contrast, a majority of UK listed companies have no blockholder owning more than ten per cent of shares, and a majority of US listed companies have no blockholder with more than six per cent of shares. Those chapters devoted to individual countries illustrate how blockholders can use legal devices to leverage their voting power over their cash-flow rights, or how incumbents prevent outsiders from gaining voting control. It is shown that the cultural and linguistic diversity of Europe is (almost) matched by its variety of corporate control arrangements.

Author : Thomas Clarke,Jean-Francois Chanlat
Publisher : Routledge
Page : 422 pages
File Size : 54,6 Mb
Release : 2009-06-24
Category : Business & Economics
ISBN : 9781134135981

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European Corporate Governance by Thomas Clarke,Jean-Francois Chanlat Pdf

For decades, Europe has sought to become more financially integrated with the United States and thus European legal institutions, regulatory, governance and accounting practices have faced pressures to adapt to international competitive markets. Against this backdrop, European corporate governance systems have been criticized as being less efficient than the Anglo-American market based systems. This textbook examines the unique dimensions and qualities of European corporate governance. Reforms of key institutions, the doctrine of shareholder value and the seemingly irresistible growth of CEO power and reward are critically analyzed. The book brings out the richness of European corporate governance systems, as well as highlighting historical weaknesses that will require further work for a sustainable corporate governance environment in the future. In light of the most severe financial crisis since the 1930s, this intelligent look at European corporate governance is a vital textbook for courses on corporate governance and a great supplementary textbook on a host of business, management and accounting classes.

Author : Pepper D. Culpepper
Publisher : Unknown
Page : 247 pages
File Size : 46,9 Mb
Release : 2014-05-14
Category : Corporate governance
ISBN : 0511860587

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Quiet Politics and Business Power by Pepper D. Culpepper Pdf

Does democracy control business, or does business control democracy? This study of how companies are bought and sold in four countries France, Germany, Japan, and the Netherlands explores this fundamental question. It does so by examining variation in the rules of corporate control specifically, whether hostile takeovers are allowed. Takeovers have high political stakes: they result in corporate reorganizations, layoffs, and the unraveling of compromises between workers and managers. But the public rarely pays attention to issues of corporate control. As a result, political parties and legislatures are largely absent from this domain. Instead, organized managers get to make the rules, quietly drawing on their superior lobbying capacity and the deference of legislators. These tools, not campaign donations, are the true founts of managerial political influence.

Author : Klaus Gugler
Publisher : Unknown
Page : 0 pages
File Size : 54,5 Mb
Release : 2022
Category : Corporate governance
ISBN : 1009244620

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The European Corporation by Klaus Gugler Pdf

"The book provides unique empirical evidence on ownership and control change or persistence in Europe in the past decades. It would be especially useful for scholars and practitioners in corporate law, corporate governance, politics, and economic history as well as researchers, academic lecturers, students, and policy-makers in Europe"--

Author : Anne Lafarre
Publisher : Emerald Group Publishing
Page : 346 pages
File Size : 42,9 Mb
Release : 2017-11-02
Category : Business & Economics
ISBN : 9781787435346

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The AGM in Europe by Anne Lafarre Pdf

Anne Lafarre combines wide ranging empirical legal and economic research to analyse and understand the real role of the AGM in the European businesses and corporate governance frameworks today.

Author : L. Horn
Publisher : Palgrave Macmillan
Page : 0 pages
File Size : 41,8 Mb
Release : 2011-11-22
Category : Political Science
ISBN : 0230247504

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Regulating Corporate Governance in the EU by L. Horn Pdf

In the context of the financial and economic crisis, corporate governance and regulatory supervision failures, Laura Horn investigates one of the defining questions in social power relations in contemporary capitalism: who controls the modern corporation, and why.

Author : Marina Martynova,Luc Renneboog
Publisher : Unknown
Page : 232 pages
File Size : 52,7 Mb
Release : 2006
Category : Corporate governance
ISBN : 9056681826

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The market for corporate control and corporate governance regulation in Europe by Marina Martynova,Luc Renneboog Pdf

Author : Klaus J. Hopt
Publisher : Unknown
Page : 976 pages
File Size : 55,9 Mb
Release : 2005
Category : Corporate governance
ISBN : UCSD:31822035433143

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Corporate Governance in Context by Klaus J. Hopt Pdf

Increased regulatory competition has sharpened the comparative awareness of advantages or disadvantages of different national models of political economy, economic organization, governance and regulation. Although institutional change is slow and subject to functional complementarities as wellas social and cultural entrenchment, at least some features of successful modern market economies have been in the process of converging over the last decades. The most important change is a shift in governance from state to the market. As bureaucratic ex-ante control is replaced by judicial ex-postcontrol, administrative discretion is replaced by the rule of law as guidelines for the economy. Furthermore, at least to some extent, public enforcement is being reduced in favor of private enforcement by way of disclosure, enhanced liability, and correspondent litigation for damages. Corporatistapproaches to governance are giving way to market approaches, and outsider and market-oriented corporate governance models seem to be replacing insider-based regimes.This transition is far from smooth and poses a daunting challenge to regulators and academics trying to redefine the fundamental governance and regulatory setting. They are confronted with the task of making or keeping the national regulatory structure attractive to investors in the face ofcompetitive pressures from other jurisdictions to adopt state-of-the-art solutions. At the same time, however, they must establish a coherent institutional framework that accommodates the efficient, modern rules with the existing and hard-to-change institutional setting. These challenges - put in acomparative and interdisciplinary perspective - are the subject of the book. As a reflection of the transnationality of the issues addressed, the world's three leading economies and their legal systems are included on an equal basis: the EU, the U.S., and Japan across each of the subtopics ofcorporations, bureaucracy and regulation, markets, and intermediaries.

Author : Peter A. Gourevitch,James Shinn
Publisher : Princeton University Press
Page : 365 pages
File Size : 41,9 Mb
Release : 2010-06-20
Category : Business & Economics
ISBN : 9781400837014

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Political Power and Corporate Control by Peter A. 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.

Author : Pepper D. Culpepper
Publisher : Cambridge University Press
Page : 246 pages
File Size : 42,7 Mb
Release : 2010-11-22
Category : Political Science
ISBN : 9781139491853

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Quiet Politics and Business Power by Pepper D. Culpepper Pdf

Does democracy control business, or does business control democracy? This study of how companies are bought and sold in four countries - France, Germany, Japan and the Netherlands - explores this fundamental question. It does so by examining variation in the rules of corporate control - specifically, whether hostile takeovers are allowed. Takeovers have high political stakes: they result in corporate reorganizations, layoffs and the unraveling of compromises between workers and managers. But the public rarely pays attention to issues of corporate control. As a result, political parties and legislatures are largely absent from this domain. Instead, organized managers get to make the rules, quietly drawing on their superior lobbying capacity and the deference of legislators. These tools, not campaign donations, are the true founts of managerial political influence.

Author : Joseph A. McCahery
Publisher : CEPS
Page : 116 pages
File Size : 46,6 Mb
Release : 2003
Category : Consolidation and merger of corporations
ISBN : 9290794283

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The Economics of the Proposed European Takeover Directive by Joseph A. McCahery Pdf

Author : Andreas Dür,David Marshall,Patrick Bernhagen
Publisher : University of Michigan Press
Page : 221 pages
File Size : 47,6 Mb
Release : 2019-02-28
Category : Political Science
ISBN : 9780472131181

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The Political Influence of Business in the European Union by Andreas Dür,David Marshall,Patrick Bernhagen Pdf

Many citizens, politicians, and political activists voice concern about the political influence of business in the European Union. But do business interests really pull the strings in Brussels? Contrary to expectations, this book shows that business interests are no more influential than other interests in shaping contemporary EU policies. Andreas Dür, David Marshall, and Patrick Bernhagen present an original argument that stresses the role of public actors in facilitating or impeding interest groups’ lobbying success. Novel data on a large number of legislative proposals on the EU’s agenda and three case studies present strong support for this argument. The Political Influence of Business in the European Union offers new insights into how lobbying success depends on the demand and supply of information, as well as new ideas on how to measure lobbying success. The book advances a fresh perspective on the question of business power and shows why business interests often lose in the policy struggle.

Author : Horst Siebert
Publisher : Springer Science & Business Media
Page : 346 pages
File Size : 41,5 Mb
Release : 2001-09-28
Category : Political Science
ISBN : 3540419926

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The World's New Financial Landscape: Challenges for Economic Policy by Horst Siebert Pdf

This book will be of particular relevance for readers interested in a thorough analysis of international capital flows, their determinants and their macroeconomic implications. It also provides information about the origines of international financial crisis and assess proposals to overcome and avoid financial crisis in the future. The book is an outcome of a conference held at the Kiel Institute of World Economics. The papers cover the track record of financial integration, the changing structure of financial markets and the implications for macroeconomics and growth. Particular emphasis is placed on the various financial crises of the 1990s and on proposals for a reform of the international financial system.

Author : Alexandr Svetlicinii
Publisher : Routledge
Page : 123 pages
File Size : 55,7 Mb
Release : 2020-12-13
Category : Business & Economics
ISBN : 9781000335996

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Chinese State Owned Enterprises and EU Merger Control by Alexandr Svetlicinii Pdf

This book analyzes the specifics of corporate governance of China’s State Owned Enterprises (SOEs) and their assessment under EU merger control, which is reflected in the EU Commission’s screening of the notified economic concentrations. Guided by the going global policy and the Belt and Road Initiative, Chinese SOEs have expanded their global presence considerably. Driven by the need to acquire cutting edge technologies and other industrial policy considerations, Chinese SOEs have engaged in a series of corporate acquisitions in Europe. The main objective of this book is to demonstrate the conceptual and regulatory challenges of applying traditional merger assessment tools in cases involving Chinese SOEs due to the specifics in their corporate governance and the regulatory framework under which they operate in China. The book also explores the connection between the challenges experienced by the merger control regimes in the EU and the recent introduction of the EU foreign direct investment screening framework followed by a proposal concerning foreign subsidies. The book will be a useful guide for academics and researchers in the fields of law, international relations, political science, and political economy; legal practitioners dealing with cross-border mergers and acquisitions; national competition authorities and other public bodies carrying out merger control; policy makers, government officials, and diplomats in China and the EU engaged in bilateral economic relations.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 45,9 Mb
Release : 2024-06-01
Category : Electronic
ISBN : 9789814469081

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Corporate Ownership and Control by Anonim Pdf