The Separation Of Corporate Ownership And Control

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Corporate Ownership and Control

Author : Shalini Perera
Publisher : World Scientific
Page : 446 pages
File Size : 47,5 Mb
Release : 2011
Category : Business & Economics
ISBN : 9789812837479

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Corporate Ownership and Control by Shalini Perera Pdf

The governance of companies is of importance to developing countries due to the link between effective corporate governance and economic development. Ownership and control of public companies, except in the US and UK, is often in the hands of a few individuals, families or corporate groups and impact on corporate governance and economic development.Using Sri Lanka as an illustrative example, Corporate Ownership and Control sets out the implications of corporate ownership and control structures on the governance of companies, and suggests a reform agenda to meet the challenges posed by such structures. Any analysis into the reform of corporate governance in developing countries should begin with a focus on the local market structures that define its adaptation and effectiveness. The issues explored in the book provide an insight into ownership and control structures in Sri Lanka, the costs and benefits of such structures, and the necessary reform framework to promote effective corporate governance. The analysis can be used to both understand the impact of ownership structures on corporate governance, and suggest how corporate governance issues arising from such structures should be resolved in order to promote economic development and growth.

Corporate Ownership and Control

Author : Brian R. Cheffins
Publisher : Oxford University Press, USA
Page : 0 pages
File Size : 55,9 Mb
Release : 2010
Category : Law
ISBN : 0199596395

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Corporate Ownership and Control by Brian R. Cheffins Pdf

Much discussion on corporate governance assumes companies are owned and controlled separately, yet this is not the norm worldwide. This book explores the foundations of separation in UK companies, asking how the company came to prominence and why and how the UK stock market came to be dominated by institutional shareholders.

The Modern Corporation and Private Property

Author : Adolf A. Berle (Jr.),Gardiner Coit Means
Publisher : Unknown
Page : 432 pages
File Size : 50,6 Mb
Release : 1962
Category : Business enterprises
ISBN : PSU:000055769648

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The Modern Corporation and Private Property by Adolf A. Berle (Jr.),Gardiner Coit Means Pdf

Rethinking Corporate Governance

Author : Alessio Pacces
Publisher : Routledge
Page : 492 pages
File Size : 51,8 Mb
Release : 2013-01-17
Category : Law
ISBN : 9781135099411

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Rethinking Corporate Governance by Alessio Pacces Pdf

The standard approach to the legal foundations of corporate governance is based on the view that corporate law promotes separation of ownership and control by protecting non-controlling shareholders from expropriation. This book takes a broader perspective by showing that investor protection is a necessary, but not sufficient, legal condition for the efficient separation of ownership and control. Supporting the control powers of managers or controlling shareholders is as important as protecting investors from the abuse of these powers. Rethinking Corporate Governance reappraises the existing framework for the economic analysis of corporate law based on three categories of private benefits of control. Some of these benefits are not necessarily bad for corporate governance. The areas of law mainly affecting private benefits of control – including the distribution of corporate powers, self-dealing, and takeover regulation – are analyzed in five jurisdictions, namely the US, the UK, Italy, Sweden, and the Netherlands. Not only does this approach to corporate law explain separation of ownership and control better than just investor protection; it also suggests that the law can improve the efficiency of corporate governance by allowing non-controlling shareholders to be less powerful.

Who Controls East Asian Corporations?

Author : Stijn Claessens,Simeon Djankov,Larry H. P. Lang
Publisher : World Bank Publications
Page : 44 pages
File Size : 51,7 Mb
Release : 1999
Category : Administracion de empresas - Asia oriental
ISBN : 8210379456XXX

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Who Controls East Asian Corporations? by Stijn Claessens,Simeon Djankov,Larry H. P. Lang Pdf

A History of Corporate Governance around the World

Author : Randall K. Morck
Publisher : University of Chicago Press
Page : 700 pages
File Size : 51,9 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780226536835

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A History of Corporate Governance around the World by Randall K. Morck Pdf

For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

Governance: A Very Short Introduction

Author : Mark Bevir
Publisher : Oxford University Press
Page : 147 pages
File Size : 46,5 Mb
Release : 2012-10-25
Category : Political Science
ISBN : 9780199606412

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Governance: A Very Short Introduction by Mark Bevir Pdf

Generally referring to all forms of social coordination and patterns of rule, the term 'governance' is used in many different contexts. In this Very Short Introduction, Mark Bevir explores the main theories of governance and considers their impact on ideas of governance in the corporate, public, and global arenas.

Political Determinants of Corporate Governance

Author : Mark J. Roe
Publisher : Oxford University Press, USA
Page : 260 pages
File Size : 46,6 Mb
Release : 2003
Category : Business & Economics
ISBN : 0199205302

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Political Determinants of Corporate Governance by Mark J. Roe Pdf

In a painstaking analysis, Roe (law, Harvard Law School) examines the impact of a nation's strong social policies on the corporate governance, suggesting that stronger social policies can cause an American style of diffuse ownership among shareholders to fail. The link between social policies and corporate governance is examined statistically for a large number of countries, and in case studies for seven: Italy, Germany, Sweden, the UK, France, Japan, and the US. Product markets, securities markets, and the ability of corporate and economic structures to induce a political backlash are discussed. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).

Comparative Corporate Governance

Author : Véronique Magnier
Publisher : Edward Elgar Publishing
Page : 224 pages
File Size : 46,7 Mb
Release : 2017-08-25
Category : Business & Economics
ISBN : 9781784713560

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Comparative Corporate Governance by Véronique Magnier Pdf

Comparative Corporate Governance considers the effects of globalization on corporate governance issues and highlights how, despite these widespread consequences, predictions of legal convergence have not come true. By adopting a comparative legal approach, this book explores the disparity between convergence attempts and the persistence of local models of governance in the US, Europe and Asia.

Political Power and Corporate Control

Author : Peter A. Gourevitch,James Shinn
Publisher : Princeton University Press
Page : 365 pages
File Size : 55,9 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.

Concentrated Corporate Ownership

Author : Randall K. Morck
Publisher : University of Chicago Press
Page : 404 pages
File Size : 48,7 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226536828

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Concentrated Corporate Ownership by Randall K. Morck Pdf

Standard economic models assume that many small investors own firms. This is so in most large U.S. firms, but wealthy individuals or families generally hold controlling blocks in smaller U.S. firms and in all firms in most other countries. Given this, the lack of theoretical and empirical work on tightly held firms is surprising. What corporate governance problems arise in tightly held firms? How do these differ from corporate governance problems in widely held firms? How do control blocks arise and how are they maintained? How does concentrated ownership affect economic growth? How should we regulate tightly held firms? Drawing together leading scholars from law, economics, and finance, this volume examines the economic and legal issues of concentrated ownership and their impact on a shifting global economy.

Tax and the Separation of Ownership and Control

Author : Steven A. Bank,University of Toronto. Faculty of Law. Law and Economics Programme
Publisher : Unknown
Page : 80 pages
File Size : 41,5 Mb
Release : 2007
Category : Corporate governance
ISBN : OCLC:86087260

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Tax and the Separation of Ownership and Control by Steven A. Bank,University of Toronto. Faculty of Law. Law and Economics Programme Pdf