Download or read book The Effect of Deregulation on Corporate Governance written by Jill Foote and published by . This book was released on 2001 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Universities Corporate Governance Deregulation written by and published by . This book was released on 1993 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Four commentators add to the debate over the role of the state and the nature of self-regulation in the modern world. This work covers private universities, the effect of price deregularization in the US, the Cadbury Report on Corporate Governance and directors' service contracts.

Download or read book Deregulation and Board Composition written by Eric Helland and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the conventional wisdom, a revolving door operates between government and industry. High ranking government officials leave office and head for Washington law firms or major corporations where they use their connections and influence to further their new employers' political interests. Despite the pervasiveness of this story, remarkably little evidence exists on the motivations underlying the revolving door phenomenon. Indeed, a few competing theories attempt to explain the revolving door phenomenon, but almost no work has been done to empirically distinguish which of these theories is most relevant. In this study we examine the participation of political directors on the boards of natural gas companies over a period of deregulation. We focus on the 1986 deregulation of the natural gas extraction companies. This event provides a natural experiment to distinguish between competing theories, namely the traditional rent-seeking revolving door theory and the managerial human asset theory. Using data covering the period from 1978 to 1998, we test whether deregulation altered composition of the board as the firm's environment changed. In particular, did deregulation cause firms to reduce the number of political directors on their boards? We find evidence that board members serve a rent-seeking role. In general, the 1986 deregulation of natural gas extraction is associated with a decrease in the number of political directors on boards. In addition, using a fixed-effects model we find that deregulated firms reduce the number of political directors. Keywords: Corporate governance, deregulation, political directors.

Download or read book Corporate Governance Regulation written by Nicholas V. Vakkur and published by John Wiley & Sons. This book was released on 2013-02-04 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why U.S. corporate governance regulation has lost its way, and what must be done to improve it Modern history persuasively demonstrates the inexorable link that binds comprehensive regulation to the global economy. This important book, rather than simply recount a litany of corporate governance failures, persuasively explains why, despite policymakers' best intentions, regulation has failed in the modern era. An objective study intended for a diverse readership, Corporate Governance Regulation unveils the underlying, root causes of regulatory failure. The result: A compelling and original analysis, broadly suited for a global audience of all backgrounds. Written by published, subject-area experts, the authors carefully delineate how U.S. corporate governance regulation, beginning with Sarbanes Oxley, lacks an adequate rational basis, as may be attributed to a non-existent policy dialogue The witnessed result: A conspicuous lack of regulatory efficacy, enormous costs, coupled with paltry benefits The focus is upon reigniting a stalled, non-productive policy dialogue, by eschewing stale, overly-polemicized arguments, as needed to develop a common ground Drawing from an eclectic, analytic framework, governance experts Nicholas Vakkur and Zulma Herrera offer both the professional and global citizen alike a multi-dimensional understanding of issues critical to global economic health. Nuanced and persuasively argued, Corporate Governance Regulation represents a formidable catalyst in the elusive, ongoing quest for global economic stability.

Download or read book Corporate Governance and Firm Performance written by Mark Hirschey and published by Emerald Group Publishing. This book was released on 2009-04-16 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on corporate governance, broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. This book focuses on: the impact of deregulation and corporate structure on productive efficiency; and the effectiveness of the fraud triangle and SAS.

Download or read book Regulation and Organizations written by Glenn Morgan and published by Routledge. This book was released on 2018-01-12 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1980s and 1990s, organisations have undergone both regulation and deregulation. This set of papers written by a distinguished selection of international experts examines the nature of regulation, its evolution in particular sectors and its impact on social and economic equality. It draws on social theory concerned with the nature of regulation and order in modern societies as well as providing as a series of detailed analyses of particular forms of regulatory regimes in national and international contexts. This book, first published in 1999, should be of particular interest to management and business researchers, sociologists and political economists concerned with the process of regulation and its impact on organisations and management.

Download or read book Governing the Modern Corporation written by Roy C. Smith and published by Oxford University Press. This book was released on 2006-01-12 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nearly seventy years after the last great stock market bubble and crash, another bubble emerged and burst, despite a thick layer of regulation designed since the 1930s to prevent such things. This time the bubble was enormous, reflecting nearly twenty years of double-digit stock market growth, and its bursting had painful consequence. The search for culprits soon began, and many were discovered, including not only a number of overreaching corporations, but also their auditors, investment bankers, lawyers and indeed, their investors. In Governing the Modern Corporation, Smith and Walter analyze the structure of market capitalism to see what went wrong. They begin by examining the developments that have made modern financial markets--now capitalized globally at about $70 trillion--so enormous, so volatile and such a source of wealth (and temptation) for all players. Then they report on the evolving role and function of the business corporation, the duties of its officers and directors and the power of its Chief Executive Officer who seeks to manage the company to achieve as favorable a stock price as possible. They next turn to the investing market itself, which comprises mainly financial institutions that own about two-thirds of all American stocks and trade about 90% of these stocks. These investors are well informed, highly trained professionals capable of making intelligent investment decisions on behalf of their clients, yet the best and brightest ultimately succumbed to the bubble and failed to carry out an appropriate governance role. In what follows, the roles and business practices of the principal financial intermediaries--notably auditors and bankers--are examined in detail. All, corporations, investors and intermediaries, are found to have been infected by deep-seated conflicts of interest, which add significant agency costs to the free-market system. The imperfect, politicized role of the regulators is also explored, with disappointing results. The entire system is seen to have been compromised by a variety of bacteria that crept in, little by little, over the years and were virtually invisible during the bubble years. These issues are now being addressed, in part by new regulation, in part by prosecutions and class action lawsuits, and in part by market forces responding to revelations of misconduct. But the authors note that all of the market's professional players--executives, investors, experts and intermediaries themselves--carry fiduciary obligations to the shareholders, clients, and investors whom they represent. More has to be done to find ways for these fiduciaries to be held accountable for the correct discharge of their duties.

Download or read book The Japanese Corporate Governance System and the Impact of Financial Deregulation written by Ryan Patrick Bayley and published by . This book was released on 2000 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Japanese Deregulation written by and published by . This book was released on 1997 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A History of Corporate Governance around the World written by Randall K. Morck and published by University of Chicago Press. This book was released on 2007-11-01 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Governance Regulation and Bank Stability written by T. Lindblom and published by Springer. This book was released on 2014-07-29 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides novel insight into the governance of banks and looks at regulatory measures for strengthening bank stability. It includes empirical studies on the relationship between the board structures of banks and their financial risk-taking and analyses the determinants of bank reputation and the future prospects of small banks.

Download or read book The Causes and Effects of Deregulation written by Paul W. MacAvoy and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning with railroad regulation in 1887 and continuing for eight decades, the U.S. Federal Government expanded its regulatory scope to cover key transportation, telecommunications and energy sectors. In the last quarter of the 20th century this long-term trend was abruptly and dramatically reversed as important sectors of the U.S. economy were deregulated. This important collection charts the causes and effects of this process. Alongside an original introduction, the carefully selected analyses provided in this volume consider the political and economic forces behind the elimination of regulatory authority and describe how this historic turnaround took place. Did the cessation of government control enable vigorous competition or promote stifling monopolies? The answers found here will inform debates surrounding the regulation of financial and information markets. This collection will be a valuable source of reference for anyone interested in the process of deregulation.

Download or read book Stakeholder Corporate Governance written by Stijn Claessens and published by . This book was released on 2014 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between the early-1970s and the mid-1990s, the U.S. banking sector was deregulated and U.S. workers gained more statuary basic protections. The effects of these two reforms on productive activity have largely been studied separately in the finance and labor literatures. Yet they only have separable impacts under classical production theories, abstracting from frictions and the roles of various stakeholders in corporate governance (e.g., related to bargaining between workers, creditors, and shareholders). Jointly estimating effects, we confirm that bank branch deregulation benefits industries highly dependent on external finance. Employment protection promotes knowledge-intensive industries, consistent with labor search theories with firm-specific investment, but not with neo-classical theories and many empirical studies. Importantly, we find interactions between the two reforms to matter for real economic activity, suggesting stakeholder corporate governance to be important.

Download or read book Economic Regulation and Its Reform written by Nancy L. Rose and published by University of Chicago Press. This book was released on 2014-08-29 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

Download or read book Who Cares Corporate Governance in Today s Equity Markets written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Palgrave Encyclopedia of Strategic Management written by and published by Palgrave Macmillan. This book was released on 2018-05-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Palgrave Encyclopedia of Strategic Management has been written by an international team of leading academics, practitioners and rising stars and contains almost 550 individually commissioned entries. It is the first resource of its kind to pull together such a comprehensive overview of the field and covers both the theoretical and more empirically/practitioner oriented side of the discipline.

Download or read book The Recurrent Crisis in Corporate Governance written by Paul W. MacAvoy and published by Stanford University Press. This book was released on 2004 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking a close look at American corporate governance, the authors show what is missing in today's corporate governance, and support a case for activating the board of directors to put new controls on management and take responsibility for the result.