Complementarities in Corporate Governance

Ralph P. Heinrich (Autor)

Buch | Hardcover

XVI, 234 Seiten

2002 | 2002
Springer Berlin (Verlag)
978-3-540-43226-5 (ISBN)

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Corporate governance reform is currently on the agenda in the European Union, the United States, Japan and in emerging market economies. This book takes a fresh look at the reform debate by focusing on the trade-offs involved in reconciling the diverging interests of shareholders, creditors and managers. It shows how effective corporate governance systems exploit complementarities between the incentives generated by the capital structure, the ownership structure, investor monitoring, takeover threats, and management compensation to minimize the sum of all agency costs facing the public corporation. The book combines a general theoretical treatment with a detailed study of the institutions of corporate governance in Germany, Japan and the United States and a critical assessment of recent reforms.

Introduction.- Corporate Governance Systems - The Gap between the Descriptive and the Formal Literature.- Modeling Complementarities in Corporate Governance.- Comparing Corporate Governance Systems.- Systemic Complementarities.- Conclusions.

Erscheint lt. Verlag	4.6.2002
Reihe/Serie	Kieler Studien - Kiel Studies
Zusatzinfo	XVI, 234 p.
Verlagsort	Berlin
Sprache	englisch
Maße	155 x 235 mm
Gewicht	528 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
Schlagworte	Complementarities • Corporate Governance • Hardcover, Softcover / Wirtschaft/Betriebswirtschaft • HC/Wirtschaft/Betriebswirtschaft • Principal-agent • Problem
ISBN-10	3-540-43226-4 / 3540432264
ISBN-13	978-3-540-43226-5 / 9783540432265
Zustand	Neuware