Corporate Governance: Recent Developments and New Trends

✍ Scribed by Crocker Liu, David Yermack (auth.), Sabri Boubaker, Bang Dang Nguyen, Duc Khuong Nguyen (eds.)

• Publisher: Springer-Verlag Berlin Heidelberg
• Year: 2012
• Tongue: English
• Leaves: 444
• Edition: 1
• Category: Library

✦ Synopsis

The current crisis has rocked the financial system worldwide and has cast doubt on the effectiveness of the existing regulatory regime. Thousands of firms have gone bankrupt and many financial institutions were bailed out by governments. The effects of the crisis have shaken emerging and developing markets alike and have not spared neither small nor large businesses.

Many scholars and practitioners attribute the roots of the crisis to failures and weaknesses in the way corporate governance has been practiced since the mid-1990s. Lax board oversight of top management, short-termism and self-interested behavior have been fingered as the culprits behind recent financial turmoil.

This book highlights the recent developments and new trends in corporate governance. The eighteen chapters, written by leading academics and experts, can assist corporate executives, governance bodies, investors, market regulators, and policymakers in having a global picture of major corporate governance issues.

This book highlights the recent developments and new trends in corporate governance. The eighteen chapters, written by leading academics and experts, can assist corporate executives, governance bodies, investors, market regulators, and policymakers in having a global picture of major corporate governance issues.

✦ Table of Contents

Front Matter....Pages i-xxiv
Front Matter....Pages 1-1
Where Are the Shareholders’ Mansions? CEOs’ Home Purchases, Stock Sales, and Subsequent Company Performance....Pages 3-28
Does One Size Fit All? A Study of the Simultaneous Relations Among Ownership, Corporate Governance Mechanisms, and the Financial Performance of Firms in China....Pages 29-57
The Role of Multiple Large Shareholders in Public Listed Firms: An Overview....Pages 59-87
Shareholder Activism in Canada: The Emergence of a New Tool for Improving Corporate Governance Practices....Pages 89-104
Front Matter....Pages 105-105
Corporate Governance and Firm Cash Holdings in the U.S.....Pages 107-138
Executive Debt-Like Compensation....Pages 139-156
Pay More Stocks and Options to Directors? Theory and Evidence of Board Compensation....Pages 157-179
Directors in Banks: Compensation and Characteristics....Pages 181-201
Intended and Unintended Consequences of CEO and Top Management Team Compensation....Pages 203-217
Front Matter....Pages 219-219
Are Busy Boards Effective Monitors?....Pages 221-258
Board Diversity as a Shield During the Financial Crisis....Pages 259-285
What Are Friends for? CEO Networks, Pay and Corporate Governance....Pages 287-307
Board Independence, Corporate Governance and Earnings Management in France....Pages 309-322
Front Matter....Pages 323-323
The State of Corporate Governance Research....Pages 325-346
A Sustainable Future for Corporate Governance Theory and Practice....Pages 347-368
National Culture and Corporate Governance....Pages 369-397
Effective Governance in the Family Owned Business....Pages 399-414
Enlightened Shareholder Value: Is It the New Modus Operandi for Modern Companies?....Pages 415-432

✦ Subjects

Human Resource Management; Organization/Planning; Business Strategy/Leadership