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Corporate Governance in a Globalising World: Convergence or Divergence? - A European Perspective (Hardcover, 2002 ed.)
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Corporate Governance in a Globalising World: Convergence or Divergence? - A European Perspective (Hardcover, 2002 ed.)
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Corporate Governance In A Globalising World: Convergence Or
Divergence? presents a broad and multi-disciplinary debate on
corporate governance systems by integrating academic viewpoints,
statistical evidence, as well as field surveys. Based on a large
number of publications and studies, the opinions of researchers are
grouped into three categories: those that believe in a convergence
into the direction of the market-oriented model (with the
Anglo-American model as the reference base), those that opt for
another type of convergence, namely in the direction of a hybrid
corporate governance model (based on cross-reference between
different leading governance models), and those that do not believe
in global convergence but adhere to diversity of governance models.
To test the validity of these three possible routes for the
development of corporate governance systems, the authors approached
this question from an objective perspective based on statistical
evidence. The governance characteristics examined herein include
the role of capital markets, shareholding structures and influence,
shareholder rights, the market for corporate control and
anti-takeover mechanisms, the board system, disclosure rules and
accountability issues.
To complete this statistical analysis the authors include a field
survey based on an inquiry with experts from business, academic and
public institutions. Questions focus on the future outlook of
corporate governance within the European Union, as well as on the
role and format of corporate governance codes and recommendations.
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