The purpose of this book is to get the reader acquainted with the basic features that run through the fields of corporate, public and global governances; to introduce the new subject of Governance Risks, within the context of organisations in a global economy; to provide a set of tailor-made tools and make them operational, so as to cope with governance risks. It also provides a clinical approach to diagnose and treat governance failures, the incremental cash-flow model that strongly articulates with the clinical approach, the index of governance performance, from which the metrics of governance risks evolves eventually. This book conveys a self-contained treatment based on step-by-step learning, from the basics of the subject through building blocks that deal with tools for decision-making, and ending up with the Governance-Risk Scoreboard.

Capitalism and the liberal approach to markets have been assailed for long, and from several quarters as well, on the grounds of an extensive swathe of topics stretching from globalization through wealth distribution, infighting among groups of interest, unemployment, wide-ranging poverty, class struggles, imperialism and the like. There is no denying that time runs out for both capitalism and liberal markets in representative democracies. On the other hand, authoritarian or populist regimes are intensely trying other political and economic roads by putting on impressive performances as the one China has claimed for the last decades. This book, however, sets forth another standpoint, asserting that capitalism and economic liberalism have fostered and empowered a triad comprising organized crime, corruption and ecocide to an extent not witnessed before in human history. This partnership stemmed from the internal dynamics of capitalism and economic liberalism that failed in strengthening the institutions of representative democracies and neglected the most basic social issues. To add insult to injury, the triad took advantage of the same tool kit of organizational skills and technologies that allowed praiseworthy companies to thrive and develop, but without displaying any moral constraint and with dire contempt of the law instead. In contrast with the conventional approach, this book connects the dots between the bad politics and worse governance that organizations in the triad extensively have carried out so far. For the first time in the literature, the threads of organized crime, corruption and ecocide are borne to light by showing how rotten politics and criminal governances have been intertwined in the end. If capitalism and the liberal economics are doomed to failure, the trappings of the triad put both ideologies on the slippery slope and will bring them to account at last. It is the author's contention that to redress the balance in representative democracies, their underlying political systems must work their way through post capitalism by means of social democracy and social markets, which amounts to a new governance and a better politics. The broad and innovative scope of the book can be surveyed through the titles of its seven chapters: governance and politics; how accountability and transparency become social learning processes; political conflict-systems and dual governance; dysfunctional governance, the capture of the state, and corruption; the governance and politics of organized crime and ecocide; the day of reckoning for capitalism and the liberal market system; social democracy, social markets, and the welfare state will stand for post capitalism.

The purpose of this book is to get the reader acquainted with the basic features that run through the fields of corporate, public and global governances; to introduce the new subject of Governance Risks, within the context of organisations in a global economy; to provide a set of tailor-made tools and make them operational, so as to cope with governance risks. It also provides a clinical approach to diagnose and treat governance failures, the incremental cash-flow model that strongly articulates with the clinical approach, the index of governance performance, from which the metrics of governance risks evolves eventually. This book conveys a self-contained treatment based on step-by-step learning, from the basics of the subject through building blocks that deal with tools for decision-making, and ending up with the Governance-Risk Scoreboard.

This book provides the reader with an introduction to Public Governance. To achieve such goal it enlarges upon six broad issues, each of them requiring a whole chapter: The semantics of Public Governance; The analytical framework and underlying logic of Public Governance; The Public Governance toolbox; How governance structures carry out their brokerage of asymmetric information; Dual governance and the case of state-owned banks; Globalising Public Governance; Each chapter includes a section with revision questions, whereas some of them also comprise a technical appendix.

Capitalism and the liberal approach to markets have been assailed for long, and from several quarters as well, on the grounds of an extensive swathe of topics stretching from globalization through wealth distribution, infighting among groups of interest, unemployment, wide-ranging poverty, class struggles, imperialism and the like. There is no denying that time runs out for both capitalism and liberal markets in representative democracies. On the other hand, authoritarian or populist regimes are intensely trying other political and economic roads by putting on impressive performances as the one China has claimed for the last decades. This book, however, sets forth another standpoint, asserting that capitalism and economic liberalism have fostered and empowered a triad comprising organized crime, corruption and ecocide to an extent not witnessed before in human history. This partnership stemmed from the internal dynamics of capitalism and economic liberalism that failed in strengthening the institutions of representative democracies and neglected the most basic social issues. To add insult to injury, the triad took advantage of the same tool kit of organizational skills and technologies that allowed praiseworthy companies to thrive and develop, but without displaying any moral constraint and with dire contempt of the law instead. In contrast with the conventional approach, this book connects the dots between the bad politics and worse governance that organizations in the triad extensively have carried out so far. For the first time in the literature, the threads of organized crime, corruption and ecocide are borne to light by showing how rotten politics and criminal governances have been intertwined in the end. If capitalism and the liberal economics are doomed to failure, the trappings of the triad put both ideologies on the slippery slope and will bring them to account at last. It is the author's contention that to redress the balance in representative democracies, their underlying political systems must work their way through post capitalism by means of social democracy and social markets, which amounts to a new governance and a better politics. The broad and innovative scope of the book can be surveyed through the titles of its seven chapters: governance and politics; how accountability and transparency become social learning processes; political conflict-systems and dual governance; dysfunctional governance, the capture of the state, and corruption; the governance and politics of organized crime and ecocide; the day of reckoning for capitalism and the liberal market system; social democracy, social markets, and the welfare state will stand for post capitalism.

Both current theory and practice in financial markets are undergoing a strong pressure to include recently developed fields of inquiry, namely market microstructure, transaction costs and asymmetric information. This claim has been taking shape after nearly thirty years of worthy research and empirical development that laid sound groundwork to those promising subjects. The purpose of this book is to introduce a new approach to work out the returns from financial assets. Firstly, by means of the concept of differential rates, which allow the breaking down of the ordinary rate of return into components that are rates on their own. Secondly, residual information sets are built up to match each differential rate with its underlying information.