An introduction to corporate governance: mechanisms and systems
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Copenhagen
DJØF Publ.
2008
|
| Ausgabe: | 1. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 246 S. graph. Darst. |
| ISBN: | 9788757418514 8757418519 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV035333922 | ||
| 003 | DE-604 | ||
| 005 | 20110622 | ||
| 007 | t | ||
| 008 | 090226s2008 dk d||| |||| 00||| eng d | ||
| 010 | |a 2008411810 | ||
| 020 | |a 9788757418514 |9 978-87-574-1851-4 | ||
| 020 | |a 8757418519 |9 87-574-1851-9 | ||
| 035 | |a (OCoLC)191927429 | ||
| 035 | |a (DE-599)BVBBV035333922 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a dk |c DK | ||
| 049 | |a DE-M382 |a DE-355 |a DE-473 | ||
| 050 | 0 | |a HD2741 | |
| 082 | 0 | |a 658.4 |2 22 | |
| 084 | |a QP 341 |0 (DE-625)141862: |2 rvk | ||
| 100 | 1 | |a Thomsen, Steen |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a An introduction to corporate governance |b mechanisms and systems |c Steen Thomsen |
| 250 | |a 1. ed. | ||
| 264 | 1 | |a Copenhagen |b DJØF Publ. |c 2008 | |
| 300 | |a 246 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 7 | |a Bedrijfsbeleid |2 gtt | |
| 650 | 7 | |a Vergelijkend onderzoek |2 gtt | |
| 650 | 4 | |a Corporate governance | |
| 650 | 0 | 7 | |a Corporate Governance |0 (DE-588)4419850-4 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4123623-3 |a Lehrbuch |2 gnd-content | |
| 689 | 0 | 0 | |a Corporate Governance |0 (DE-588)4419850-4 |D s |
| 689 | 0 | |C b |5 DE-604 | |
| 856 | 4 | 2 | |m Digitalisierung UB Regensburg |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017138323&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-017138323 | ||
Datensatz im Suchindex
| _version_ | 1804138647261282304 |
|---|---|
| adam_text | Table
of
Contents
Introduction
................................................................................................... 9
I. An Introduction to Corporate Governance
Chapter
1.
What is Corporate Governance?
........................................... 15
What corporate governance is not
............................................................. 16
The basic governance problem
................................................................... 17
The extended agency problem
.................................................................... 18
Why is corporate governance important?
................................................ 21
Conclusion
...................................................................................................... 22
References
....................................................................................................... 23
Chapter
2.
Agency Problems and Corporate Governance
.................. 25
The owner-manager problem
..................................................................... 28
Agency theory
................................................................................................ 31
Types of agency problems
........................................................................... 31
Information problems
.................................................................................. 32
Moral hazard
.................................................................................................. 33
Adverse selection
.......................................................................................... 34
Alternatives to the agency model
............................................................... 38
References
....................................................................................................... 40
Chapter
3.
The Mechanisms of Governance
.......................................... 41
Moral standards
............................................................................................ 42
Trust and reputation
..................................................................................... 44
Law
.................................................................................................................. 45
Large owners
.................................................................................................. 49
Shareholder pressure
.................................................................................... 50
Boards
.............................................................................................................. 50
Table
of
Contents
Creditors
......................................................................................................... 51
Incentive
systems
.......................................................................................... 52
Auditors
.......................................................................................................... 53
Analysts
.......................................................................................................... 54
Takeovers
........................................................................................................ 54
Competition
................................................................................................... 55
The managerial labour market
................................................................... 55
Corporate governance codes
....................................................................... 55
Media pressure
.............................................................................................. 56
System effects
................................................................................................. 57
References
....................................................................................................... 57
Chapter
4.
International Corporate Governance
................................... 59
Theoretical considerations
........................................................................... 60
International systems
.................................................................................... 64
Country models
............................................................................................. 71
Convergence
.................................................................................................. 73
References
....................................................................................................... 77
II. Understanding Mechanisms of Governance
Chapter
5.
Understanding Corporate Ownership
................................ 85
Ownership of the firm
.................................................................................. 86
Ownership structure
..................................................................................... 87
Ownership and performance
...................................................................... 89
Owner identity
............................................................................................... 90
Best owner
...................................................................................................... 95
References
....................................................................................................... 97
Chapter
6.
What Boards do and Should do
............................................ 101
Introduction
................................................................................................... 101
Board functions: facts and fiction
............................................................... 103
The theory of boards
..................................................................................... 109
The empirical evidence
................................................................................ 115
Empowerment and overload
...................................................................... 119
Discussion
....................................................................................................... 122
References
....................................................................................................... 126
Table
of Contents
Appendix
6.1.
The tasks of the board according
to the combined code
................................................................................... 129
Appendix
6.2.................................................................................................. 132
Chapter
7.
Ethics as a Governance Mechanism
..................................... 135
Business ethics as a governance mechanism
............................................ 136
Optimal business ethics
............................................................................... 141
Actual business ethics
.................................................................................. 143
Discussion
....................................................................................................... 147
References
....................................................................................................... 148
Chapter
8.
Understanding Corporate Governance Codes
.................. 151
Code puzzles
.................................................................................................. 152
Corporate governance codes in theory
..................................................... 154
Stylised facts and puzzles
............................................................................ 156
Statistical evidence on codes
....................................................................... 159
The contents
................................................................................................... 161
Discussion
....................................................................................................... 165
References
....................................................................................................... 167
Appendix
........................................................................................................ 170
III. Understanding International Systems
Chapter
9.
The Anglo-American Market Model and Shareholder
Value
............................................................................................................... 173
The ideal model: shareholder value
........................................................... 173
The market based system: ideal model
..................................................... 176
The US model
................................................................................................. 177
The UK corporate governance model
....................................................... 181
Evaluating the market model
...................................................................... 183
References
....................................................................................................... 186
Appendix
1.
Sarbanes-Oxley
....................................................................... 187
Chapter
10.
Bank Governance in Germany
........................................... 191
Bank governance in theory
.......................................................................... 191
Bank leadership in Germany
...................................................................... 194
Two-tier boards with employee representation
...................................... 195
Table
of Contents
Other characteristics of German corporate governance
......................... 195
Why is Germany different?
......................................................................... 196
Evaluation of the German model
............................................................... 197
References
....................................................................................................... 198
Chapter
11.
Relational Governance in Japan
......................................... 199
Theoretical considerations
........................................................................... 199
The Japanese model
...................................................................................... 200
The Keiretsu system
...................................................................................... 202
History of Japanese corporate governance
............................................... 205
Changes in the Japanese model
.................................................................. 206
Evaluation of the Japanese model
.............................................................. 207
References
....................................................................................................... 208
Chapter
12.
Family Business with East Asia as an example
............... 209
Family business defined
.............................................................................. 209
The costs and benefits of family ownership
............................................. 211
Family ownership and economic performance
....................................... 214
Family control mechanisms
........................................................................ 216
Should dual class shares be prohibited?
................................................... 219
Ownership and control in East Asia
.......................................................... 219
References
....................................................................................................... 223
Chapter
13.
Corporate Governance in Scandinavia
............................. 225
Comparative governance
............................................................................. 227
Evaluating the Scandinavian model
.......................................................... 230
References
....................................................................................................... 232
IV. Conclusion
Chapter
14.
Corporate Governance beyond the Hype
........................ 237
Good corporate governance
........................................................................ 239
Corporate governance reviews
................................................................... 242
Index
................................................................................................................ 245
8
|
| any_adam_object | 1 |
| author | Thomsen, Steen |
| author_facet | Thomsen, Steen |
| author_role | aut |
| author_sort | Thomsen, Steen |
| author_variant | s t st |
| building | Verbundindex |
| bvnumber | BV035333922 |
| callnumber-first | H - Social Science |
| callnumber-label | HD2741 |
| callnumber-raw | HD2741 |
| callnumber-search | HD2741 |
| callnumber-sort | HD 42741 |
| callnumber-subject | HD - Industries, Land Use, Labor |
| classification_rvk | QP 341 |
| ctrlnum | (OCoLC)191927429 (DE-599)BVBBV035333922 |
| dewey-full | 658.4 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.4 |
| dewey-search | 658.4 |
| dewey-sort | 3658.4 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 1. ed. |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01549nam a2200433zc 4500</leader><controlfield tag="001">BV035333922</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20110622 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">090226s2008 dk d||| |||| 00||| eng d</controlfield><datafield tag="010" ind1=" " ind2=" "><subfield code="a">2008411810</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9788757418514</subfield><subfield code="9">978-87-574-1851-4</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">8757418519</subfield><subfield code="9">87-574-1851-9</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)191927429</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV035333922</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">dk</subfield><subfield code="c">DK</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-M382</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-473</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HD2741</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">658.4</subfield><subfield code="2">22</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QP 341</subfield><subfield code="0">(DE-625)141862:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Thomsen, Steen</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">An introduction to corporate governance</subfield><subfield code="b">mechanisms and systems</subfield><subfield code="c">Steen Thomsen</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">1. ed.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Copenhagen</subfield><subfield code="b">DJØF Publ.</subfield><subfield code="c">2008</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">246 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Bedrijfsbeleid</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Vergelijkend onderzoek</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Corporate governance</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Corporate Governance</subfield><subfield code="0">(DE-588)4419850-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4123623-3</subfield><subfield code="a">Lehrbuch</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Corporate Governance</subfield><subfield code="0">(DE-588)4419850-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="C">b</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">Digitalisierung UB Regensburg</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017138323&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-017138323</subfield></datafield></record></collection> |
| genre | (DE-588)4123623-3 Lehrbuch gnd-content |
| genre_facet | Lehrbuch |
| id | DE-604.BV035333922 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T21:31:31Z |
| institution | BVB |
| isbn | 9788757418514 8757418519 |
| language | English |
| lccn | 2008411810 |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-017138323 |
| oclc_num | 191927429 |
| open_access_boolean | |
| owner | DE-M382 DE-355 DE-BY-UBR DE-473 DE-BY-UBG |
| owner_facet | DE-M382 DE-355 DE-BY-UBR DE-473 DE-BY-UBG |
| physical | 246 S. graph. Darst. |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | DJØF Publ. |
| record_format | marc |
| spelling | Thomsen, Steen Verfasser aut An introduction to corporate governance mechanisms and systems Steen Thomsen 1. ed. Copenhagen DJØF Publ. 2008 246 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Bedrijfsbeleid gtt Vergelijkend onderzoek gtt Corporate governance Corporate Governance (DE-588)4419850-4 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Corporate Governance (DE-588)4419850-4 s b DE-604 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017138323&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Thomsen, Steen An introduction to corporate governance mechanisms and systems Bedrijfsbeleid gtt Vergelijkend onderzoek gtt Corporate governance Corporate Governance (DE-588)4419850-4 gnd |
| subject_GND | (DE-588)4419850-4 (DE-588)4123623-3 |
| title | An introduction to corporate governance mechanisms and systems |
| title_auth | An introduction to corporate governance mechanisms and systems |
| title_exact_search | An introduction to corporate governance mechanisms and systems |
| title_full | An introduction to corporate governance mechanisms and systems Steen Thomsen |
| title_fullStr | An introduction to corporate governance mechanisms and systems Steen Thomsen |
| title_full_unstemmed | An introduction to corporate governance mechanisms and systems Steen Thomsen |
| title_short | An introduction to corporate governance |
| title_sort | an introduction to corporate governance mechanisms and systems |
| title_sub | mechanisms and systems |
| topic | Bedrijfsbeleid gtt Vergelijkend onderzoek gtt Corporate governance Corporate Governance (DE-588)4419850-4 gnd |
| topic_facet | Bedrijfsbeleid Vergelijkend onderzoek Corporate governance Corporate Governance Lehrbuch |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017138323&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT thomsensteen anintroductiontocorporategovernancemechanismsandsystems |