Corporate Governance in the New Global Economy series – serie

This authoritative research review provides a broad overview of the role that family firms, both those publicly listed and privately held, play in the global economy. The editors have selected seminal papers which investigate how the family business model affects firm performance and corporate decision making, and contribute to disentangling the interrelations that exist between family control of corporations and other governance mechanisms. Given the relevance of corporate governance and family firms for the economy and society as a whole, the present collection constitutes a point of reference for family business researchers, practitioners and policymakers alike. A better understanding of family firms is of paramount importance because these companies are the main drivers of economic growth all over the world. This title, with an original introduction by the editors, will be an excellent source of reference for students, practitioners and researchers in the field of governance and family firms.

Corporate Citizenship (CC) has emerged as a widely used way of describing the role of business in wider society. As such, CC has been popular with academics, business leaders and politicians alike, as it locates the private corporation within a network of mutual responsibilities and obligations in their social environment. This title takes stock of the debate by tracing back its origin, identifying the key topics and delineating the key controversies. The book places the discussion on corporate citizenship in a political context within the wider debate on the role of business in society. In doing so, the individual chapters feature major contributions by the leading scholars in this area and provide an overview of ongoing developments, in particular at the transnational level.

This authoritative new collection contains reprints of seminal articles on the subject of auditing and its relationship to the way in which outside stakeholders monitor the activities of corporate management. Whilst the primary audience is students in upper-level undergraduate and graduate accounting courses, the book should also be of use to existing researchers, as it collects together the 'must read' articles on the subject in a readily accessible form.The articles have been selected to cover four broad topic areas: (i) the role of auditing in the governance process, (ii) audit quality and auditor reputation, (iii) governance and audit committees and (iv) the relationship between internal and external auditors. The readings show that much work has been done and that there now exists a substantial body of knowledge of how auditing can contribute to corporate governance. The volume makes an important contribution to an issue that will continue to raise challenges in the years ahead.

This insightful collection presents key papers by leading financial economists on the subject of corporate governance across the world.The volumes bring together articles that describe, analyse and empirically explore the range of mechanisms that influence company managers and decision makers to maximise the value of a company to its owners. The selection includes studies based on companies throughout the world, allowing comparisons of corporate governance systems between countries.This authoritative two-volume set will be of interest to managers of multinational corporations and financial institutions as well as policymakers and scholars with an interest in cross-border corporate governance.

This unique volume brings together contributions on corporate governance published in various disciplines, including accounting, economics, finance and management. Mahmoud Ezzamel presents a collection of seminal papers that focus on the relationship between boards of directors and corporate governance. Governance, Directors and Boards investigates such important issues as the composition of boards of directors, their key overall roles as mechanisms of governance, the impact of the board on the nature of decision making in contemporary organisations, and the role of the relationship between the board and the determination of executive remuneration.

This insightful volume explores the issue of why some nations have deep securities markets while others do not, and investigates the new hope that securities markets could be the road to wealth and not just the result of it. This collection of key articles, together with the editor's comprehensive introduction, examines the recently emergent theories in the field.

This unique collection of new, previously unpublished papers demonstrates the importance of corporate governance throughout the different stages of the life-cycle of firms and organisations, and in particular in the crucial transitions between stages. In so doing it redresses an imbalance created by the wealth of literature and research devoted to the study of corporate governance in mature firms only. The book gives equal consideration to the monitoring and control functions of corporate governance mechanisms, and to the resource and strategic roles of governance in the decision-making process. In so doing it attempts to provide a framework through which to understand the factors that affect the balance between the possible functions of corporate governance.It is suggested in these papers that an analysis of the firm's governance life-cycles cannot be separated from the economic and institutional dynamics in a particular country, and as such the book reviews the role of the corporate governance life-cycle in different industrial and institutional contexts.

This authoritative collection reprints in book form some of the most important research papers on the principles and practice of governance in the public sector.Part one reflects on the eclectic nature of public-sector governance research, presenting papers which represent six different perspectives of the meaning of governance in a public sector setting. Parts two and three focus on the relationship between governance structures and public sector management and accountability. The articles presented in part four consider governance within various national and international contexts, such as the IMF and the World Bank, the USA, Europe and Australia together with the impact of globalisation on governance in developing countries.Ron Hodges' collection will provide an invaluable source of understanding to all those working in the field of public sector governance.

Corporate groups outside the US are often controlled by a complex of ownership links, which typically form a pyramidal structure: a private holding company sits at the top of a control pyramid of several tiers of companies; firms in the lowest tier are the group's publicly listed companies. The usual practice of expropriation in such groups is to pass bad assets to companies down the pyramid and to pass the proceeds up the pyramid via internal transactions. For this collection Larry Lang has selected some of the most significant previously published articles by leading academics which investigate this process and its consequences. The volume explores the nature of ownership structure in countries outside the US and examines how controlling owners expropriate minority shareholders. It includes articles which analyse the pros and cons of the various finance and accounting issues resulting from this separation of ownership and control, and presents some country-specific studies which examine the impact of this disjunction.The editor has written an authoritative introduction which provides explanatory information and points the way for future research in this area.

This important volume re-integrates corporate governance and business ethics which are too often treated as separate entities. The editors have selected seminal works which refocus on the ethical import of corporate governance foundations. This collection also traces recent ways in which the ethics of corporate governance have been articulated through reviews of practice, ethical re-evaluations, agency theory, the stakeholder concept, and comparative and international developments. It brings together a range of alternative perspectives and new directions in this vital and dynamic field. The authoritative volume will be an essential source of reference for students and scholars concerned with the power and responsibility of corporations.

This title is an authoritative selection of the most important papers investigating the complex and controversial issue of governance and executive compensation. Professor Forbes includes seminal material on the history, rationale and prospects for executive pay and its impact upon corporate performance. This landmark research review will be an essential source of reference for an understanding of executive pay and its relationship to business success.

In this unique collection of published articles by leading scholars in the field, Professor Filatotchev examines critical governance issues relating to different stages of the business life cycle. He identifies and reviews the role of factors such as ownership structure, shareholder activism and corporate boards in different firm-level and industrial contexts. This volume extends our understanding of governance issues beyond the narrow confines of economics and finance perspectives and provides a better account for the interdependencies of corporate governance practices within diverse technical, managerial, and institutional environments.The editor has written an authoritative introduction which provides explanatory information and points the way for future research in this area.