Governing the Modern Corporation by Roy C. Smith,Ingo Walter

Governing the Modern Corporation
  • Title : Governing the Modern Corporation
  • Author : Roy C. Smith,Ingo Walter
  • Publisher : Oxford University Press
  • ISBN Code : 9780198038320
  • Pages : 336
  • Format : Pdf - ePub
  • Language : English
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Summary:

Nearly seventy years after the last great stock market bubble and crash, another bubble emerged and burst, despite a thick layer of regulation designed since the 1930s to prevent such things. This time the bubble was enormous, reflecting nearly twenty years of double-digit stock market growth, and its bursting had painful consequence. The search for culprits soon began, and many were discovered, including not only a number of overreaching corporations, but also their auditors, investment bankers, lawyers and indeed, their investors. In Governing the Modern Corporation, Smith and Walter analyze the structure of market capitalism to see what went wrong. They begin by examining the developments that have made modern financial markets--now capitalized globally at about $70 trillion--so enormous, so volatile and such a source of wealth (and temptation) for all players. Then they report on the evolving role and function of the business corporation, the duties of its officers and directors and the power of its Chief Executive Officer who seeks to manage the company to achieve as favorable a stock price as possible. They next turn to the investing market itself, which comprises mainly financial institutions that own about two-thirds of all American stocks and trade about 90% of these stocks. These investors are well informed, highly trained professionals capable of making intelligent investment decisions on behalf of their clients, yet the best and brightest ultimately succumbed to the bubble and failed to carry out an appropriate governance role. In what follows, the roles and business practices of the principal financial intermediaries--notably auditors and bankers--are examined in detail. All, corporations, investors and intermediaries, are found to have been infected by deep-seated conflicts of interest, which add significant agency costs to the free-market system. The imperfect, politicized role of the regulators is also explored, with disappointing results. The entire system is seen to have been compromised by a variety of bacteria that crept in, little by little, over the years and were virtually invisible during the bubble years. These issues are now being addressed, in part by new regulation, in part by prosecutions and class action lawsuits, and in part by market forces responding to revelations of misconduct. But the authors note that all of the market's professional players--executives, investors, experts and intermediaries themselves--carry fiduciary obligations to the shareholders, clients, and investors whom they represent. More has to be done to find ways for these fiduciaries to be held accountable for the correct discharge of their duties.


The American Economic Review by N.A

The American Economic Review
  • Title : The American Economic Review
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Summary:

Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association.


Culture and Corporate Governance by Güler Aras,David Crowther

Culture and Corporate Governance
  • Title : Culture and Corporate Governance
  • Author : Güler Aras,David Crowther
  • Publisher : SRRNet
  • ISBN Code : 0955157714
  • Pages : 234
  • Format : Pdf - ePub
  • Language : English
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UMKC Law Review by N.A

UMKC Law Review
  • Title : UMKC Law Review
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Bibliographic Index by N.A

Bibliographic Index
  • Title : Bibliographic Index
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : 26
  • Format : Pdf - ePub
  • Language : English
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The Journal of Political Economy by N.A

The Journal of Political Economy
  • Title : The Journal of Political Economy
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Summary:

Deals with research and scholarship in economic theory. Presents analytical, interpretive, and empirical studies in the areas of monetary theory, fiscal policy, labor economics, planning and development, micro- and macroeconomic theory, international trade and finance, and industrial organization. Also covers interdisciplinary fields such as history of economic thought and social economics.


The Journal of Economic Perspectives by N.A

The Journal of Economic Perspectives
  • Title : The Journal of Economic Perspectives
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Summary:

This journal attempts to fill a gap between the general-interest press and other academic economics journals. Its articles relate to active lines of economics research, economic analysis of public policy issues, state-of-the-art economic thinking, and directions for future research. It also aims to provide material for classroom use, and to address issues relating to the economics profession.


The British National Bibliography by Arthur James Wells

The British National Bibliography
  • Title : The British National Bibliography
  • Author : Arthur James Wells
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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American Book Publishing Record by N.A

American Book Publishing Record
  • Title : American Book Publishing Record
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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American decline or renewal? by United States. Congress. House. Committee on Science and Technology (2007). Subcommittee on Investigations and Oversight

American decline or renewal?
  • Title : American decline or renewal?
  • Author : United States. Congress. House. Committee on Science and Technology (2007). Subcommittee on Investigations and Oversight
  • Publisher :
  • ISBN Code :
  • Pages : 443
  • Format : Pdf - ePub
  • Language : English
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Journal of Economic Literature by N.A

Journal of Economic Literature
  • Title : Journal of Economic Literature
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Governance Structure and Financial Performance in the Small Corporation by Catherine M. Daily

Governance Structure and Financial Performance in the Small Corporation
  • Title : Governance Structure and Financial Performance in the Small Corporation
  • Author : Catherine M. Daily
  • Publisher :
  • ISBN Code :
  • Pages : 336
  • Format : Pdf - ePub
  • Language : English
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Internal and External Aspects of Corporate Governance by Ahmed Naciri

Internal and External Aspects of Corporate Governance
  • Title : Internal and External Aspects of Corporate Governance
  • Author : Ahmed Naciri
  • Publisher : Routledge
  • ISBN Code : 1135224226
  • Pages : 358
  • Format : Pdf - ePub
  • Language : English
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Summary:

An effective system of corporate governance has both internal and external aspects that have to be sufficiently responsive if governance is to succeed. In this book, Ahmed Naciri examines these two core aspects or the latest buzzword in business and management theory. Internal aspects include ownership structure, the board of directors and committees, internal control, risk management, transparency and financial reporting. External aspects can either be market-oriented, or can take the form of credit ranking, and/or social requirements. Due to the original orientation of the Sarbanes/Oxley Law, concentrating solely on financial disclosure and given its decisive and tremendous influence on all other similar corporate governance legislations all over the world, most writings on corporate governance have dealt with solely internal corporate governance mechanisms. This book aim is to fill up the gap by using a systemic approach and giving a global picture of the corporate governance theoretical foundations, mainly by putting the emphasis on its double dimension: internal and external.


Corporate Governance and Capital Flows in a Global Economy by Peter K. Cornelius

Corporate Governance and Capital Flows in a Global Economy
  • Title : Corporate Governance and Capital Flows in a Global Economy
  • Author : Peter K. Cornelius
  • Publisher : Oxford University Press
  • ISBN Code : 9780195347586
  • Pages : 527
  • Format : Pdf - ePub
  • Language : English
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Summary:

This volume is a timely and insightful exploration into the issues of corporate governance and the impact of corporate governance practices on investments in developing countries. Sponsored by the World Economic Forum, INSEAD, and Wharton, this book collects original essays from senior researchers at the worlds top academic institutions as well as from key policymakers and business leaders, It analyzes global aspects of governance in relation to such issues as corporate performance, privatization, venture capitalism, and workers. With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, Corporate Governance and Capital Flows in a Global Economy is a must read for anyone interested in financial crises international risk management, and global competitiveness.


Corporate Governance in Australia and New Zealand by John Hynes Farrar

Corporate Governance in Australia and New Zealand
  • Title : Corporate Governance in Australia and New Zealand
  • Author : John Hynes Farrar
  • Publisher : Oxford University Press, USA
  • ISBN Code :
  • Pages : 524
  • Format : Pdf - ePub
  • Language : English
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Summary:

This work provides a comprehensive study of the laws and practice of corporate governance in an international setting with particular reference to Australia and New Zealand.


Corporate Governance by R. I. Tricker,Robert Ian Tricker

Corporate Governance
  • Title : Corporate Governance
  • Author : R. I. Tricker,Robert Ian Tricker
  • Publisher : Dartmouth Publishing Company
  • ISBN Code :
  • Pages : 471
  • Format : Pdf - ePub
  • Language : English
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Summary:

The selection of papers that make up this volume range across the entire field of management studies, from early management thought to post modern management theory. An introduction provides an analytical and historical review of the subject.


Governance and Expropriation by Larry H. P. Lang

Governance and Expropriation
  • Title : Governance and Expropriation
  • Author : Larry H. P. Lang
  • Publisher : Edward Elgar Pub
  • ISBN Code :
  • Pages : 467
  • Format : Pdf - ePub
  • Language : English
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Summary:

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.


Governance and Ownership by Robert Watson

Governance and Ownership
  • Title : Governance and Ownership
  • Author : Robert Watson
  • Publisher : Edward Elgar Pub
  • ISBN Code :
  • Pages : 553
  • Format : Pdf - ePub
  • Language : English
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Summary:

This innovative collection brings together key papers which examine the motivations and interests of ownership groups, the processes of corporate decision making, and the consequences of particular governance arrangements for other corporate stakeholders. The careful selection of articles reflects the wide range of research methods used to study the complex inter-relationships involved. Part I considers the diversity of forms of corporate ownership. The following parts examine in detail the relationships between ownership structures and the various aspects of corporate governance. This insightful volume will be of interest to students, researchers and practitioners alike. 20 articles, dating from 1994 to 2001


Journal of CORPORATE FINANCE: Contracting, Governance and Organization by N.A

Journal of CORPORATE FINANCE: Contracting, Governance and Organization
  • Title : Journal of CORPORATE FINANCE: Contracting, Governance and Organization
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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COMPETITION AND CORPORATE GOVERNANCE: SUBSTITUTES OR COMPLIMENTS? EVIDENCE FROM THE WARSAW STOCK EXCHANGE by IRENA GROSFELD AND THIERRY TRESSEL

COMPETITION AND CORPORATE GOVERNANCE: SUBSTITUTES OR COMPLIMENTS? EVIDENCE FROM THE WARSAW STOCK EXCHANGE
  • Title : COMPETITION AND CORPORATE GOVERNANCE: SUBSTITUTES OR COMPLIMENTS? EVIDENCE FROM THE WARSAW STOCK EXCHANGE
  • Author : IRENA GROSFELD AND THIERRY TRESSEL
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Corporate Governance and Financial Reporting: Theoretical context and overview of corporate governance by Niamh Brennan

Corporate Governance and Financial Reporting: Theoretical context and overview of corporate governance
  • Title : Corporate Governance and Financial Reporting: Theoretical context and overview of corporate governance
  • Author : Niamh Brennan
  • Publisher :
  • ISBN Code :
  • Pages : 354
  • Format : Pdf - ePub
  • Language : English
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Corporate Governance: Principles, Polices and Practices, 2/e by A. C. Fernando

Corporate Governance: Principles, Polices and Practices, 2/e
  • Title : Corporate Governance: Principles, Polices and Practices, 2/e
  • Author : A. C. Fernando
  • Publisher : Pearson Education India
  • ISBN Code : 9788131758458
  • Pages : N.A
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  • Language : English
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The Corporate Governance Advisor by N.A

The Corporate Governance Advisor
  • Title : The Corporate Governance Advisor
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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The German Model of Corporate Governance by Peter Nunnenkamp

The German Model of Corporate Governance
  • Title : The German Model of Corporate Governance
  • Author : Peter Nunnenkamp
  • Publisher :
  • ISBN Code :
  • Pages : 34
  • Format : Pdf - ePub
  • Language : English
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Summary:


IBSS: Economics: 2006 Vol. 55 by British Library Of Political And Economi

IBSS: Economics: 2006 Vol. 55
  • Title : IBSS: Economics: 2006 Vol. 55
  • Author : British Library Of Political And Economi
  • Publisher :
  • ISBN Code : 9780415447171
  • Pages : 656
  • Format : Pdf - ePub
  • Language : English
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Summary:

First published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.


The African Journal of Finance and Management by N.A

The African Journal of Finance and Management
  • Title : The African Journal of Finance and Management
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Corporate Governance Versus Economic Governance by Sigurt Vitols

Corporate Governance Versus Economic Governance
  • Title : Corporate Governance Versus Economic Governance
  • Author : Sigurt Vitols
  • Publisher :
  • ISBN Code :
  • Pages : 45
  • Format : Pdf - ePub
  • Language : English
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Privatization and Corporate Governance by I. J. Alexander Dyck

Privatization and Corporate Governance
  • Title : Privatization and Corporate Governance
  • Author : I. J. Alexander Dyck
  • Publisher :
  • ISBN Code :
  • Pages : 52
  • Format : Pdf - ePub
  • Language : English
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Summary:

This paper surveys the issues and devises an analytical framework for policy makers and policy advisors concerned with strengthening corporate governance structures in privatization. The analytical framework highlights the explicit and implicit protections that support effective governance. Data from international studies provide governance benchmarks against which the approach of privatization programs in developed, developing and transition economies can be compared. The evidence suggests that where privatization has been viewed as a success, policy makers have, for the most part, followed international governance benchmarks. Weak performance, in contrast, has been accompanied by insufficient attention to governance concerns in the initial privatization design. The paper identifies rationales for these initial deviations and explores miscalculations associated with these rationales. The paper ends with some tentative policy implications about privatization design and ways to address governance difficulties after privatization.


Fundamentals of Corporate Governance: Executives and performance by Thomas Clarke,Marie dela Rama

Fundamentals of Corporate Governance: Executives and performance
  • Title : Fundamentals of Corporate Governance: Executives and performance
  • Author : Thomas Clarke,Marie dela Rama
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Corporate Governance in an International Perspective by Stephen David Prowse

Corporate Governance in an International Perspective
  • Title : Corporate Governance in an International Perspective
  • Author : Stephen David Prowse
  • Publisher :
  • ISBN Code :
  • Pages : 82
  • Format : Pdf - ePub
  • Language : English
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Summary:


Stock Market Capitalization and Corporate Governance in India by Lalita S. Som

Stock Market Capitalization and Corporate Governance in India
  • Title : Stock Market Capitalization and Corporate Governance in India
  • Author : Lalita S. Som
  • Publisher : Oxford University Press, USA
  • ISBN Code :
  • Pages : 247
  • Format : Pdf - ePub
  • Language : English
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Summary:

"Corporate governance in India is inadequate and does not protect shareholders sufficiently. The wealth of investors is systematically destroyed in India due to the presence of a large number of low capitalized companies (LCCs) whose stock is barely traded. These continue to litter the landscape of Indian stock exchange without being swiftly weeded out. This volume discusses various instruments of corporate governance for protecting investors' interest in an emerging market environment with reference to global practices." "The book emphasizes the importance of concerted efforts by governments, regulatory authorities, and business associations, in encouraging a culture of corporate responsibility, transparency, and accountability, given the high social and economic costs associated with governance crises."--BOOK JACKET.


Corporate Governance by A. C. Fernando

Corporate Governance
  • Title : Corporate Governance
  • Author : A. C. Fernando
  • Publisher : Pearson Education India
  • ISBN Code : 9788177585650
  • Pages : 575
  • Format : Pdf - ePub
  • Language : English
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Corporate Governance and Financial Reporting: Corporate governance and financial reporting by Niamh Brennan

Corporate Governance and Financial Reporting: Corporate governance and financial reporting
  • Title : Corporate Governance and Financial Reporting: Corporate governance and financial reporting
  • Author : Niamh Brennan
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Institutional Investors, Corporate Ownership, and Corporate Governance by Stuart L. Gillan,Laura T. Starks

Institutional Investors, Corporate Ownership, and Corporate Governance
  • Title : Institutional Investors, Corporate Ownership, and Corporate Governance
  • Author : Stuart L. Gillan,Laura T. Starks
  • Publisher :
  • ISBN Code :
  • Pages : 24
  • Format : Pdf - ePub
  • Language : English
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Journal of Finance and Accounting Research by N.A

Journal of Finance and Accounting Research
  • Title : Journal of Finance and Accounting Research
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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Institutional Shareholders and Corporate Governance by Geof P. Stapledon,Vice President Governance Geof Stapledon

Institutional Shareholders and Corporate Governance
  • Title : Institutional Shareholders and Corporate Governance
  • Author : Geof P. Stapledon,Vice President Governance Geof Stapledon
  • Publisher : Oxford University Press on Demand
  • ISBN Code :
  • Pages : 376
  • Format : Pdf - ePub
  • Language : English
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Summary:

The unusual feature of this book is that it compares the system of corporate governance operating in Australia with that operating in the UK, while at the same time also looking carefully at US, German and Japanese experiences. The significance of the subject matter of this book lies in the fact that institutional investors collectively hold a very large proportion of the equity capital of the UK corporate sector and a sizeable proportion of the equity capital of the Australian equivalent. In addition domestic companies occupy an extremely significant position in the UK economy and a significant one in the Australian economy.


The journal of corporate law studies by N.A

The journal of corporate law studies
  • Title : The journal of corporate law studies
  • Author : N.A
  • Publisher :
  • ISBN Code :
  • Pages : N.A
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  • Language : English
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The Life Cycle of Corporate Governance by Igor Filatotchev,Mike Wright

The Life Cycle of Corporate Governance
  • Title : The Life Cycle of Corporate Governance
  • Author : Igor Filatotchev,Mike Wright
  • Publisher : Edward Elgar Pub
  • ISBN Code :
  • Pages : 293
  • Format : Pdf - ePub
  • Language : English
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Summary:

This unique collection of new, previously unpublished chapters examines corporate governance and the various life cycle stages of firms and organizations. The role of the corporate governance life cycle in different industrial and institutional contexts is identified and reviewed, and crucial governance issues relating to the transition between stages are considered. This book will extend our understanding of governance issues beyond the narrow confines of economics and finance perspectives to embrace both learning and knowledge dimensions as well as contextual issues.


Essays on Corporate Finance and Governance by Johan Molin

Essays on Corporate Finance and Governance
  • Title : Essays on Corporate Finance and Governance
  • Author : Johan Molin
  • Publisher : Stockholm School of Economics Efi Economic Research Institut
  • ISBN Code :
  • Pages : 152
  • Format : Pdf - ePub
  • Language : English
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Corporate Governance and Economic Efficiency by Ronald J. Gilson

Corporate Governance and Economic Efficiency
  • Title : Corporate Governance and Economic Efficiency
  • Author : Ronald J. Gilson
  • Publisher :
  • ISBN Code :
  • Pages : 31
  • Format : Pdf - ePub
  • Language : English
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Summary: