Corporate Control and Private Property Rules

Corporate Control and Private Property Rules PDF Author: George David Hornstein
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 44

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Book Description

Corporate Control and Private Property Rules

Corporate Control and Private Property Rules PDF Author: George David Hornstein
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 44

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Book Description


The Modern Corporation and Private Property

The Modern Corporation and Private Property PDF Author: Adolf Augustus Berle
Publisher:
ISBN:
Category : Corporation law
Languages : en
Pages : 396

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Book Description


The Modern Corporation and Private Property

The Modern Corporation and Private Property PDF Author: Adolf A. Berle (Jr.)
Publisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 432

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Property Rights in Firms

Property Rights in Firms PDF Author: Curtis J. Milhaupt
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
This paper presents a property-rights-based approach to comparative corporate governance. Two central claims are advanced. The first is that property rights institutions are the principal source of diversity among national corporate governance systems. More specifically, firms in a given economy are shaped by (1) the extent to which control rights over assets are allocated to politicians and bureaucrats rather than private agents, and (2) the degree to which control rights over assets are legally as opposed to politically or socially enforced. To illustrate, the paper examines cross-country data on such factors as economic freedom, corruption, and political risk to create a property rights spectrum for the United States, Japan, and South Korea that explains observed corporate governance differences among the three countries.The second claim is that convergence of corporate governance systems will be limited, despite the existence of powerful market forces operating at the global level. Property rights analysis is again used to frame the argument. While the efficiency concerns that drive the mechanisms of convergence operate powerfully on firm managers, they act only weakly on the political actors who hold significant control rights over firms in every economy. Thus, convergence will occur only where institutional inertia grounded in politics can be overcome. Even where formal rules converge, differences in enforcement practices linked to distinctive national structures are likely to persist.

The Oxford Handbook of Corporate Law and Governance

The Oxford Handbook of Corporate Law and Governance PDF Author: Jeffrey Neil Gordon
Publisher: Oxford University Press
ISBN: 0198743688
Category : Business & Economics
Languages : en
Pages : 1217

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Book Description
Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.

The SAGE Handbook of Corporate Governance

The SAGE Handbook of Corporate Governance PDF Author: Thomas Clarke
Publisher: SAGE
ISBN: 1446263827
Category : Business & Economics
Languages : en
Pages : 681

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Book Description
The urgent and sustained interest in corporate governance is unprecedented, with the connections between corporate governance and economic performance being emphasized by the World Bank, the IMF and others in the global economic community. In this timely and definitive intellectual analysis of a key discipline, The SAGE Handbook of Corporate Governance offers a critical overview of the key themes, theoretical controversies, current research and emerging concepts that frame the field. Consisting of original substantive chapters by leading international scholars, and examining corporate governance from an inter-disciplinary basis, the text highlights how governance issues are critical to the formation, growth, financing, structural development, and strategic direction of companies and how corporate governance institutions in turn influence the innovation and development of industrial and economic systems globally. Comprehensive, authoritative and presented in a highly-accessible framework, this Handbook is a significant resource to those with an interest in understanding this important emerging field.

The Creation of the Rule of Law and the Legitimacy of Property Rights

The Creation of the Rule of Law and the Legitimacy of Property Rights PDF Author: Karla Ruth Hoff
Publisher: World Bank Publications
ISBN:
Category : Economia en transicion
Languages : en
Pages : 50

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Book Description
"How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? The authors investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets cannot be fully protected under a change in the legal regime towards rule of law, and that the number of agents with control rights over assets is large. They show that a demand for broadly beneficial legal reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping assets, and strippers may gain from a weak and corrupt state. The outcome can be inefficient even from the narrow perspective of the asset-strippers."

Natural Resources Code

Natural Resources Code PDF Author: Texas
Publisher:
ISBN:
Category : Natural resources
Languages : en
Pages : 588

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The Modern Corporation and Private Property

The Modern Corporation and Private Property PDF Author: Adolf A. Berle (Jr.)
Publisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 396

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Book Description


State Corporate Control in Transition

State Corporate Control in Transition PDF Author: Piotr Kozarzewski
Publisher: Springer Nature
ISBN: 3030785629
Category : Business & Economics
Languages : en
Pages : 372

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Book Description
Since the global financial crisis of 2008-2009, there has been a growing interest among policy makers towards the more active role of the state in the enterprise sector. This book provides valuable insight into the changing role of state-owned enterprises in economic policy, a topic at the cross section of several interrelated, but usually independent research streams first of all transition research, varieties of capitalism literature, public choice approach and institutionalism studies. With the existing literature on state ownership concentrating on the developed economies and on selected emerging economies, this book fills an important gap in focusing on the post-communist transition countries. The Polish experience is looked at in a comparative perspective of selected transition countries, which deserve special attention as they had to cope with a radical change of their economic policies towards the enterprise sector. This book will be valuable reading for academics in economic policy, transition economics, and institutional economics, and policy makers and practitioners in EU bodies and emerging economies.