Comparative Corporate Governance: The State of the Art and Emerging ResearchKlaus J. Hopt This book comprises a comprehensive survey of the most recent research being done on corporate governance in the triad -- Europe (with particular emphasis on Germany and the UK), the US and Japan. The comparative nature of the research brings forth new insights which studies conducted within one system may fail to produce. The contributors to this volume represent a unique sample of scholars from throughout the triad and across disciplines. |
Contents
| 5 | |
COLLEEN A DUNLAVY Madison | 8 |
Figures | 16 |
Great Western Railways Voting Rights 1835 | 22 |
Model Voting Rights in Table A 18621906 | 31 |
| 41 | |
Contents | 42 |
E Conclusion | 59 |
Discussion Report | 437 |
a Bank Equity Holdings in NonFinancial Firms | 445 |
A Critical View | 499 |
c The Role of Financial Intermediaries and Capital Markets | 537 |
Discussion Report | 565 |
b Market Failure in Venture Capital Markets for New Medium | 607 |
Discussion Report | 637 |
Experience | 659 |
Discussion Report | 61 |
B An Overview of Voucher Privatization | 75 |
1992 | 78 |
Impacts and Consequences | 96 |
Theory Meets Reality | 111 |
How Should the Regulatory System Be Changed? | 119 |
F Conclusion | 137 |
Discussion Report | 139 |
A Market Approach to Securities Regulation | 148 |
Implementing the Market Approach to Securities Regulation | 189 |
The Regulation of Foreign NonU S Issuers | 206 |
E Conclusion | 216 |
Experience Theories Reforms | 227 |
b Empirical Evidence and Economic Comments on Board Structure | 259 |
c The Practice of the German Aufsichtsrat by J Semler FrankfurtM | 267 |
d The Relationship Between Board Composition and Firm Performance | 281 |
e The Corporate Directors Fiduciary Duty of Care and the Business | 307 |
Discussion Report | 333 |
a Economics of Labor CoDetermination in View of Corporate | 341 |
b German CoDetermination and German Securities Markets | 361 |
c A Note on Labour and Corporate Governance in the U | 373 |
c Jurisprudential and Transactional Developments in Takeovers | 683 |
Discussion Report | 695 |
a Required Disclosure and Corporate Governance | 701 |
b Disclosure and Auditing as Affecting Corporate Governance | 719 |
A German Auditors Perspective | 743 |
Discussion Report | 753 |
Enabling Covenants | 759 |
Criteria | 809 |
Discussion Report | 837 |
a Japanese Corporate Governance as a System | 847 |
b The Economics of Corporate Goverance in Japan | 877 |
c Notes on Corporate Governance in Japan by H Kanda Tokyo | 891 |
Discussion Report | 897 |
A DemandSide | 903 |
Japan | 921 |
c A Survey of German Corporate Governance | 943 |
d A Status Report on Corporate Governance Rules and Practices | 1045 |
| 1201 | |
| 1211 | |
| 1227 | |
Common terms and phrases
accounting Aktiengesellschaft American assets blockholders board composition board members business judgment rule capital markets co-determination Code company law competition corporate control corporate governance corporate law costs court creditors Czech Daimler-Benz debt decisions Deutsche Bank disclosure economic effect efficiency employees equity European federal firm's firms funds German German banks holders holdings important incentive independent directors industry informational asymmetries inside directors institutional investors interest International investment company IPFs issuers Japan Japanese lenders liability listed companies main bank major management board meeting merger monitoring offer owners participation performance portfolio problem proxy regime regulatory relationship result risk role rules securities regulation shareholders stake stock corporations Stock Exchange stock price structure supervisory board supra supra n Table takeover tion Tokyo Stock Exchange trading transactions universal banks volume Ch voting rights voucher voucher privatization