...Dunning, John H, The Globalization of Business %) -2 (London and New Yorlt 1993). with the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment." The same two authors underline that their "perspective on corporate governance is a straightforward...

...Vishny (1997, p. 738) define corporate governance as the process "that deals with the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment," and readily admit that their ". . . perspective on corporate governance is a straightforward agency...

...agency theory. In the words of a recent survey, "Corporate governance deals with the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment".1 International comparisons in this tradition have devoted most of their attention to the...

...directors, and managers." Shleifer and Vishny (1997) provide the much narrower definition of: "ways in which suppliers of finance to corporations assure themselves of getting a return on their investment." 9 Providing another perspective, the guidelines of the Organisation for Economic Co-operation and Development...

...Economists Shleifer and Vishny (1997:737) define corporate governance narrowly, as the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment. Why this definition is narrow will become more and more apparent as this book unfolds. 1 1. This is...

...put in more blunt terms by Shleifer and Vishny: "corporate governance deals with the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment" (1997:737). These ways may include the design of an appropriate private incentive contract for the...

...definition of Shleifer and Vishny (1997), for whom "corporate governance deals with the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment." (p. 737). 5. I borrow this phrase from Greif (1997), who emphasizes the importance of this difference...

...directors, and managers." Shleifer and Vishny (1997) provide the much narrower definition of: "ways in which suppliers of finance to corporations assure themselves of getting a return on their investment."9 Providing another perspective, the guidelines of the Organisation for Economic Co-operation...

...Figures 169 1 Introduction Corporate governance is the complex system of control mechanisms by which "the suppliers of finance to corporations assure themselves...return on their investment" (Shleifer and Vishny, 1997: 737). The classical problem of corporate governance is the separation of ownership and control, or...

...an agency problem between financiers (or investors) and managers. They ask about "the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment", and "how (do) the suppliers of finance get the managers to return some of the profits to them" (ibid.,...