Overview

Contributors: N. Dimsdale, J. Kay, P. Marsh, J. Charkham, A. Sykes, D. McWilliams, A. Sentance, M. Middleton, D. Lomax, C. Mayer, A. Beecroft, A. Hughes, M. Prevezer, M. Ricketts, J. Edwards, E. Schneider-Lenné, J. Corbett, S. Masuyama, K. Fischer Written by leading academics, bankers, and consultants, this book discusses major issues in corporate governance. The papers concentrate upon the financing of corporations, and the role of the banks and stock markets in the United Kingdom, Germany, and Japan. A central theme of the book is a constant awareness of the links between the accountability of senior managers, the system of corporate governance, and the performance of a company. The contributors examine the role of shareholders, company boards, and managers under a market-based system as in the UK and USA, in comparison with the `insider' system found in Japan and, to a lesser extent, Germany. They discuss the view that this UK system leads to a preoccupation with short-term corporate performance and a greater likelihood of hostile takeovers. The contribution of the banks to corporate finance and control is also examined, including a discussion of the spcial problems of small forms. The Japanese and the German financial and corporate systems are authoritatively analysed.

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9780198287889

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Those with a serious interest in the relationship of the markets to corporate governance will find this book a quarry of useful data and anlysis, with a good comparative section on Germany and Japan Jonathan Charkham. 'Capital Markets and Corporate Governance provides heavy-weight background reading for students in this field. It is concerned not so much with ethics but with the way in which the nature of capital markets (as the sources of investment) affects the way in which companies are run.' RSA Journal 'Capital Markets and Corporate Governance provides heavy-weight background reading for students in this field. It is concerned not so much with ethics but with the way in which the nature of capital markets (as the sources of investment) affects the way in which companies are run.' RSA Journal The collection will help to clarify the issues and provide business and financial historians with interesting hypotheses to examine in earlier periods ... There are ... enough papers of interest for the volume to be of value to business historians. Business History

Those with a serious interest in the relationship of the markets to corporate governance will find this book a quarry of useful data and anlysis, with a good comparative section on Germany and Japan Jonathan Charkham. `Capital Markets and Corporate Governance provides heavy-weight background reading for students in this field. It is concerned not so much with ethics but with the way in which the nature of capital markets (as the sources of investment) affects the way in which companies are run.' RSA Journal `Capital Markets and Corporate Governance provides heavy-weight background reading for students in this field. It is concerned not so much with ethics but with the way in which the nature of capital markets (as the sources of investment) affects the way in which companies are run.' RSA Journal `The collection will help to clarify the issues and provide business and financial historians with interesting hypotheses to examine in earlier periods ... There are ... enough papers of interest for the volume to be of value to business historians.' Business History

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