Description: Financial Integration, Corporate Governance, and the Performance of Multinational Companies, Hardcover by Fukao, Mitsuhiro, ISBN 081572988X, ISBN-13 9780815729884, Like New Used, Free shipping in the US The increased globalization of production processes and the integration of the world's financial markets have placed considerable pressures on companies to reevaluate their governance structures. These structures, which vary from country to country, affect everything from financial fluidity and competitiveness to rules on insider trading, takeover, and accounting and disclosure practices. Should a single model of corporate governance be adopted as a world standard? In this book, part of the Integrating National Economies series, Mitsuhiro Fukao argues against the impulse to adopt a single system of corporate governance. He provides a comprehensive comparison of corporate governance structures in France, Germany, Japan, the United Kingdom, and the United States, outlining the advantages of each type of structure and analyzing the important behavioral differences among them. He explains the order of importance of various stakeholders - creditors, top executives, core employees, and shareholders - the cost of capital, and the use of labor in each country. Given the different advantages of the various systems and their deeply rooted institutional backgrounds, Fukao contends that it is neither desirable nor feasible to adopt a single model of governance as the world standard. Instead, each country should allow various complementary forms of governance in order to create healthy competition among companies and more efficient corporate structures.
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Book Title: Financial Integration, Corporate Governance, and the Performance
Number of Pages: 170 Pages
Publication Name: Financial Integration, Corporate Governance, and the Performance of Multinational Companies
Language: English
Publisher: Brookings Institution Press
Publication Year: 1995
Subject: Corporate Governance, Banking, International / General, Corporate Finance / General
Item Weight: 1 Oz
Type: Textbook
Subject Area: Law, Business & Economics
Author: Mitsuhiro Fukao
Item Length: 9 in
Item Width: 6 in
Format: Hardcover