Journals Higher Education

$82.95

Paperback

16 January 1997

384 Pages | 49 linecuts & halftones

7-1/2 x 9-1/4 inches

ISBN: 9780195107951


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Bookseller Code (04)

Studies in International Corporate Finance and Governance Systems

A Comparison of the U.S., Japan, and Europe

Edited by Donald Chew

The past decade has given rise to a growing debate over the relative efficiency of different national economic systems. There are two basic corporate finance and governance systems that predominate in today's developed economies. One is the Anglo-American "market based" model, with widely dispersed shareholders and a fairly vigorous corporate control market. The other is the Japanese and German "relationship based" system, with its large bank and intercorporate holdings (and conspicuous absence of takeovers). Given the increasing globalization of business, which of these two systems can be expected to prevail over time? Or will the most valuable aspects of each be blended into a single new system? The story now being told by economists and management experts - one that this book attempts to present - is a complicated one.
Studies in International Corporate Finance and Governance Systems consists of 27 articles (and two roundtable discussions) written by academic and management experts in the fields of corporate finance and governance. Given its commitment to translating outstanding academic research into relatively plain English for practicing businessmen, this book should prove especially useful for corporate executives.

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