TY - BOOK AU - Butt,Shams AU - Chakrabarti,Rajesh AU - Chew,Donald AU - Durnev,Art AU - Dyck,Alexander AU - Easterbrook,Frank H. AU - Franks,Julian AU - Gillan,Stuart AU - Harbula,Péter AU - Kim,E.Han AU - Kim,Woochan AU - Mayer,Colin AU - Megginson,William I. AU - Rajan,Raghuram G. AU - Renneboog,Luc AU - Roe,Mark J. AU - Scannapieco,Dario AU - Scholes,Louise AU - Shivdasani,Anil AU - Simons,Tomas AU - Stendevad,Carsten AU - Stulz,René M. AU - Wright,Mike AU - Wyman,Ann AU - Zingales,Luigi TI - Global Corporate Governance T2 - Columbia Business School Publishing SN - 9780231148559 AV - HD2741 .G56 2009 U1 - 338.6 PY - 2009///] CY - New York, NY : PB - Columbia University Press, KW - Corporate governance KW - International cooperation KW - BUSINESS & ECONOMICS / Corporate Finance / General KW - bisacsh N1 - Frontmatter --; Contents --; Introduction --; PART I. Governance, Markets, and Law --; 1. The Limits of Financial Globalization --; 2. The Political Roots of American Corporate Finance --; 3. International Corporate Diff erences: Markets or Law? --; 4. Explaining Differences in the Quality of Governance among Companies --; Part II: Cross- Country Evidence on Governance Effectiveness and the Cost of Capital --; 5. Control Premiums and the Effectiveness of Corporate Governance Systems --; 6. Globalization, Corporate Finance, and the Cost of Capital --; 7. Which Capitalism? --; Part III: Country- Specific Evidence on Ownership and Governance Structure --; 8. Corporate Governance in India --; 9. The Financial and Economic Lessons of Italy's Privatization Program --; 10. Changes in Korean Corporate Governance: A Response to Crisis --; 11. The Ownership Structure, Governance, and Performance of French Companies --; 12. Corporate Ownership and Control in the U.K., Germany, and France --; Part IV: The Role of Active Investors --; 13. London Business School Roundtable on Shareholder Activism in the U.K. --; 14. Leveraged Buyouts in the U.K. and Continental Europe --; 15. Sovereign Wealth Funds --; About the Contributors --; Index; restricted access; Issued also in print N2 - Effective corporate governance, or the set of controls and incentives that drive top management, originates both outside and inside the firm and assures investors who hope to commit their capital. Essential when buying stocks in one's own country, effective corporate governance is even more important abroad, where information can be less reliable and investor influence (or protection) more limited. In this collection of articles from the Journal of Applied Corporate Finance, more than thirty leading scholars and practitioners discuss the possibilities and limitations of global corporate finance and governance systems, whether in Europe and North America or in the emerging markets of Israel, India, Korea, and South Africa. Essays discuss the political roots of American corporate finance; the structural and financial variations between international corporations; control premiums and the effectiveness of corporate governance systems; debt, folklore, and cross-country differences in financial structures; the driving forces behind the East Asian Financial Crisis of 1997; corporate ownership and control in India, Germany, France, and the United Kingdom; financial and economic lessons of Italy's privatization program; changes in Korean corporate governance; sovereign wealth funds; and the new organization of Canadian business trusts. A special roundtable discussion addresses shareholder activism in the U.K UR - https://doi.org/10.7312/chew14854 UR - https://www.degruyter.com/isbn/9780231519977 UR - https://www.degruyter.com/document/cover/isbn/9780231519977/original ER -