By: Peter K. Cornelius (Editor), Bruce Kogut (Editor)

Paperback

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This volume is a timely and insightful exploration into the issues of corporate governance and the impact of corporate governance practices on investments in developing countries. Sponsored by the World Economic Forum, INSEAD, and Wharton, this book collects original essays from senior researchers at the worlds top academic institutions as well as from key policymakers and business leaders, It analyzes global aspects of governance in relation to such issues as corporate performance, privatization, venture capitalism, and workers. With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, Corporate Governance and Capital Flows in a Global Economy is a must read for anyone interested in financial crises international risk management, and global competitiveness.

"Restoration of confidence in the market economy and in the efficient allocation of resources internationally depends on improvements in corporate governance. This collection of essays, all by leaders in their respective fields, offers essential guidance to those charged with raising governance standards worldwide."--Sir Adrian Cadbury, former Chairman of Cadbury Schweppes and recipient of the International Corporate Governance Network Award "This book is an important contribution to the analysis of the current corporate governance risks and challenges with a particular emphasis on the contribution corporate governance can make to the development of emerging markets. The quality of the authors, the depth of their analyses, and their wide scope make it a must-read foa all who take an interest in the current corporate governance debate."--Jaap Winter, Chairman, High Level Group of Company Law Experts, European Commission and Professor of International Company Law, Erasmus University of Rotterdam "Everyone agrees that good corporate governance is a cornerstone of any modern market-oriented economy. But what IS good corporate governance, and are there principles universal across countries? This fundamental question is addressed in a superb collection of essays, featuring a leading cast of academics and practitioners and penned in an unusually lively style. Policymakers not only in emerging market economies, but in developed economies as well, should find this book extremely helpful."--Kenneth Rogoff, Economic counselor and Director, International Monetary Fund "...this book is well conceived and well executed."--Journal of Economic Issues

Foreword
Foreword
Contributors
Introduction
Corporate Governance and Capital Flows in a Global Economy
Current and Emerging Challenges in Corporate Governance
Enron and Its Aftermath
What Caused Enron?
A Capsule of Social and Economic History of the 1990's
Chareholder Value Corporate Governance and Corporate Performance
A Post-Enron Reassessment of the Conventional Wisdom
The Bubble and the Media
Expanding the Purview of Governance: Employees and Early Investors
Employees and Corporate Governance
Venture Capital and Corporate Governance
Corporate Governance, Economic Development, and Cross-Border Capital Flows
Capital Flows and Multinational Corporations
Prospects for Emerging-Market Flows Amid Investor Concerns About Corporate Governance
Direct Investment and Corporate Governance: Will Multinational Corporations ""Tip"" Countries Toward Institutional Change?
Corporate Risk Assessment and Business Strategy
A Prime Task for Senior Management
Role of Foreign Banks in Governance
Foreign Bank Ownership and Corporate Governance in Emerging-Market Economies
Emerging Owners Eclipsing Markets?
Corporate Governance in Central and Eastern Europe
Law and Governance
Corporate Governance and Private Capital Flows to Latin America
Institutions, Corporate Governance and amd Crises
Of Legal Transplants Legal Irritants and Economic Development
Investors' and Practitioners' Perspectives
Governance Seen by the Minority Shareholder
Portfolio Investment in Emerging Markets
An Investor's Perspective
Corporate Governance, Public Policy and Private Investment Decisions, 2002
Corporate Governance
Responsibilities of Fund Managers and Institutional Investors
Corporate Governance and Private Equity Investments
Max Burger-Calderon Philipp Gusinde, and Stefan Hoffman
Corporate Governance in Transition: China, Russia and Poland
Corporate Governance in Mainland China
Where Do We Go from Here?
Governance in an Emerging Financial Market
The Case of Russia
Governance in an Emerging Financial Market
The Case of Poland
Social Corporate Responsibility and the New Learning
Corporate Values Enterprise Risk and the Board
Redefining the Role and Content of Corporate Governance from the Perspective of Business in Society and Corporate Social Responsibility. Lutgart van den Berghe in collaboration with
Learning From Our Mistakes
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780195161717
ISBN-10: 0195161718
Series: Economics
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 524
Published: 1st August 2003
Dimensions (cm): 23.419 x 16.205  x 2.438
Weight (kg): 0.731