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Capital Markets and Corporate Governance - Nicholas Dimsdale

Capital Markets and Corporate Governance

By: Nicholas Dimsdale (Editor), Martha Prevezer (Editor)

Hardcover

Published: 2nd June 1994
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This book brings together a collection of papers by leading academics, bankers, and consultants, in a masterful survey of leading 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.
This book examines 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. The contributors 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 examined in several papers, including a discussion of the special problems of small firms. Part II of the book begins with a chapter comparing and contrasting the British experience with other systems, and then authoritatively analyses the Japanese and the German financial and corporate systems.
Capital Markets and Corporate Governance provides an essential insight into issues of corporate financing, accountability of managers, and efficiency. The contributors deal with this complex and topical subject in a comprehensive and lucid manner.

"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

Abbreviationsp. ix
United Kingdom
Introduction: Lord Alexander of Weedonp. 3
The Need to Restore Corporate Accountability: An Agenda for Reform Postscript on the Draft Report of the Cadbury Committeep. 13
Corporate Strategy and Corporate Accountabilityp. 50
Market Assessment of Company Performancep. 66
A Larger Role for Institutional Investorsp. 99
Proposals for a Reformed System of Corporate Governance to Achieve Internationally Competitive Long-Term Performancep. 111
The Changing Relationship between the Banks and Business in the UKp. 128
Small Firms and Clearing Banksp. 141
The Role of the Banksp. 161
Stock-Markets, Financial Institutions, and Corporate Performancep. 179
The Role of the Venture Capital Industry in the UKp. 195
The 'Problems' of Finance for Smaller Businessesp. 209
Germany and Japan
Corporate Governance: The UK Compared with Germany and Japanp. 237
An Overview of the German Financial Systemp. 257
The Role of the German Capital Markets and the Universal Banks, Supervisory Boards, and Interlocking Directorshipsp. 284
An Overview of the Japanese Financial Systemp. 306
The Role of the Japanese Capital Markets: The Effect of Cross-Shareholdings on Corporate Accountabilityp. 325
Indexp. 343
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780198287889
ISBN-10: 0198287887
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 360
Published: 2nd June 1994
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 24.2 x 16.2  x 2.4
Weight (kg): 0.71