Corporate Governance and Capital Flows in a Global Economy

by Cornelius, Peter K.; Kogut, Bruce

• ISBN13: 9780195161717
• ISBN10: 0195161718
• Format: Paperback
• Copyright: 2003-08-07
• Publisher: Oxford University Press

Summary

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 seniorresearchers 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 moreintegrated, 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.

Table of Contents

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

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