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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Complementarities in Corporate Governance

Complementarities in Corporate Governance

Heinrich, Ralph P.

Hardcover

Series: Kieler Studien - Kiel Studies, Book 316

EconomicsManagement

ISBN10: 3540432264
ISBN13: 9783540432265
Publisher: Springer Nature
Published: Jun 4 2002
Pages: 234
Weight: 1.18
Height: 0.63 Width: 6.14 Depth: 9.21
Language: English
Corporate governance reform is currently on the agenda in the European Union, the United States, Japan and in emerging market economies. This book takes a fresh look at the reform debate by focusing on the trade-offs involved in reconciling the diverging interests of shareholders, creditors and managers. It shows how effective corporate governance systems exploit complementarities between the incentives generated by the capital structure, the ownership structure, investor monitoring, takeover threats, and management compensation to minimize the sum of all agency costs facing the public corporation. The book combines a general theoretical treatment with a detailed study of the institutions of corporate governance in Germany, Japan and the United States and a critical assessment of recent reforms.

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