Corporate Governance, Financial Markets and Global ConvergenceMorten Balling, Elizabeth Hennessy, Richard O'Brien The papers in this volume were presented in Budapest at the 20th Colloquium of the Société Universitaire Européenne de Recherches Financières (SUERF), arranged in association with the Robert Triffin-Szirák Foundation. Each paper deals with a different aspect of the characteristics of and trends in corporate governance. The three main topics are: Corporate governance of financial institutions; Corporate governance as exerted by financial institutions; Financial instutions as participants in the transfer of corporate governance. £/LIST£ The structure of financial markets and institutions has a significant impact on the ways in which the power to manage corporate resources is allocated. The relative roles of different types of owners and the legal framework within which they operate are currently in a state of flux throughout Europe. Financial integration in the European Union, the transition to open market economies in Central and Eastern Europe and privatization, have a profound effect on the behaviour and influence of different enterprises. This collection of papers demonstrates the range of aspects of corporate governance in a world characterized by rapid technological, political and institutional change which is currently concerning researchers and practitioners. The authors come from a wide number of countries and disciplines, and include people from leading banks and corporations, public officials and academics, providing different perspectives on corporate governance, financial markets and global convergence in eastern and western Europe. Their contributions will be of considerable interest to academics in the fields of finance and banking, monetary economics and macro-economics, and also to professionals in banks, securities houses, corporate treasuries, pension funds, consultancies, law firms, central banks and regulatory bodies. |
Contents
The Effect of Board Size and Composition on Corporate Performance | 1 |
Banks and Corporate Governance in Italy A TwoTier Model | 17 |
The New Financial Landscape and its Impact on Corporate Governance | 41 |
Privatization and Corporate Governance Some Lessons from the Experience of Transitional Economies | 73 |
Corporate Governance in the Netherlands | 89 |
Changing Corporate Governance in Japan | 113 |
Stock Exchange Governance in the European Union | 139 |
Should We Trust Banks When They Sit On the Board of Directors? | 163 |
Corporate Governance West and East A Synthesis of the EU Framework in the Perspective of Enlargement | 199 |
The Role of Institutional Investors in the Corporate Governance of Financial Institutions the UK Case | 217 |
Corporate Governance Competition and Performance | 235 |
Shareholding Concentration and Pyramidal Ownership Structures in Belgium | 263 |
Insurance Company Ownership in the Netherlands Implications for Corporate Governance and Competition | 301 |
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Other editions - View all
Corporate Governance, Financial Markets and Global Convergence Morten Balling,Elizabeth Hennessy,Richard O'Brien No preview available - 2013 |
Corporate Governance, Financial Markets and Global Convergence Morten Balling,Elizabeth Hennessy,Richard O'Brien No preview available - 2010 |
Common terms and phrases
active assets average Banca d'Italia Barca Belgian board of directors Brussels Stock Exchange capital markets cent changes committee company law competition corporate control corporate governance corporate governance system countries Czech Republic direct shareholdings discussion Dutch enterprises equity Europe European executive Financial Economics Financial Governance financial institutions financial markets financial systems firm's performance foreign Germany governance structures holding companies important incentives increase industrial influence insider institutional investors insurance companies investment Italian Italy Japan Journal of Financial keiretsu large shareholders listed companies main bank major managerial market capitalization market for corporate Mayer Mediobanca monitoring N/A N/A N/A Nasdaq Netherlands non-financial OECD owners ownership concentration ownership structure paper participations pension funds percentage portfolio privatization regulation relations relationship remuneration restructuring role sector share stakes stakeholders Stock Exchange stock market supervisory board Table takeovers Tobin's q trading ultimate shareholder voting rights