Going off the Rails: Global Capital and the Crisis of Legitimacy
The capitalist model was developed in the 19th century and recent events have shown the difficulties of adapting this to the demands of the 21st century, in which human and social capital are of far greater importance than physical capital. In Going off the Rails, John Plender shows how corporate scandals, inflated boardroom pay, corporate governance disciplines and outmoded accountancy conventions have stretched the Anglo-American model to its limit and what the effects of this might be on globalisation and the capital markets.
What people are saying - Write a review
We haven't found any reviews in the usual places.
19th century acquisitions Alan Greenspan American analysts Anglo-American model anti-globalization Asian crisis assets audit auditors bankers behaviour biggest British Calpers capital flows capital market model capital markets cent central banks Chairman Chief Executive China clients collapse Company Law company’s competitive Continental Europe Continental European corporate governance cost country’s creative destruction crony capitalism currency debt despite developing countries developing world economic growth economists efficient emerging market economies employees Enron equity Europe’s financial crises financial system foreign fund-managers German global capital Goldman Sachs gross domestic product hedge fund high-tech hostile takeover incentive industry institutions interest rates investment banks investors Japan Japanese keiretsu labour less Marconi model of capitalism pension fund political politicians portfolio potential private capital problem profits risk savings sector share price shareholder value stock market bubble stock options telecoms tion trading Wall Street World Bank WorldCom