MTU Library Catalogue

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Capital markets and corporate governance / edited by Nicholas Dimsdale and Martha Prevezer.

Contributor(s): Dimsdale, Nicholas H | Prevezer, Martha.
Material type: materialTypeLabelBookPublisher: Oxford : New York : Clarendon Press Oxford University Press, r2001, 1994Description: x,349p. ; 24 cm. + hbk.ISBN: 0198287887; 9780198287889.Subject(s): Capital market -- Germany -- Congresses | Capital market -- Great Britain -- Congresses | Capital market -- Japan -- Congresses | Corporate governance -- Germany -- Congresses | Corporate governance -- Great Britain -- Congresses | Corporate governance -- Japan -- Congresses | Corporatione -- Germany -- Finance -- Congresses | Corporations -- Great Britain -- Finance -- Congresses | Corporations -- Japan -- Finance -- Congresses | International economics | Corporate finance | Ownership & organization of enterprises | Business Finance ManagementDDC classification: 658.15 DIM Summary: This volume deals with the financing of industry, currently an issue much discussed by academics and policy-makers. The collection of papers focuses on the differences between the stock market-based system in use in the UK and USA, and the bank-based system more common in Germany and Japan.

Enhanced descriptions from Syndetics:

Contributors: N. Dimsdale, J. Kay, P. Marsh, J. Charkham, A. Sykes, D. McWilliams, A. Sentance, M. Middleton, D. Lomax, C. Mayer, A. Beecroft, A. Hughes, M. Prevezer, M. Ricketts, J. Edwards, E. Schneider-Lenné, J. Corbett, S. Masuyama, K. FischerRWritten by leading academics, bankers, and consultants, this book discusses major 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.The contributors examine 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. They 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 also examined, including a discussion of the spcial problems of small forms. The Japanese and the German financial and corporate systems are authoritatively analysed.

Papers presented at a conference organized by the National Economic Development Office in Nov. 1991.

Includes bibliographical references.

This volume deals with the financing of industry, currently an issue much discussed by academics and policy-makers. The collection of papers focuses on the differences between the stock market-based system in use in the UK and USA, and the bank-based system more common in Germany and Japan.

Table of contents provided by Syndetics

  • Abbreviations (p. ix)
  • I United Kingdom
  • Introduction: Lord Alexander of Weedon (p. 3)
  • 1. The Need to Restore Corporate Accountability: An Agenda for Reform Postscript on the Draft Report of the Cadbury Committee (p. 13)
  • 2. Corporate Strategy and Corporate Accountability (p. 50)
  • 3. Market Assessment of Company Performance (p. 66)
  • 4. A Larger Role for Institutional Investors (p. 99)
  • 5. Proposals for a Reformed System of Corporate Governance to Achieve Internationally Competitive Long-Term Performance (p. 111)
  • 6. The Changing Relationship between the Banks and Business in the UK (p. 128)
  • 7. Small Firms and Clearing Banks (p. 141)
  • 8. The Role of the Banks (p. 161)
  • 9. Stock-Markets, Financial Institutions, and Corporate Performance (p. 179)
  • 10. The Role of the Venture Capital Industry in the UK (p. 195)
  • 11. The 'Problems' of Finance for Smaller Businesses (p. 209)
  • II Germany and Japan
  • 12. Corporate Governance: The UK Compared with Germany and Japan (p. 237)
  • 13. An Overview of the German Financial System (p. 257)
  • 14. The Role of the German Capital Markets and the Universal Banks, Supervisory Boards, and Interlocking Directorships (p. 284)
  • 15. An Overview of the Japanese Financial System (p. 306)
  • 16. The Role of the Japanese Capital Markets: The Effect of Cross-Shareholdings on Corporate Accountability (p. 325)
  • Index (p. 343)

Author notes provided by Syndetics

Nicholas Dimsdale is at Queen's College, Oxford. Martha Prevezer is at London Business School.