The Transformation of Corporate Control

The Transformation of Corporate Control
Title The Transformation of Corporate Control PDF eBook
Author Neil Fligstein
Publisher Harvard University Press
Pages 408
Release 1993
Genre Business & Economics
ISBN 9780674903593

Download The Transformation of Corporate Control Book in PDF, Epub and Kindle

In this book Neil Fligstein takes issue with prevailing theories of the corporation and proposes a radically new view that has important implications for American competitiveness.

Corporate Control, Corporate Power

Corporate Control, Corporate Power
Title Corporate Control, Corporate Power PDF eBook
Author Edward S. Herman
Publisher Cambridge University Press
Pages 452
Release 1982-05-31
Genre Business & Economics
ISBN 9780521289078

Download Corporate Control, Corporate Power Book in PDF, Epub and Kindle

Deep and detailed research into the workings of corporate enables Professor Herman to throw considerable light on how the board of directors operates, how important outside directors are, how new members are selected, and how multiple directorships interlock the large corporations. Throughout the book the author contrasts the power of the managers with that of other interest groups - bankers, family - and he concludes that power lies with the managers. But this has not changed the basic objectives of the corporation - the pursuit of growth and profits - nor has it enhanced social responsibility. After thorough investigation Edward Herman concludes that government regulation has done surprisingly little to reduce the autonomy of the corporation. Just as the influence of bankers and investors has been resisted, so has the effect of regulation. Improved communications and controls, geographic dispersion, and the enhanced adaptability and mobility of the large corporation have all played a part in maintaining corporate power and managerial control. Corporate Control, Corporate Power will be essential reading for executives, policy makers, regulators, and all those concerned to make the corporation more responsible and accountable.

The Philosophy of Corporate Control

The Philosophy of Corporate Control
Title The Philosophy of Corporate Control PDF eBook
Author David Cowan Bayne
Publisher
Pages 440
Release 1986
Genre Business & Economics
ISBN

Download The Philosophy of Corporate Control Book in PDF, Epub and Kindle

The Market for Corporate Control.The Theory and the Empirical Evidence

The Market for Corporate Control.The Theory and the Empirical Evidence
Title The Market for Corporate Control.The Theory and the Empirical Evidence PDF eBook
Author Marius Beckermann
Publisher GRIN Verlag
Pages 29
Release 2014-12-30
Genre Business & Economics
ISBN 3656868182

Download The Market for Corporate Control.The Theory and the Empirical Evidence Book in PDF, Epub and Kindle

Seminar paper from the year 2012 in the subject Business economics - Investment and Finance, grade: 1,3, Otto Beisheim School of Management Vallendar (Chair for Corporate Finance), course: Seminar on Recent Developments in Corporate Governance, language: English, abstract: The market for corporate control, often referred to as the takeover market, is subject to scientific research since many years. This paper starts with Manne‘s (1965) initial essay on the topic, introduce the theory of the market for corporate control. Therefore, it will begin with a definition of the terms “corporate control” and “the market for corporate control”. Following this, it will explain the possibilities of taking over the control of a corporation. Subsequently, it will argue why the market for corporate control is of great importance. Afterwards, a synopsis on the current empirical evidence of its efficiency follows. Finally, the author takes a look on the welfare effects of the market for corporate control, before concluding on its applicability and having a look on solutions to correct the imperfections of the model.

Corporate Ownership and Control

Corporate Ownership and Control
Title Corporate Ownership and Control PDF eBook
Author Shalini Perera
Publisher World Scientific
Pages 446
Release 2011
Genre Business & Economics
ISBN 9812837477

Download Corporate Ownership and Control Book in PDF, Epub and Kindle

The governance of companies is of importance to developing countries due to the link between effective corporate governance and economic development. Ownership and control of public companies, except in the US and UK, is often in the hands of a few individuals, families or corporate groups and impact on corporate governance and economic development.Using Sri Lanka as an illustrative example, Corporate Ownership and Control sets out the implications of corporate ownership and control structures on the governance of companies, and suggests a reform agenda to meet the challenges posed by such structures. Any analysis into the reform of corporate governance in developing countries should begin with a focus on the local market structures that define its adaptation and effectiveness. The issues explored in the book provide an insight into ownership and control structures in Sri Lanka, the costs and benefits of such structures, and the necessary reform framework to promote effective corporate governance. The analysis can be used to both understand the impact of ownership structures on corporate governance, and suggest how corporate governance issues arising from such structures should be resolved in order to promote economic development and growth.

Corporate Control, Corporate Power

Corporate Control, Corporate Power
Title Corporate Control, Corporate Power PDF eBook
Author Edward S. Herman
Publisher
Pages 432
Release 1981
Genre Big business
ISBN

Download Corporate Control, Corporate Power Book in PDF, Epub and Kindle

The Banks Did It

The Banks Did It
Title The Banks Did It PDF eBook
Author Neil Fligstein
Publisher Harvard University Press
Pages 334
Release 2021-06-08
Genre Business & Economics
ISBN 0674249356

Download The Banks Did It Book in PDF, Epub and Kindle

A comprehensive account of the rise and fall of the mortgage-securitization industry, which explains the complex roots of the 2008 financial crisis. More than a decade after the 2008 financial crisis plunged the world economy into recession, we still lack an adequate explanation for why it happened. Existing accounts identify a number of culpritsÑfinancial instruments, traders, regulators, capital flowsÑyet fail to grasp how the various puzzle pieces came together. The key, Neil Fligstein argues, is the convergence of major US banks on an identical business model: extracting money from the securitization of mortgages. But how, and why, did this convergence come about? The Banks Did It carefully takes the reader through the development of a banking industry dependent on mortgage securitization. Fligstein documents how banks, with help from the government, created the market for mortgage securities. The largest banksÑCountrywide Financial, Bear Stearns, Citibank, and Washington MutualÑsoon came to participate in every aspect of this market. Each firm originated mortgages, issued mortgage-backed securities, sold those securities, and, in many cases, acted as their own best customers by purchasing the same securities. Entirely reliant on the throughput of mortgages, these firms were unable to alter course even when it became clear that the market had turned on them in the mid-2000s. With the structural features of the banking industry in view, the rest of the story falls into place. Fligstein explains how the crisis was produced, where it spread, why regulators missed the warning signs, and how banksÕ dependence on mortgage securitization resulted in predatory lending and securities fraud. An illuminating account of the transformation of the American financial system, The Banks Did It offers important lessons for anyone with a stake in avoiding the next crisis.