haku: @author Mayer, C. / yhteensä: 22
viite: 8 / 22
| Tekijä: | Mayer, C. |
| Otsikko: | Financial systems and corporate governance: a review of the international evidence |
| Lehti: | Journal of Institutional and Theoretical Economics
1998 : MAR, VOL. 154:1, p. 144-165 |
| Asiasana: | ECONOMICS FINANCIAL SERVICES CORPORATE GOVERNANCE |
| Kieli: | eng |
| Tiivistelmä: | The paper is an overview of international variations in financial systems and corporate governance. Traditional theories of the firm emphasize the importance of managerial incentives, disciplining and finance in corporate governance. The paper argues that these are not the fundamental distinguishing features of different financial systems. Instead, ownership and control emerge as displaying more substantial variations across countries. These differences are associated with the formulation, implementation and adaptation of corporate strategy. |
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