haku: @indexterm Investor protection / yhteensä: 34
viite: 33 / 34
| Tekijä: | Shleifer, A. Vishny, R. W. |
| Otsikko: | A survey of corporate governance. |
| Lehti: | Journal of Finance
1997 : JUN, VOL. 52:2, p. 737-783 |
| Asiasana: | CORPORATE FINANCE COMPANY CONTROL COMPANY OWNERSHIP INVESTOR PROTECTION MANAGEMENT BUY-OUTS SHAREHOLDERS |
| Kieli: | eng |
| Tiivistelmä: | This article surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world. The fundamental question is how to assure financiers that they get a return on their financial investment. The agency problem is serious: the opportunities for managers to abscond with financiers' funds, or to squander them on pet projects, are plentiful and well-documented. The authors describe several broad approaches to corporate governance. Succesful corporate governance systems, such as those of the United States, Germany, and Japan, combine significant legal protection of at least some investors with an important role for large investors. |
SCIMA