Author : Blanca-Monica Panqueva-Bernal
Publisher :
Page : 203 pages
File Size : 34,37 MB
Release : 2006
Category : Corporate governance
ISBN : 9783865377845
Author : Florence Thépot
Publisher : Cambridge University Press
Page : 317 pages
File Size : 36,42 MB
Release : 2019-02-14
Category : Law
ISBN : 1108526365
Florence Thépot provides the first systematic account of the interaction between competition law and corporate governance. She challenges the 'black box' conception of the firm- or 'undertaking' - in competition law, as applied to increasingly complex corporate relations. The book opens the 'black box' of the firm to understand the internal drivers of collusive behaviour, and proposes a unified approach to cartel enforcement, based on the agency theory. It explores key issues including corporate compliance programmes, the attribution of liability in corporate groups, and structural links between competitors, and should be read by anyone interested in how the evolution of the corporate landscape impacts competition law.
Author : Blanca-Monica Panqueva-Bernal
Publisher : Cuvillier Verlag
Page : 208 pages
File Size : 36,28 MB
Release : 2006-02-01
Category : Social Science
ISBN : 3736917848
This dissertation has shown that indeed the internationalization of production systems and the globalization of the markets for goods, services and capital have triggered and intensified the competition between corporate governance systems. Similar to the competition in other economic areas, where, for example, domestic goods and factor prices tend to converge to the world prices after opening to international competition, over the years the traditionally diverse corporate governance systems have become more homogeneous. The elements, provisions and aspects where convergence has made more progress are: boards’ form and functions, strong minority shareholders’ rights, universal banking systems, bankruptcy law, the capital market as an important corporate financing source, investor-oriented accounting standards (e.g. IFRS) and employee ownership as a means to motivate staff to undertake firm-specific investments. However, convergence does not mean that the national systems have equally moved towards each other, rather the Principal-Agent model, followed by the USA, has prevailed. The main reason for the dominance of the Principal-Agent model seems to be the preponderance of the US-economy, particularly on global financial markets. Although this is not a topic of this dissertation, in the last two decades a competition between capital market- and bank-centered financial systems can be observed. The capitalmarket centered financial system, recommended by the Principal-Agent model, has gained importance, whereas the traditional leading position of credit institutions has impressively decreased.
Author : Florence Thépot
Publisher : Cambridge University Press
Page : 317 pages
File Size : 41,40 MB
Release : 2019-02-14
Category : Business & Economics
ISBN : 1108422497
This book explores the interaction between competition law and corporate governance. It will appeal to an audience of lawyers and non-lawyer competition professionals in the US, UK, and EU, as well as other jurisdictions with competition law regimes.
Author : Keith Cowling
Publisher : Edward Elgar Publishing
Page : 344 pages
File Size : 46,54 MB
Release : 2003
Category : Business & Economics
ISBN :
Written in honour of Professor Keith Cowling, Professor of Economics at University of Warwick, these essays offer an overview of the current state of play in related areas including: market structure, corporate power and governance, technical change and social welfare.
Author : Klaus J. Hopt
Publisher : Oxford University Press
Page : 1304 pages
File Size : 36,12 MB
Release : 1998
Category : Business & Economics
ISBN : 9780198268888
"This book goes back to a symposium held at the Max Planck Institute for Foreign Private and Private International Law in Hamburg on May 15-17 1997"--P. [v].
Author : Stephen David Prowse
Publisher :
Page : 94 pages
File Size : 38,61 MB
Release : 1994
Category : Business planning
ISBN :
Author : De la Mothe, John R
Publisher :
Page : 117 pages
File Size : 32,88 MB
Release : 1996
Category : Competition
ISBN : 9780969990314
Author : Oliver Budzinski
Publisher : Edward Elgar Publishing
Page : 311 pages
File Size : 40,75 MB
Release : 2008-01-01
Category : Business & Economics
ISBN : 1847209939
. . . highly recommendable to anyone interested in international competition policy. Arndt Christiansen, European Competition Law Review This book provides a comprehensive and refreshing analysis of the competition issues raised by the globalisation of markets. It draws on a very wide range of economic and legal sources to assess the manifold proposals for controlling the competitive forces released by the freeing up of world markets. All those interested in these important and largely unresolved issues will find it an invaluable source of reference. Michael A. Utton, University of Reading, UK and Dongbei University of Finance and Economics, Dalian, China The globalization of market competition and business behaviour fosters globalization of cartels and monopolising mergers that can lead to abusive and predatory strategies. The globalization of competition therefore also demands an internationalization of competition policy. However, Oliver Budzinski is realistic in his assertion that supranational competition governance must be built upon the existing, predominantly national, regimes. The resulting multilevel system of antitrust institutions and authorities, he argues, is problematic for the horizontal and vertical allocation of competences. This book employs the economics of federalism to create an analytical framework which can be used for comparative analysis of stylised competence allocation rules. The result is a proposal for a sound international multilevel competition policy system that combines elements of both centralized and decentralized governance. This book provides an innovative and unique perspective on international competition policy and will be of interest to economists, legal scientists and competition authorities as well as academics and practitioners of international governance and international relations and politics.
Author : Howard Gospel
Publisher : Oxford University Press
Page : pages
File Size : 29,84 MB
Release : 2004-10-07
Category : Business & Economics
ISBN : 0191532533
This book is about the relationship between corporate governance regimes and labour management. It examines how finance and governance influence employment relationships, work organization, and industrial relations by means of a comparative analysis of Anglo-American, European, and Japanese economies. The starting point is the distinction widely found in the corporate governance, business systems, and political economy literature between countries dominated by 'shareholder value' conceptions of corporate governance and those characterized by 'stakeholder' regimes. By drawing on a wide range of countries, the book is able to demonstrate the complexities of corporate governance arrangements and to present a more precise and nuanced exploration of the linkages between governance and labour management. Each country-based chapter provides an analysis of the evolution and key characteristics of corporate governance and then links this to labour management institutions and practices. The chapters cover the United States, United Kingdom, Japan, Australia, France, Germany, Italy, Netherlands, and Spain, with each written by a leading academic expert in the field. By providing a historical review of the evolution of national systems, the contributors provide judicious evaluations of the current state and future direction of national governance and labour relations systems. Overall, the book goes beyond the 'complementarities' between governance and labour management systems identified in recent literature, and attempts to identify causal relationships between the two. It shows how labour management institutions and practices may influence finance and corporate governance systems, as well as vice versa The contributions to this book illuminate current debates about the determinants of corporate governance, the convergence of national 'varieties of capitalism', and the impact of corporate governance on managerial behaviour. The book highlights the complexities of corporate governance systems and refines the distinction between market/outsider and relational/insider systems.
