Business & Economics Books:

Corporate Governance

A Global Perspective

Format

Hardback

Customer rating

Click to share your rating 0 ratings (0.0/5.0 average) Thanks for your vote!

Share this product

Corporate Governance
$380.99
In stock with supplier

The item is brand new and in-stock in with one of our preferred suppliers. The item will ship from the Mighty Ape warehouse within the timeframe shown below.

Usually ships within 9-11 days

Availability

Delivering to:

Estimated arrival:

  • Around 12-15 December using standard courier delivery

Description

Papers in this volume focuses on corporate governance broadly defined as the system of controls that helps corporations effectively manage, administer, and direct economic resources. Questions of what and how to produce become equally important as organizations strive to better serve demanding customers. As a result, the design and control of effective organizations have become an integral part of financial economics. Traditionally, organization structure has been described by the vertical and horizontal relationships among the firm, its customers and suppliers. More recently, researchers have come to understand that the efficiency of firms depends upon the ability of participants to find effective means to minimize the transaction costs of coordinating productive activity. As financial economists have learned, resource allocation will be efficient so long as transaction costs remain low and property rights can be freely assigned and exchanged. An important problem that must be addressed is the so-called agency problem resulting from the natural conflict between owners and managers. Agency costs are the explicit and implicit transaction costs necessary to overcome the natural divergence of interest between agent managers and principal stockholders. The value-maximizing organization design minimizes unproductive conflict within the firm. Papers in this volume show how corporate control mechanisms inside and outside the firm have evolved around the world to allocate decision authority to that person or organization best able to perform a given task.

Author Biography

Mark Hirschey is the Anderson Chandler Professors of Business at the University of Kansas. Kose John is the Charles William Gerstenberg Professor of Banking and Finance at New York University. Professor Makhija is chair of Fisher Colleges department of finance, and holds the Rismiller Endowed Professorship in Finance. His research and teaching interests are in the field of corporate finance, and focus on issues relating to capital structure, corporate governance, and investment policy. His work appears in such top professional journals as the Journal of Finance and the Journal of Financial Economics. His recent published research examines the role of banks in mergers & acquisitions, corporate governance in privatization in Eastern Europe, corporate diversification and financing decisions by public utilities, as well as economic value added as a performance metric. Makhija received a PhD in Finance from the University of Wisconsin-Madison.
Release date NZ
June 1st, 2005
Contributors
Volume editor Anil K. Makhija Volume editor Kose John Volume editor Mark Hirschey
Country of Publication
United States
Imprint
JAI Press Inc.
Pages
256
Dimensions
156x234x15
ISBN-13
9780762311873
Product ID
1825197

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here

Help & options

  • If you think we've made a mistake or omitted details, please send us your feedback. Send Feedback
  • If you have a question or problem with this product, visit our Help section. Get Help
  • Seen a lower price for this product elsewhere? We'll do our best to beat it. Request a better price
Filed under...

Buy this and earn 2,211 Banana Points