Capital Markets and Corporate Governance

by Nicholas Dimsdale, Martha Prevezer

Overview

The debate over corporate governance, or how companies are controlled, has flourished vigorously for several years in the U.S. and has now spread to the U.K. This book collects papers by leading academics, bankers, and consultants which discuss major issues in corporate governance in the U.K., Germany, and Japan. It examines the role of shareholders, company boards, and managers under a market-based system as exists in the U.K. and the U.S. in comparison with the insider system found in Japan and, to a lesser extent, Germany. The issue of the effectiveness of the British system and how it might be made more efficient through increasing the accountability of company boards to shareholders, both directly and via the capital market, is extensively discussed.

Product Details

ISBN-13:	9780198287889
Publisher:	Oxford University Press
Publication date:	07/07/1994
Pages:	360
Product dimensions:	9.44(w) x 6.12(h) x 1.07(d)

About the Author

Queen's College, Oxford

Centre for Business Strategy, London Business School

Table of Contents

AbbreviationsI. United KingdomIntroduction, Lord Alexander of Weedon1. The Need to Restore Corporate Accountability: An Agenda for Reform: Postscript on the Draft Report of the Cadbury Committee, Nicholas Dimsdale (Oxford University)2. Corporate Strategy and Corporate Accountability, John Kay (London Business School)3. Market Assessment of Company Prformance, Paul Marsh (London Business School)4. A Larger Role for Institutional Investors, Johnathan Charkham (Bank of England)5. Proposals for a Reformed System of Corporate Governance to Achieve Internationally Competitive Long-Term Performance, Allen Sykes6. The Changing Relationship between the Banks and Business in the UK, Douglas McWilliams and Andrew Sentance (Confederation of British Industry)7. Small Firms and Clearing Banks, Miles Middleton (Association of British Chambers of Commerce)8. The Role of the Banks, David Lomax (National Westminster Bank)9. Stock-Markets, Financial Institutions, and Corporate Performance, Colin Mayer (City University Business School)10. The Role of the Venture Capital Industry in the UK, Adrian Beecroft (British Venture Capital Association)11. The 'Problems' of Finance for Smaller Businesses, Alan Hughes (Cambridge University)II. Germany and Japan12. Corporate Governance: The UK Compared with Germany and Japan, Martha Prevezer (London Business School) and Martin Ricketts (University of Buckingham)13. An Overview of the German Financial System, Jeremy Edwards (Cambridge University) and K. Fischer (University of Bonn)14. The Role of the German Capital Markets and the Universal Banks, Supervisory Boards, and Interlocking Directorships, Ellen R. Schneider-Lenné (Deutsche Bank AG)15. An Overview of the Japanese Financial System, Jenny Corbett (Oxford University)16. The Role of the Japanese Capital Markets: The Effect of Cross-Shareholdings on Corporate Accountability, Seichi Masuyama (Nomura Research Institute Europe)Index