4. Explaining Differences in the Quality of Governance among Companies

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Introduction ix
4. PART I. Governance, Markets, and Law
5. 1. The Limits of Financial Globalization 3
6. 2. The Political Roots of American Corporate Finance 17
7. 3. International Corporate Diff erences: Markets or Law? 41
8. 4. Explaining Differences in the Quality of Governance among Companies 52
9. Part II: Cross- Country Evidence on Governance Effectiveness and the Cost of Capital
10. 5. Control Premiums and the Effectiveness of Corporate Governance Systems 73
11. 6. Globalization, Corporate Finance, and the Cost of Capital 106
12. 7. Which Capitalism? 135
13. Part III: Country- Specific Evidence on Ownership and Governance Structure
14. 8. Corporate Governance in India 151
15. 9. The Financial and Economic Lessons of Italy’s Privatization Program 177
16. 10. Changes in Korean Corporate Governance: A Response to Crisis 196
17. 11. The Ownership Structure, Governance, and Performance of French Companies 216
18. 12. Corporate Ownership and Control in the U.K., Germany, and France 239
19. Part IV: The Role of Active Investors
20. 13. London Business School Roundtable on Shareholder Activism in the U.K. 265
21. 14. Leveraged Buyouts in the U.K. and Continental Europe 294
22. 15. Sovereign Wealth Funds 327
23. About the Contributors 347
24. Index 351