Issues in Corporate Governance and Finance, Volume 12 (Advances in Financial Economics)

While Advances continues to publish papers from any area of Finance, the focus of this issue is on corporate governance, broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. Papers deal with the role played by boards of directors, impact of ownership, executive compensation, and investor protection. Other papers deal with stock repurchases, default, banking, financial sector development, and the Asian financial crisis. Papers cover a wide range of international experience, including evidence from the U.S., Japan, Israel, Malaysia, China, and New Zealand.Advances in Financial Economics is now available online at ScienceDirect - full-text online of volumes 6 onwards. Elsevier book series on ScienceDirect gives multiple users throughout an institution simultaneous online access to an important compliment to primary research. Digital delivery ensures users reliable, 24-hour access to the latest peer-reviewed content. The Elsevier book series are compiled and written by the most highly regarded authors in their fields and are selected from across the globe using Elsevier's extensive researcher network. For more information about the Elsevier Book Series on ScienceDirect Program, please visit:http://www.info.sciencedirect.com/bookseries/ Focuses on corporate governance which is broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. This book deals with the role played by boards of directors, impact of ownership, executive compensation, and investor protection. While 'Advances' continues to publish papers from any area of Finance, the focus of this issue is on corporate governance, broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. Papers of this title deal with the role played by boards of directors, impact of ownership, executive compensation, and investor protection. Other papers deal with stock repurchases, default, banking, financial sector development, and the Asian financial crisis. Papers cover a wide range of international experience, including evidence from the U.S., Japan, Israel, Malaysia, China, and New Zealand. Papers cover a wide range of international experience with this issue focusing on corporate governance. This book series is available electronically at website The papers in this volume deal with the role played by boards of directors, impact of ownership, executive compensation, investor protection, stock repurchases, default, banking, financial sector development, and the Asian financial crisis