The Geography of Finance: Corporate Governance in a Global Marketplace

The Geography of Finance tackles crucial issues regarding the emerging global market for corporate governance. The authors describe and explain the transformation of European corporate governance in the light of the imperatives driving global financial markets, using an innovative analytical framework. The authors chart the response of corporate managers to the interest of global portfolio managers in transparent and accountable modes of corporate governance. In doing so, the authors provide an innovative perspective on a rapidly changing environment; and a challenge to those who ignore the gathering momentum of global financial markets. Contents......Page 8 List of Figures......Page 9 List of Tables......Page 10 Preface......Page 12 Acknowledgements......Page 17 Part I. Global Finance and Europe......Page 20 1. The Alchemy of Finance......Page 22 2. Convergence in Corporate Governance......Page 50 Part II. German Model(s) in Play......Page 74 3. Portfolio Investors and the German Model......Page 76 4. Geographical Foundations of Corporate Governance......Page 100 5. Path Dependence and Transition......Page 122 Part III. Managing Global Integration......Page 150 6. Cross-Listing and the Market for Governance......Page 152 7. Global Financial Markets as Standard-Setters......Page 180 8. The Language of Finance......Page 200 Bibliography......Page 222 B......Page 250 C......Page 251 E......Page 252 F......Page 253 H......Page 254 K......Page 255 M......Page 256 P......Page 257 S......Page 258 W......Page 260 Z......Page 261 "The Geography of Finance tackles crucial issues regarding the emerging global market for corporate governance. The authors describe and explain the transformation of European corporate governance in the light of the imperatives driving global financial markets, using an innovative analytical and empirical framework."--Jacket