The Oxford Handbook of Corporate Governance Oxford Handbooks in Business and Management

Corporate governance remains a central area of concern to business and society, and this Handbook constitutes the definitive source of academic research on this topic, synthesizing international studies from economics, strategy, international business, organizational behavior, entrepreneurship, business ethics, accounting, finance, and law. Cover Contents List of Figures List of Tables Abbreviations Contributors 1. Introduction PART I: REGULATION AND HISTORY 2. Regulation and Comparative Corporate Governance 3. The History of Corporate Governance 4. Capital Markets and Financial Politics: Preferences and Institutions 5. An International Corporate Governance Index PART II: CORPORATE GOVERNANCE MECHANISMS AND PROCESSES 6. Boards and Governance: 25 Years of Qualitative Research with Directors of FTSE Companies 7. Process Matters: Understanding Board Behavior and Effectiveness 8. Board Committees 9. The Governance of Director Networks 10. Executive Compensation and Corporate Governance: What Do We “Know” and Where Are We Going? 11. Corporate Governance: Ownership Interests, Incentives, and Conflicts 12. Financial Leverage and Corporate Governance 13. Financial Reporting, Disclosure, and Corporate Governance 14. Auditing and Corporate Governance 15. The Market for Corporate Control PART III: THE CORPORATE GOVERNANCE LIFE CYCLE 16. The Life Cycle of Corporate Governance 17. Corporate Governance in High-Tech Firms 18. Family Business and Corporate Governance 19. Corporate Governance in IPOs 20. Corporate Governance, Multinational Firms, and Internationalization 21. Corporate Governance in Business Groups 22. Governance in Financial Distress and Bankruptcy PART IV: TYPES OF INVESTORS 23. Venture Capital and Corporate Governance 24. Private Equity, Leveraged Buyouts, and Corporate Governance 25. Hedge Fund Activism and Corporate Governance 26. The Financial Role of Sovereign Wealth Funds PART V: CORPORATE GOVERNANCE, STRATEGY, AND STAKEHOLDERS 27. Corporate Governance and Nonprofits: Facing up to Hybridization and Homogenization 28. Corporate Governance and Labor 29. Corporate Governance and Principal–Principal Conflicts 30. Multiple Agency Theory: An Emerging Perspective on Corporate Governance 31. An Age of Corporate Governance Failure? Financialization and its Limits 32. Corporate Governance and Corporate Social Responsibility Index A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
The behavior of managers-such as the rewards they obtain for poor performance, the role of boards of directors in monitoring managers, and the regulatory framework covering the corporate governance mechanisms that are put in place to ensure managers' accountability to shareholder and other stakeholders-has been the subject of extensive media and policy scrutiny in light of the financial crisis of the early 2000s. However, corporate governance covers a much broader set of issues, which requires detailed assessment as a central issue of concern to business and society.

Critiques of traditional governance research based on agency theory have noted its "under-contextualized" nature and its inability to compare accurately and explain the diversity of corporate governance arrangements across different institutional contexts. The Oxford Handbook of Corporate Governance aims at closing these theoretical and empirical gaps. It considers corporate governance issues at multiple levels of analysis-the individual manager, firms, institutions, industries, and nations-and presents international evidence to reflect the wide variety of perspectives. In analyzing the effects of corporate governance on performance, a variety of indicators are considered, such as accounting profit, economic profit, productivity growth, market share, proxies for environmental and social performance, such as diversity and other aspects of corporate social responsibility, and of course, share price effects. In addition to providing a high level review and analysis of the existing literature, each chapter develops an agenda for further research on a specific aspect of corporate governance.

This Handbook constitutes the definitive source of academic research on corporate governance, synthesizing studies from economics, strategy, international business, organizational behavior, entrepreneurship, business ethics, accounting, finance, and law.

"The behavior of managers--such as the rewards they obtain for poor performance, the role of boards of directors in monitoring managers, and the regulatory framework covering the corporate governance mechanisms that are put in place to ensure managers' accountability to shareholder and other stakeholders--has been the subject of extensive media and policy scrutiny in light of the financial crisis of the early 2000s. However, corporate governance covers a much broader set of issues, which requires detailed assessment as a central issue of concern to business and society. Critiques of traditional governance research based on agency theory have noted its 'under-contextualized' nature and its inability to compare accurately and explain the diversity of corporate governance arrangements across different institutional contexts. The Oxford Handbook of Corporate Governance aims at closing these theoretical and empirical gaps. It considers corporate governance issues at multiple levels of analysis--the individual manager, firms, institutions, industries, and nations--and presents international evidence to reflect the wide variety of perspectives. In addition to providing a high level review and analysis of the existing literature, each chapter develops an agenda for further research on a specific aspect of corporate governance. This Handbook is the definitive source of academic research on corporate governance, synthesizing studies from economics, strategy, international business, organizational behavior, entrepreneurship, business ethics, accounting, finance, and law."--Jacket