Search results for ""author randall k. morck""
The University of Chicago Press A History of Corporate Governance around the World: Family Business Groups to Professional Managers
Is capitalism a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking? Or does it only concentrate power and wealth in the hands of a few hereditary oligarchies? In "A History of Corporate Governance around the World", distinguished economists present new empirical research that suggests that each side of the debate has something to offer the other. The contributors argue that free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But their research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families.
£60.00
The University of Chicago Press Concentrated Corporate Ownership
Standard economic models assume that many small investors own firms. This is so in most large US firms, but wealthy individuals or families generally hold controlling blocks in smaller US firms and in all firms in most other countries. Given this, the lack of theoretical and empirical work on tightly held firms is surprising. What corporate governance problems arise in tightly held firms? How do these differ from corporate governance problems in widely held firms? How do control blocks arise and how are they maintained? How does concentrated ownership affect economic growth? How should we regulate tightly held firms? Drawing together leading scholars from law, economics and finance, this volume examines the economic and legal issues of concentrated ownership and their impact on a shifting global economy.
£88.00
