Mendeley出力
＜図書＞
Studies in international corporate finance and governance systems : a comparison of the U.S., Japan, and Europe
| 責任表示 | edited by Donald H. Chew |
|---|---|
| データ種別 | 図書 |
| 出版者 | New York : Oxford University Press |
| 出版年 | 1997 |
| 本文言語 | 英語 |
| 大きさ | vi, 378 p. : ill., ports. ; 24 cm |
| 概要 | The past decade has given rise to a growing debate over the relative efficiency of different national economic systems. There are two basic corporate finance and governance systems that predominate in...today's developed economies. One is the Anglo-American market based model, with widely dispersed shareholders and a fairly vigorous corporate control market. The other is the Japanese and German relationship based system, with its large bank and intercorporate holdings (and conspicuous absence of takeovers). Given the increasing globalization of business, which of these two systems can be expected to prevail over time? Or will the most valuable aspects of each be blended into a single new system? The story now being told by economists and management experts -- one that this book presents -- is a complicated one. Here is a sampling of the arguments:Corporate strategist Michael Porter states that the U.S. system of allocating capital both within and across companies appears to be failing because of both capital market and internal pressures on U.S. companies to underinvest in the relatively intangible assets that contribute to corporate capabilities. In contrast to Porter, financial economist Michael Jensen maintains that the most formidable challenge now facing the U.S. economy -- and, indeed, the economies of all industrialized nations -- is the corporate overinvestment problem, a problem that was addressed in the U.S. by the leveraged restructuring of the 1980s. Nobel-Prize economist Merton Miller answers both Porters concern about U.S. underinvestment and Jensens pessimism about U.S. control systems with a classic defense of the shareholder-value principle. Corporate strategist C.K. Prahalad, unconvinced by the arguments of both Miller and Jensen, challenges the wisdom of corporate Americas commitment to maximizing shareholder value. In a roundtable discussion, Prahalad debates with shareholder value advocate Bennett Stewart about the effects of shareholder primacy in the U.S. and its absence in Japan.Studies in International Corporate Finance and Governance Systems consists of 28 articles (and two roundtable discussions) written by academic and management experts in the fields of corporate finance and governance. Given its commitment to translating outstanding academic research into relatively plain English for practicing businessmen, this text should prove especially useful for corporate executives as well as students in MBA and executive development programs. 続きを見る |
所蔵情報
| 状態 | 巻次 | 所蔵場所 | 請求記号 | 刷年 | 文庫名称 | 資料番号 | コメント | 予約・取寄 | 複写申込 | 自動書庫 |
|---|---|---|---|---|---|---|---|---|---|---|
| : pbk | 中央図 4A | 336.8/C 39 | 1997 |
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010212017001726 |
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| : pbk | 中央図 自動書庫 | 336.8/C 39/1 | 1997 |
|
017211998013512 |
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書誌詳細
| 一般注記 | A collection of articles most of which were originally published in the Journal of applied corporate finance Includes bibliographical references |
|---|---|
| 著者標目 | Chew, Donald H. |
| 件 名 | LCSH:Corporations -- Finance
全ての件名で検索
LCSH:Corporate governance LCSH:Corporations -- United States -- Finance 全ての件名で検索 LCSH:Corporate governance -- United States 全ての件名で検索 LCSH:Corporations -- Japan -- Finance 全ての件名で検索 LCSH:Corporate governance -- Japan 全ての件名で検索 LCSH:Corporations -- Europe -- Finance 全ての件名で検索 LCSH:Corporate governance -- Europe 全ての件名で検索 |
| 分 類 | NDC9:336.8 NDC8:336.8 LCC:HG4026 DC20:658.15/99 |
| 書誌ID | 1000291967 |
| ISBN | 0195107950 |
| NCID | BA29617367 |
| 巻冊次 | : pbk ; ISBN:0195107950 |
| 登録日 | 2009.09.11 |
| 更新日 | 2009.09.11 |