Studies of corporate governance traditionally focus on the governance problems of large publicly held firms, and policymakers' recommendations often focus on such firms. However most small firms, and in many countries, even many large companies, are n-listed. This book provides a comprehensive account of n-listed businesses and their particular governance problems. It explores current discussions and reforms in Europe, the United States, and Asia providing a state of the art account of the law and the ecomics. Non-listed firms encompass a vast range, from corporations with the potential to go public through family-owned firms, group-owned firms, private equity and hedge funds, to joint ventures and unlisted mass-privatized corporations with a relatively high number of shareholders. The governance of n-listed companies has traditionally been concerned with protecting investors and creditors from managerial opportunism. However, the virtual elimination of the distinction between partnerships and corporations means that an effective legal governance framework must also offer mechanisms to protect shareholders from the misconduct of other shareholders. This volume examines policy and ecomic measurements to develop a framework for understanding what constitutes good governance in n-listed companies. The authors examine how control is gained and explore the mechanisms that contribute to the development of a modern and efficient governance framework. The book concludes with an exploration of how the closely held firm is likely to stimulate growth and extend invation and development.
Product Identifiers
Publisher
Oxford University Press
ISBN-10
0199596387
ISBN-13
9780199596386
eBay Product ID (ePID)
103979489
Product Key Features
Author
Joseph A. Mccahery, Erik P. M. Vermeulen
Format
Paperback
Language
English
Subject
Law: General & Référence
Type
Textbook
Dimensions
Weight
484g
Height
234mm
Width
157mm
Additional Product Features
Place of Publication
Oxford
Spine
18mm
Content Note
Illustrations
Author Biography
Joseph A. McCahery is Professor of Corporate Governance and Business Innovation at the University of Amsterdam Faculty of Economics and Econometrics and Professor of Financial Market Regulation at Tilburg University Faculty of Law Erik P. M. Vermeulen is Professor of Law and Management at Tilburg University Faculty of Law and Legal Counsel, Philips International B.V.