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Jonathan R. Macey Corporate Governance (Paperback)

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Item specifics

Condition
Brand new: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
Book Title
Corporate Governance
Title
Corporate Governance
EAN
9780691148021
ISBN
9780691148021
Release Year
2010
Release Date
12/12/2010
Item Length
152mm
Subtitle
Promises Kept, Promises Broken
ISBN-10
0691148023
Country/Region of Manufacture
US
Genre
Business & Finance
Subject Area
Commercial Law
Publication Name
Corporate Governance: Promises Kept, Promises Broken
Publisher
Princeton University Press
Subject
Management
Publication Year
2010
Type
Textbook
Format
Paperback
Language
English
Item Height
235mm
Author
Jonathan R. Macey
Item Width
152mm
Item Weight
482g
Number of Pages
344 Pages

About this product

Product Information

Even in the wake of the biggest financial crash of the postwar era, the United States continues to rely on Securities and Exchange Commission oversight and the Sarbanes-Oxley Act, which set tougher rules for boards, management, and public accounting firms to protect the interests of shareholders. Such reliance is badly misplaced. In Corporate Governance, Jonathan Macey argues that less government regulation--not more--is what's needed to ensure that managers of public companies keep their promises to investors. Macey tells how heightened government oversight has put a stranglehold on what is the best protection against malfeasance by self-serving management: the market itself. Corporate governance, he shows, is about keeping promises to shareholders; failure to do so results in diminished investor confidence, which leads to capital flight and other dire economic consequences. Macey explains the relationship between corporate governance and the various market and nonmarket institutions and mechanisms used to control public corporations; he discusses how nonmarket corporate governance devices such as boards and whistle-blowers are highly susceptible to being co-opted by management and are generally guided more by self-interest and personal greed than by investor interests. In contrast, market-driven mechanisms such as trading and takeovers represent more reliable solutions to the problem of corporate governance. Inefficient regulations are increasingly hampering these important and truly effective corporate controls. Macey examines a variety of possible means of corporate governance, including shareholder voting, hedge funds, and private equity funds. Corporate Governance reveals why the market is the best guardian of shareholder interests.

Product Identifiers

Publisher
Princeton University Press
ISBN-13
9780691148021
eBay Product ID (ePID)
106439410

Product Key Features

Subject Area
Commercial Law
Author
Jonathan R. Macey
Publication Name
Corporate Governance: Promises Kept, Promises Broken
Format
Paperback
Language
English
Subject
Management
Publication Year
2010
Type
Textbook
Number of Pages
344 Pages

Dimensions

Item Height
235mm
Item Width
152mm
Item Weight
482g

Additional Product Features

Title_Author
Jonathan R. Macey
Country/Region of Manufacture
United States

Item description from the seller

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