Bücher der Reihe Annals of Corporate Governance

Presents the many different dimensions to national corporate governance regimes, encompassing the legal, the political, the economic, and the social behaviour. While there is much debate within the literature as to which is the most important aspect of each, this monograph provides a basis to evaluate this burgeoning literature.

The Corporate Governance of Business Groups first summarizes how the existing body of literature has defined and studied business groups (BG). It then discusses the arguments for why BGs exist and persist. To provide a contextual understanding of BGs, the authors present the worldwide distribution and structure of these organizations. Gaining an overview of BGs' and their affiliated firms' characteristics allows one to disentangle the various dimensions of their corporate governance, particularly focusing on identifying what we know about how they are governed and where future research should continue. The authors adopt a traditional corporate governance framework based on financial economics to discuss BGs' corporate governance mechanisms. This financial perspective is complemented by incorporating an organizational and sociological lens to better understand how ties among the affiliate firms influence BG governance. Overall, the monograph argues that BG corporate governance is a fruitful path for scholars to continue to examine because many internal and external governance mechanisms remain understudied and the specificities of BGs generate differences in how these mechanisms are understood in these organizations, resulting in gaps in the literature ripe for future research.

Beyond ESG: Reforming Capitalism and Social Democracy analyzes various reform projects, discusses the concepts of ethics and equity and proposes projects for in-depth reforms of capitalism and social democracy.

Examines the evolution of the social purpose of the corporation. This development has taken place against the background of changing regulations and globalization. Consequently, international regulations, codes of conduct and standards have impinged upon corporate strategy.

Examines the existing attempts to establish decentralized autonomous organization (DAO) concepts and legal frameworks. The book evaluates the technical solutions and internal governance solutions promulgated by DAO projects. Particular emphasis is placed on the duality and feedback effects between internal DAO governance and external legal design.

Since the middle of the twentieth century, business and legal scholars have tried to explain why corporate boards of directors function as they do. Understanding Boards of Directors examines why research on corporate governance has been slow and uneven, and where that research should turn next to be valuable to practitioners.

Explores theories and concepts analysing, judging and describing financial decisions in entrepreneurial firms and draws on positive and normative aspects of entrepreneurship. This book describes these phenomena in aspects of governance issues in IPO firms, and how governance structures shape the behaviour of these firms.

Provides an introductory history of the rise of sovereign wealth, from its early precursors in the United States to the large and more recently created funds of natural resource-rich countries. The book also provides a discussion of how sovereign wealth funds have been defined by both observers and the funds themselves.

Reviews the literature on value creation in buyout investments and proposes an overall framework for mapping the heterogeneous opportunities to create value. Based on this literature review, the authors identify seven distinct value creation drivers: financial, operational, strategic, governance, cultural, commercial, and institutional.

Reviews the two promises of Gender Balance Law - the promise of greater gender equality in leadership positions in private companies and the promise of improved firm performance. This review is based on the academic literature together with long-term descriptive statistics before and after the regulation.

This monograph studies board independence in French, German, and UK listed family firms. It focuses on these countries because of their distinct legal and corporate governance systems.

Demonstrates that the need to justify is pervasive and identifies a type of agency cost - ""justification costs"" - resulting from decisions motivated by justification; considers the relationship between these sorts of agency costs and more traditional agency costs; and introduces a role for uncertainty.

Examines five governance characteristics of DCS firms and does so in the Canadian context where DCS have historically been more prevalent. This book examines governance characteristics that are salient in debates about DCS and governance generally.

Governance of Hybrid Organizations is the first attempt to develop theory and understand boards of directors in joint ventures. This monograph focuses on the structural design of boards, its interplay with other governance instruments, and reviews governance solutions in other types of hybrid organizations.

Leveraged Buyouts: Motives and Sources of Value analyzes the motives for taking public firms private and provides a structured and critical review of the empirical research in this area.

Microfinance: What Do We Know? Where Do We Go? examines micro lending, which has become a global phenomenon where small unsecured loans are made to the poorest people usually in groups so that the borrowers can invest the money in some business or related entrepreneurial venture and improve their social and economic conditions.

The separation between ownership and control creates many challenges for the modern-day firm, and the board's role in the strategy formation process is arguably the seminal governance challenge confronting boards today. Board Involvement in the Strategic Decision Making Process examines this seminal challenge.

Against the backdrop of an ever-changing financial landscape, "venture capital" has taken on a new uncertainty and complexity. In this review, the authors suggest that venture capital should not exclusively - or even primarily - be defined in terms of providing risk capital (and advise) to founder-entrepreneurs.

Explores the factors that have caused the recent explosion in hedge fund activism; examines the impact of this activism, including whether it is shortening investment horizons and discouraging investment in research and development; and surveys and evaluates possible legal interventions with an emphasis on the least restrictive alternative.

Explains how corporations and other business organisations can be supplemented with blockchain-based agency constructs. Blockchain-based decentralized autonomous organizations (DAOs) expand the definition of the firm. On-chain DAO governance enables dynamic regulatory features that facilitate unprecedented decentralized regulatory solutions.