Corporate Governance Regimes

Addresses corporate law's leading question: whether one or another corporate law regime possesses relative competitive advantage. To this end, the editors have brought together an international team of scholars in economics and law to critically assess the new theories of ownership and control which seek to explain the important efficiency advantages of dispersed ownership and the inevitable limitations of control-oriented systems of governance The contributors describe and analyze the relative strength of the forces that shape the evolution of corporate law rules and practice. They also raise the issue of whether nations undertaking reforms should develop corporate governance policies that borrow from other systems' best practices, or pursue a course of internally designed corporate governance reforms. And, building on new theories of law and finance, they examine the incentives for introducing meaningful corporate governance reforms that disrupt or destabilize Europe's blockholding regimes. The collection is divided into seven parts and is intended for finance professionals and academics; corporate governance scholars and legal academics generally; students enrolled in corporate

With globalization and greater financial integration, corporate governance reform has become an important policy priority. Some of the greatest authorities in corporate governance are gathered here to discuss the policy issues of the day . . . this volume is fascinating reading and highly informative. I recommend it to anyone interested in these important policy issues., The field of comparative corporate governance has made great strides in the last several years. This book represents a fascinating collection of state-of-the-art articles beautifully illustrating the great progress of the field., Corporate Governance Regimes provides an illuminating acute analysis of the central problems of comparative corporate governance and makes a vital contribution to the key policy debates on the direction of corporate governance reform., This comprehensive volume studies the development and consequences of corporate governance mechanisms in modern economies. It will be of great value to economists, lawyers, policy makers, and all who are concerned with economic development and the distribution of power within modern societies.

Joseph A. McCahery is Professor of International Business Law at Tilburg University Faculty of Law and the Center for Company Law. He holds a visiting appointment at Leiden University Faculty of Law.Piet Moerland is Professor of Corporate Governance at Tilburg University where he teaches courses on mergers and acquisitions and corporate governance.M.J.G.C. (Theo) Raaijmakers is Professor of Corporate Law at Tilburg University Faculty of Law.Luc Renneboog is Associate Professor at the Department of Finance of Tilburg University and research fellow at the Center for Economic Research (Tilburg).