CORPORATE GOVERNANCE, FINANCIAL MARKETS AND GLOBAL CONVERGENCE by Morten Balling (Editor), Elizabeth Hennessy (Editor), Richard O'Brien (Editor) ( 9780792348252 )

Item Details

Title:

CORPORATE GOVERNANCE, FINANCIAL MARKETS AND GLOBAL CONVERGENCE

By:

Morten Balling (Editor), Elizabeth Hennessy (Editor), Richard O'Brien (Editor)

Format:

Hardback

List price:	£159.99
We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10:

0792348257

ISBN 13:

9780792348252

Publisher:

KLUWER ACADEMIC PUBLISHERS

Pub. date:

1 December, 1997

Edition:

1997 ed.

Series:

Financial and Monetary Policy Studies v. 33

Pages:

366

Description:

Contains papers which were presented in Budapest at the 20th Colloquium of the Societe Universitaire Europeenne de Recherches Financieres (SUERF), arranged in association with the Robert Triffin-Szirak Foundation. This volume deals with a different aspect of the characteristics of and trends in corporate governance.

Synopsis:

for many years been heavily dependent on bank financing, and this situation has not changed fundamentally. In his paper on stock exchange governance in the European Union Guido Ferrarini discusses the relative merits of member and investor ownership and compares stock exchange regulation in a number of EU countries. Faced with increasing competition amongst themselves and against other enterprises that offer transaction services, such as proprietary trading systems, it is essential for European stock exchanges to improve their efficiency and to generate volume. Large investments in new information technology are necessary in order to preserve competitiveness in agIobaI financial market. The implementation of the ISD has accelerated cross-border transaction activity of member firms and investors and strengthened the pressure for convergence of national stock exchange laws in the EU. In their paper, Francesco Giavazzi and Marco Battaglini look at the role played by banks in privatization processes. Banks can be involved in such processes in several ways.They may themselves be the objects of privatization since in many countries a significant fraction of the banking industry is publicly owned. This is the case in France, Spain and Italy. But banks can also be important buyers of the equity of industrial firms sold by the government if they are allowed to do so. The authors characterize privatizations as a very good opportunity to set up the right environment for the development of new financial intermediaries and in general for asound corporate governance system.

Illustrations:

biography

Publication:

Imprint:

Kluwer Academic Publishers

Returns:

Returnable

Some other items by this author:

A BLOODY MESS (PB)

A DOMESTIC HISTORY OF THE BANK OF ENGLAND, 1930-1960

A DOMESTIC HISTORY OF THE BANK OF ENGLAND, 1930-1960 (PB)

ADAPTING TO FINANCIAL GLOBALISATION