Colin Mayer on Corporate Governance Systems — How Much Convergence?
Geoffrey Owen,
Tom Kirchmaier () and
Jeremy Grant
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Geoffrey Owen: Interdisciplinary Institute of Management, London School of Economics and Political Science
Jeremy Grant: Graduate Institute of International Studies
Chapter 4 in Corporate Governance in the US and Europe, 2006, pp 31-36 from Palgrave Macmillan
Abstract:
Abstract Competition between states with different corporate governance frameworks could be beneficial, as it enables firms to choose the most appropriate place of incorporation for their business model. Against this background, it is not surprising that difficulties have been encountered in trying to implement a European Takeover Directive. Opposition to it reflects fundamental differences of view about the role of markets in corporate control in promoting capital market efficiency and the rights and obligations of shareholders.
Keywords: Corporate Governance; Hedge Fund; Initial Public Offering; Investor Protection; Corporate Governance System (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51245-0_4
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DOI: 10.1057/9780230512450_4
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