Corporate Governance and Capital Flows in a Global Economy [Hardcover]

This volume is a timely and insightful exploration into the issues of corporate governance and the impact of corporate governance practices on investments in developing countries. Sponsored by the World Economic Forum, INSEAD, and Wharton, this book collects original essays from senior researchers at the worlds top academic institutions as well as from key policymakers and business leaders, It analyzes global aspects of governance in relation to such issues as corporate performance, privatization, venture capitalism, and workers. With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas,Corporate Governance and Capital Flows in a Global Economyis a must read for anyone interested in financial crises, international risk management, and global competitiveness.

ForewordPatrick T. Harker and Gabriel Hawawini
ForewordKlaus Schwab
Contributors
1 Introduction.
Corporate Governance and Capital Flows in a Global Economy,Peter K. Cornelius and Bruce Kogut
Part I: Current and Emerging Challenges in Corporate Governance
Enron and Its Aftermath
2 What Caused Enron?.
A Capsule of Social and Economic History of the 1990's,John C. Coffee, Jr.
3 Chareholder Value, Corporate Governance, and Corporate Performance.
A Post-Enron Reassessment of the Conventional Wisdom,Margaret M. Blair
4 The Bubble and the Media.Alexander Dyck and Luigi Zingales
Expanding the Purview of Governance: Employees and Early Investors
5 Employees and Corporate Governance.Mary O'Sullivan
6 Venture Capital and Corporate Governance.Franklin Allen and Wei-ling Song
Part II: Corporate Governance, Economic Development, and Cross-Border lƒj