Ownership and governance of enterprises : recent innovative developments / edited by Laixiang Sun.

Format:

Book

Contributor:

Sun, Laixiang, 1957-

Series:

Studies in development economics and policy

Language:

English

Subjects (All):

Corporate governance--Case studies.

Corporate governance.

Stock ownership--Case studies.

Stock ownership.

Corporations--Case studies.

Corporations.

Industrial management--Case studies.

Industrial management.

Genre:

Case studies.

Physical Description:

xiv, 261 pages : illustrations ; 23 cm.

Place of Publication:

Basingstoke, Hampshire ; New York : Palgrave Macmillan in Association with United Nations University/World Institute for Development Economics Research, 2003.

Summary:

Conventional wisdom recommends the superiority of private ownership of enterprises. The reality confronts it with a rich diversity of ownership and governance structures. This volume examines several types of unorthodox ownership and governance in the industrial sector of major economies. It also analyses and demonstrates that there are alternative ways to harden the budget constraints of state-owned enterprises. It investigates what forces have driven these new developments and what functioning mechanisms have underlain the adaptive dynamics. It also looks at the relevant policy implications for developing and transitional economies. Thanks to the expanding role of these innovative ownership and governance forms in both the developed and developing economies, the perspectives and analyses presented in this book will be of vital interest to investment bankers, corporate lawyers and business consultants, as well as to regulators, policy-makers and scholars.

Contents:

1 Adaptive Efficiency and the Evolving Diversity of Enterprise Ownership and Governance Forms: An Overview / Laixiang Sun 1

2 Institutional Investors, Corporate Ownership and Corporate Governance: Global Perspectives / Stuart L. Gillan, Laura T. Starks 36

3 New Institutional Arrangements for Product Innovation in Silicon Valley / Hirokazu Takizawa 69

4 Sharing Ownership via Employee Stock Ownership / James C. Sesil, Douglas L. Kruse, Joseph R. Blasi 96

5 Hardening a Soft Budget Constraint through 'Upward Devolution' to a Supranational Institution: The Case of the European Union and Italian State-Owned Firms / Elisabetta Bertero, Laura Rondi 124

6 Evolving and Functioning Mechanisms of Employee Stock Ownership in China's Township and Village Enterprises / Laixiang Sun 159

7 Network Externalities and Cooperative Networks: Stylized Facts and Theory / Stephen C. Smith 181

8 Network Externalities and Cooperative Networks: A Comparative Case Study of Mondragon and La Lega with Implications for Developing and Transitional Countries / Stephen C. Smith 202.

Notes:

Includes bibliographical references and index.

ISBN:

1403916330

OCLC:

52070579