Corporate Governance, Accountability, and Pressures to Perform: An International Study / Edition 2

by Istemi Demirag, Marc J. Epstein

Overview

In "Corporate Governance, Accountability, and Pressures to Perform: An International Study", Professor Demirag provides an up-to-date review of the structures and characteristics of the various financial and corporate governance systems that exist in different countries around the world. The scope of this book is wide-ranging and reflects the authors' extensive experience in this area. The book provides a useful framework for addressing variety of key issues including why and how some companies take advantage of differences in corporate governance practices, while others fail, in the performance and management of their research and development practices. This book explores how corporate governance systems in various European countries, the United States, Australia and Japan are embedded in their overall national financial systems and whether the national corporate governance systems are converging to some extent. Through the use of a survey, the book examines how various financial and corporate governance systems protect companies from, or expose them to, short-term pressures. An attempt is also made to measure the short-term perceptions of over one thousand top company executives internationally and to show how they react to these pressures in the management of their research and development. The ultimate aim of this book is to identify those financial systems and corporate governance structures where short-term pressures are resisted and longer-term investment decisions are encouraged.

Product Details

ISBN-13:	9780762304202
Publisher:	Emerald Group Publishing Limited
Publication date:	09/21/1998
Series:	Studies in Managerial and Financial Accounting , #8
Pages:	412
Product dimensions:	6.14(w) x 9.21(h) x 0.91(d)

Table of Contents

List of contributors. Acknowledgements. Introduction (I.S. Demirag). Short-term performance pressures, corporate governance, and accountability: an overview (I.S. Demirag). Short-termism, financial systems, and corporate governance: a theoretical framework (I.S. Demirag). The cultural context of corporate governance, performance pressures, and accountability (J. Kuada, H. Gullestup). Financial markets, corporate governance, and short-term pressures in the United Kingdom (I.S. Demirag). Financial markets, corporate governance, and management of R & D: reflections on a manager's perceptions (I.S. Demirag et al.). Capital market pressures, management reward systems, and R & D in Canada (D.J. Sharp, B. Ciepielewski). Financial markets, corporate governance, and short-term pressures in Australia (A.S. Dunk, A. Kilgore). Financial markets, corporate governance, and the impact of performance pressures on R & D management in The Netherlands (T. Groot). Short-termism does not seem to affect decisions in Swedish industry on research and development - yet (P. Adolfsson et al.). Performance pressures and innovation in Danish industry (H. Norrekilt, P.E. Sorensen). Short-termism in France - a dual approach (J. Kennedy). Capital markets and corporate governance in Italian companies: a study of short-term pressures (G. Brunetti, F. Cescon). Financial markets, corporate governance, and short-term pressures in Germany (R. Schmidt). Corporate governance, corporate control, and R & D in Japanese manufacturing (N. Dol). Emerging trends and clusters: an exploration of the influencing factors (I.S. Demirag, A. Tylecote). Author index. Subject index.