Cressy, Robert, Cumming, Douglas, Mallin, Chris (Eds.)
2013, VI, 458 p.
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Timely topics relating to law, ethics, entrepreneurship and finance in the light of recent financial crisis
International perspectives and empirical data from around the world
Recent research materials from leading international academics
First focused work which links entrepreneurship and finance to governance and business ethics
This book spans topics at the intersection of business ethics and governance as they pertain to entrepreneurship and finance. To the Editors’ knowledge it is the first collection of papers linking entrepreneurship and finance to governance and business ethics, rather than exploring these issues separately. The chapters identify empirically the strong interplay between ethics in organizational efficiency and financial activity, and the role of legal settings and governance in facilitating better ethical standards. The chapters explore novel and timely topics, particularly in the context of the recent financial crisis and the subsequent debate over regulating unethical behaviour. This book finally encourages future scholars to investigate the role of law and governance in mitigating corruption and fostering integrity in the fields of entrepreneurship and finance.
Content Level »Research
Keywords »China's Capital Market - Chinese Management Buyouts - Climate Control and Environmental Mitigation - Corporate Governance and Corporate Strategies - Corporate Scandals and Capital Structure - Corporate Social Responsibility - Cost of Sustainability on Optimal Portfolio Choices - Dividend Protection - Effect of State Ownership on China's Regulatory Enforcement - Entrepreneurship and Ethics - Entrepreneurship, Venture Finance and Ethics - Ethics and Governance in China - Ethics, Fraud and Managerial Decisions - Financial Ethics - Governance and Ethics - Harmonized Regulatory Standards - Impact of Legal Systems on Corporate Responsibility - Law and Ethics - Management with Investment Constraints - Philanthropic Venture Capital Investments - Stock Market Regulation - Understanding Outside Directors Stock Holdings - Value of Entrepreneurial Ethics
1 Introduction to Entrepreneurship, Governance and Ethic ; Robert Cressy, Douglas Cumming and Christine Mallin.- Part I Entrepreneurship, Venture Finance and Ethics.- 2 The Value of Entrepreneurial Ethics Around the World; April Knill.- 3 Do private equity firms respond better to financial distress than PLCs?; Robert Cressy and Hisham Farag.- 4 Deal Structuring in Philanthropic Venture Capital Investments; Luisa Alemany and Mariarosa Scarlata.- 5 The Role of Law, Corruption and Culture in Investment Fund Manager Fees; Sofia Johan and Dorra Najar.- 6 Legal Protection, Corruption and Private Equity Returns in Asia; Douglas Cumming,Grant Fleming, Sofia Johan and Mai Ta.- PartII Governance, Ethics, Regulation and Financial Structure.- 7 Stock Market Regulation and News Dissemination: Evidence from an Emerging Market; Robert Cressy and Hisham Farag.- 8 Exploring the Impact of Legal Systems and Financial Structure on Corporate Responsibility; Celine Gainet.- 9 The UK Alternative Investment Market – International Applicability and Ethical Issues; Chris Mallin and Kean Ow-Yong.- 10 Harmonized Regulatory Standards, International Distribution of Investment Funds and the Recent Financial Crisis; Douglas Cumming, GaelI'madiene and Armin Schwienbacher.- 11Delegated Portfolio Management with Investment Constraints; Annalisa Fabretti,Stefano Herzel.- 12 The cost of sustainability on optimal portfolio choices; Stefano Herzel, Marco Nicolosi,Catalin Starica.- Part III Ethics, Fraud and Managerial Decisions.- 13 Voluntary and Mandatory Skin in the Game: Understanding Outside Directors Stock Holdings; Sanjai Bhagat and Heather Tookes.- 14 Corporate Scandals and Capital Structure;Stefano Bonini.- 15 Corporate Fraud and Managers' Behavior: Evidence from the Press; Jeffrey Cohen, Yuan Ding, CedricLesage and Herve Stolowy.- 16 Corporate Governance and Corporate Strategies for Climate Control and Environmental Mitigation; Raj Agawaral and Sandra Dow.- Part IV Ethics and Governance in China.- 17 Player and Referee Roles Held Jointly: The Effect of State Ownership on China's Regulatory Enforcement Against Fraud;Wenxuan Hou and Geoff Moore.- 18 Reactivity and Passivity after Enforcement Actions:Better Late than Never Shujun Ding, Chunxin Jia, Yianshun Li and Zhenyu Wu.- 19 Chinese Management Buyouts and Board Transformation; Yao Li, Mike Wright, Louise Scholes.- 20 Dividend Protection, Tunnelling or Joint Expropriation? An Empirical Study in China's Capital Market; Huaili Lv, Wanli Li and He Zhang.