Financial and Monetary Policy Studies

Corporate Governance, Financial Markets and Global Convergence

Editors: Balling, Morten, Hennessy, Elizabeth, O'Brien, Richard (Eds.)

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About this book

for many years been heavily dependent on bank financing, and this situation has not changed fundamentally. In his paper on stock exchange governance in the European Union Guido Ferrarini discusses the relative merits of member and investor ownership and compares stock exchange regulation in a number of EU countries. Faced with increasing competition amongst themselves and against other enterprises that offer transaction services, such as proprietary trading systems, it is essential for European stock exchanges to improve their efficiency and to generate volume. Large investments in new information technology are necessary in order to preserve competitiveness in agIobaI financial market. The implementation of the ISD has accelerated cross-border transaction activity of member firms and investors and strengthened the pressure for convergence of national stock exchange laws in the EU. In their paper, Francesco Giavazzi and Marco Battaglini look at the role played by banks in privatization processes. Banks can be involved in such processes in several ways. They may themselves be the objects of privatization since in many countries a significant fraction of the banking industry is publicly owned. This is the case in France, Spain and Italy. But banks can also be important buyers of the equity of industrial firms sold by the government if they are allowed to do so. The authors characterize privatizations as a very good opportunity to set up the right environment for the development of new financial intermediaries and in general for asound corporate governance system.

Table of contents (13 chapters)

  • The Effect of Board Size and Composition on Corporate Performance

    Álvarez, Ana Isabel Fernández (et al.)

    Pages 1-16

  • Banks and Corporate Governance in Italy: A Two-Tier Model

    Barca, Fabrizio (et al.)

    Pages 17-40

  • The New Financial Landscape and its Impact on Corporate Governance

    Blommestein, Hans J.

    Pages 41-72

  • Privatization and Corporate Governance: Some Lessons from the Experience of Transitional Economies

    Boeri, Tito (et al.)

    Pages 73-88

  • Corporate Governance in the Netherlands

    Bolt, Wilko (et al.)

    Pages 89-112

Buy this book

eBook $189.00
price for USA (gross)
  • ISBN 978-1-4757-2633-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $239.00
price for USA
valid through November 5, 2017
  • ISBN 978-0-7923-4825-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $239.00
price for USA
valid through November 5, 2017
  • ISBN 978-1-4419-4784-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Corporate Governance, Financial Markets and Global Convergence
Editors
  • Morten Balling
  • Elizabeth Hennessy
  • Richard O'Brien
Series Title
Financial and Monetary Policy Studies
Series Volume
33
Copyright
1998
Publisher
Springer US
Copyright Holder
Springer Science+Business Media Dordrecht
eBook ISBN
978-1-4757-2633-6
DOI
10.1007/978-1-4757-2633-6
Hardcover ISBN
978-0-7923-4825-2
Softcover ISBN
978-1-4419-4784-0
Series ISSN
0921-8580
Edition Number
1
Number of Pages
XXVIII, 338
Topics