This book focuses on corporate governance and performance in a range of countries throughout Europe and beyond. It is the result of research carried out by teams familiar with the corporate culture of their target countries. The results have important implications for capital market reform.
I. Corporate Governance and Performance: The Research Questions 1. Introduction, Theoretical Framework, and Chapter Contents,Klaus Gugler 2. Direct Monitoring and Profitability: Are Large Shareholders Beneficial?,Klaus Gugler 3. Beneficial Blockholders versus Entrenchment and Rent Extraction?,Klaus Gugler 4. Takeovers and Market for Corporate Control,Klaus Gugler 5. Managerial Compensation,Klaus Gugler 6. The Identity of Owners,Klaus Gugler II. Country Reports 7. Austria,Klaus Gugler 8. Belgium,Marc Goergen and Luc Renneboog 9. Germany,Ekkehart Boehmer 10. France,Elizabeth Kremp and Patrick Sevestre 11. Italy,Magda Bianco 12. Japan,Kyoko Sakuma 13. The Netherlands,Abe de Jong 14. Spain,Rafel Crespi-Cladera 15. Turkey,Burcin Yurtoglu 16. United Kingdom,Marc Goergen and Luc Renneboog 17. Conclusion and Policy Implications,Klaus Gugler
Klaus Gugler is Assistant Professor of Economics in the Department of Economics at the University of Vienna.