This volume provides an up-to-the-minute survey of the field of corporate governance, focusing particularly on issues of convergence and diversity. A number of topics are discussed including bankruptcy procedures, initial public offerings, the role of large stakes, comparative corporate governance, and institutional investors.
1. Introduction,J. McCahery and L. Renneboog 2.I. Legal Convergence of Corporate Governance RegimesThe Case Against Global Cross Reference,W. Bratton and J. McCahery 3. Toward a Single Model of Corporate Law?,H. Hansmann and R. Kraakman 4. Convergence and its Critics: What are the Preconditions to the Separation of Ownership and Control?,J. Coffee 5. Political Preconditions to Separating Ownership from Control,M. Roe 6. Putting Britain on the Roe Map: The Emergence of the Berle-Means Corporation in the United Kingdom,B. Cheffins 7.II. Harmonization and Diversity of Governance Principles in EuropeCommon Principles of Corporate Governance in Europe?,K. Hopt 8. The 13th Takeover Directive and the Williams Act,T. Raaijmakers 9. Convergence or Divergence in Corporate Governance Patterns in Western Europe?,E. Wymeersch 10.III. Concentration of Ownership and Control in EuropePrediction of Control Concentration in German and UK Initial Public Offerings,M. Goergen and L. Renneboog 11. Who Controls German Corporations?,E. Boehmer 12. Complete Separation of Ownership and Control: the Structure Regime and Other Defensive Mechanisms in the Netherlands,P. Moerland 13. Share Price Reactions to CEO Resignations and Large Shareholder Monitoring in Listed French Companies,I.Dherment and L. Renneboog 14.IV. Economic Performance and Governance StructuresHow Do Financial Systems Affect Economic Performance?,W. Carlin and C. Mayer