Market-Based Governance

Market-Based Governance PDF

Author: John D. Donahue

Publisher: Rowman & Littlefield

Published: 2004-05-26

Total Pages: 386

ISBN-13: 9780815798927

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A Brookings Institution Press and Visions of Governance for the 21st Century publication The latest in a series exploring twenty-first-century governance, this new volume examines the use of market means to pursue public goals. Market-based governance includes both the delegation of traditionally governmental functions to private players, and the importation into government of market-style management approaches and mechanisms of accountability. The contributors (all from Harvard University) assess market-based governance from four perspectives: The demand side deals with new, revised, or newly important forms of interaction between government and the market where the public sector is the customer. Chapters in this section include Steve Kelman on federal procurement reform, Karen Eggleston and Richard Zeckhauser on contracting for health care, and Peter Frumkin. The supply side section deals with unsettled questions about government's role as a provider (rather than a purchaser) within the market system. Contributors include Georges de Menil, Frederick Schauer and Virginia Wise. A third section explores experiments with market-based arrangements for orchestrating accountability outside government by altering the incentives that operate inside market institutions. Chapters include Robert Stavins on market-based environmental policy, Archon Fung on social markets, and Cary Coglianese and David Lazer. The final section examines both the upside and the downside of the market-based approach to improving governance. Contributors include Elaine Kamarck, John D. Donahue, Mark Moore, and Robert Behn. An introduction by John D. Donahue frames market-based governance as an effort to engineer into public work some of the intensive accountability that characterizes markets without surrendering the extensive accountability of conventional government. A preface by Joseph S. Nye Jr. sets the book in the context of a larger inquiry into the future of governance.

Market-Based Governance

Market-Based Governance PDF

Author: John D. Donahue

Publisher: Rowman & Littlefield

Published: 2004-05-26

Total Pages: 376

ISBN-13: 081579892X

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A Brookings Institution Press and Visions of Governance for the 21st Century publication The latest in a series exploring twenty-first-century governance, this new volume examines the use of market means to pursue public goals. Market-based governance includes both the delegation of traditionally governmental functions to private players, and the importation into government of market-style management approaches and mechanisms of accountability. The contributors (all from Harvard University) assess market-based governance from four perspectives: The demand side deals with new, revised, or newly important forms of interaction between government and the market where the public sector is the customer. Chapters in this section include Steve Kelman on federal procurement reform, Karen Eggleston and Richard Zeckhauser on contracting for health care, and Peter Frumkin. The supply side section deals with unsettled questions about government's role as a provider (rather than a purchaser) within the market system. Contributors include Georges de Menil, Frederick Schauer and Virginia Wise. A third section explores experiments with market-based arrangements for orchestrating accountability outside government by altering the incentives that operate inside market institutions. Chapters include Robert Stavins on market-based environmental policy, Archon Fung on social markets, and Cary Coglianese and David Lazer. The final section examines both the upside and the downside of the market-based approach to improving governance. Contributors include Elaine Kamarck, John D. Donahue, Mark Moore, and Robert Behn. An introduction by John D. Donahue frames market-based governance as an effort to engineer into public work some of the intensive accountability that characterizes markets without surrendering the extensive accountability of conventional government. A preface by Joseph S. Nye Jr. sets the book in the context of a larger inquiry into the future of governance.

Corporate Governance Matters

Corporate Governance Matters PDF

Author: David Larcker

Publisher: FT Press

Published: 2011-04-14

Total Pages: 497

ISBN-13: 0132367076

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Corporate Governance Matters gives corporate board members, officers, directors, and other stakeholders the full spectrum of knowledge they need to implement and sustain superior governance. Authored by two leading experts, this comprehensive reference thoroughly addresses every component of governance. The authors carefully synthesize current academic and professional research, summarizing what is known, what is unknown, and where the evidence remains inconclusive. Along the way, they illuminate many key topics overlooked in previous books on the subject. Coverage includes: International corporate governance. Compensation, equity ownership, incentives, and the labor market for CEOs. Optimal board structure, tradeoffs, and consequences. Governance, organizational strategy, business models, and risk management. Succession planning. Financial reporting and external audit. The market for corporate control. Roles of institutional and activist shareholders. Governance ratings. The authors offer models and frameworks demonstrating how the components of governance fit together, with concrete examples illustrating key points. Throughout, their balanced approach is focused strictly on two goals: to “get the story straight,” and to provide useful tools for making better, more informed decisions.

Market Drive and Governance

Market Drive and Governance PDF

Author: Ralf Boscheck

Publisher: Routledge

Published: 2001-12-13

Total Pages: 221

ISBN-13: 1134506279

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Corporate moves towards focused production and outsourcing, governmental reforms involving privatization and deregulation and the globalization of trade and investments promise large efficiency gains. However, the necessary coordination mechanisms call for regulatory approval and policy guidelines to safeguard these undertakings against abuse, whic

Governance for the Environment

Governance for the Environment PDF

Author: Magali A. Delmas

Publisher: Cambridge University Press

Published: 2009-08-06

Total Pages: 301

ISBN-13: 1139479903

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We live in an era of human-dominated ecosystems in which the demand for environmental governance is rising rapidly. At the same time, confidence in the capacity of governments to meet this demand is waning. How can we address the resultant governance deficit and achieve sustainable development? This book brings together perspectives from economics, management, and political science in order to identify innovative approaches to governance and bring them to bear on environmental issues. The authors' analysis of important cases demonstrates how governance systems need to fit their specific setting and how effective policies can be developed without relying exclusively on government. They argue that the future of environmental policies lies in coordinated systems that simultaneously engage actors located in the public sector, the private sector, and civil society. Governance for the Environment draws attention to cutting-edge questions for practitioners and analysts interested in environmental governance.

Corporate Governance and Initial Public Offerings

Corporate Governance and Initial Public Offerings PDF

Author: Alessandro Zattoni

Publisher: Cambridge University Press

Published: 2012-03-22

Total Pages: 613

ISBN-13: 1107379326

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Initial Public Offerings (IPOs) are unique economic and governance events as privately held firms issue common stock or shares to the public for the first time. The governance issues surrounding IPOs are relatively unexamined compared to more established, and usually larger, firms. As such, they provide a unique context to study corporate governance and its development around the world. Based on a collaborative international research project, this book analyses the corporate governance of IPOs in twenty-one countries, each of which is characterized by different governance environments and different levels of IPO activity. The end result is a broad and deep assessment of governance practices and IPO activity for an array of economies that represent roughly 80 percent of the global economy. These chapters collectively provide new insights into what a global theory of corporate governance might look like and offer guidance to policy makers and academics regarding national governance configurations.

OECD Principles of Corporate Governance

OECD Principles of Corporate Governance PDF

Author: OECD

Publisher: OECD Publishing

Published: 1999-10-06

Total Pages: 42

ISBN-13: 9264173706

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These principles of corporate governance, endorsed by the OECD Council at Ministerial level in 1999, provide guidelines and standards to insure inclusion, accountability and abilit to attract capital.

Capital Markets and Corporate Governance

Capital Markets and Corporate Governance PDF

Author: Nicholas Dimsdale

Publisher: Oxford University Press on Demand

Published: 1994

Total Pages: 349

ISBN-13: 9780198287889

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Contributors: N. Dimsdale, J. Kay, P. Marsh, J. Charkham, A. Sykes, D. McWilliams, A. Sentance, M. Middleton, D. Lomax, C. Mayer, A. Beecroft, A. Hughes, M. Prevezer, M. Ricketts, J. Edwards, E. Schneider-Lenne, J. Corbett, S. Masuyama, K. FischerRWritten by leading academics, bankers, and consultants, this book discusses major issues in corporate governance. The papers concentrate upon the financing of corporations, and the role of the banks and stock markets in the United Kingdom, Germany, and Japan. A central theme of the book is aconstant awareness of the links between the accountability of senior managers, the system of corporate governance, and the performance of a company.The contributors examine the role of shareholders, company boards, and managers under a market-based system as in the UK and USA, in comparison with the `insider' system found in Japan and, to a lesser extent, Germany. They discuss the view that this UK system leads to a preoccupation withshort-term corporate performance and a greater likelihood of hostile takeovers. The contribution of the banks to corporate finance and control is also examined, including a discussion of the spcial problems of small forms. The Japanese and the German financial and corporate systems areauthoritatively analysed.

Hedge Fund Activism

Hedge Fund Activism PDF

Author: Alon Brav

Publisher: Now Publishers Inc

Published: 2010

Total Pages: 76

ISBN-13: 1601983387

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Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.

Governance of Global Financial Markets

Governance of Global Financial Markets PDF

Author: Emilios Avgouleas

Publisher: Cambridge University Press

Published: 2012-04-26

Total Pages: 501

ISBN-13: 0521762669

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Analyses governance structures for international finance, evaluates current regulatory reforms and proposes a new governance system for global financial markets.