Table of Contents

The Modern Firm, Corporate Governance and Investment

The Modern Firm, Corporate Governance and Investment

New Perspectives on the Modern Corporation series

Edited by Per-Olof Bjuggren and Dennis C. Mueller

This book explores the revolutionary development of the theory of the firm over the past 35 years. Despite rapid progress in the field, new developments in the microeconomic and industrial organization literature have been relatively scant. This book attempts to redress the balance by providing a comprehensive overview of the theory of the firm before moving on to examine firms and the organization of their economic activities. The contributors also investigate the impact of ownership structure and board composition on firm performance and study how the institutional framework of an economy affects investment decisions.

Preface

Edited by Per-Olof Bjuggren and Dennis C. Mueller

Subjects: business and management, corporate governance, economics and finance, corporate governance, industrial organisation, institutional economics

Extract

This book is a collection of papers from two workshops held in Jönköping, Sweden, in 2006 and 2007. The theme of the workshop in 2006 was ‘Corporate Governance and Investment’ in a wide sense. Topics of papers could be: to describe and analyse the ownership and corporate governance structure of a given country; to make a comparative analysis of governance structures in different countries; to study corporate governance and performance in different types of firms (for example, family and non-family owned firms); to explain the levels of investment of companies; and to draw policy implications about how capital markets might be altered to improve the allocation of capital and the overall performance of companies. The workshop arranged in Jönköping was one in a series of annual meetings of a European Corporate Governance Network. The network’s first meeting was at Cambridge University (UK) in 1998 by initiative of Professor Dennis C. Mueller and Professor Alan Hughes. Since then several meetings have been organized. The 2006 workshop in Jönköping was the seventh. The second workshop, held in Jönköping in September 2007, was the first of its kind inspired by the emerging literature on the economics of the firm. The background to the workshop was the revolutionary development of the theory of the firm that has taken place during the last 35 years. In spite of all the progress in the field, traces of the new developments in microeconomic and industrial organization textbooks are scant....