Rethinking Corporate Governance’s extensive and insightful empirical investigation offers a radically new approach to corporate governance. This ground-breaking volume describes and analyses the key nature-based and actor-based forces that ultimately determine corporate governance processes and long-term corporate paths. Generally, such forces work in complex and intricate interplays that to a large extent vary among corporations. The author argues that actions taken by individuals have a special status among those forces, as they not only generate impact in themselves, but also involve interpretations of the possible effects of all the other forces. Among those actions, the ones taken by the shareholders stand out as particularly decisive both for the governance processes as such and for how corporations develop over time.
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The Forming of Operative and Financial Strategies in Global Corporations
Abagail McWilliams and Claus Wendt
In recent years, increasing numbers of articles and studies have emerged across the disciplines of economics, accounting, finance and management to examine the importance of considering both the private and social economic benefits of Corporate Social Responsibility (CSR). As stakeholders and their concerns have multiplied, and empirical evidence has accumulated, CSR has become a critical area of interest. This authoritative research review examines the five related and most significant elements of this subject – theoretical perspectives, firm financial performance, socially responsible investing, environmental performance and strategic CSR – to provide a comprehensive exploration of the literature on Corporate Social Responsibility and its economic consequences.
Edited by Yaakov Weber
For the last four decades, researchers in various disciplines have been trying to explain the enduring paradox of the growing activity and volume of mergers and acquisitions (M & A) versus the high failure rate of M & A. This Handbook will stimulate scholars to focus on new research directions.
J. Harold Mulherin
This significant collection of articles comprises seminal works in recent empirical research on mergers and acquisitions. The papers provide a detailed analysis of fundamental questions such as the sources of gains in mergers and acquisitions, the role of activists in the takeover process, the existence of merger waves, the relevance of auction models in corporate takeovers and the measurement of bidder returns.
Creating Value for Shareholders
This book explores the conditions for growth that can create value for shareholders, focusing on the main strategies adopted by firms including horizontal expansion, vertical integration and product diversification. To evaluate whether or not a particular growth strategy is successful, the author examines the economic fundamentals of each strategy and presents analytical models of both internal development and external acquisition. He moves on to present four case studies of successful companies to highlight how a firm chooses and implements a defined growth strategy.
Old Mutual’s Hostile Takeover of Skandia
Markus Kallifatides, Sophie Nachemson-Ekwall and Sven-Erik Sjöstrand
This insightful book focuses upon corporate governance processes, and explores the conditions required for effective corporate governance and control in 21st century globalized and financialized economies. In presenting a comprehensive study of a cross-border hostile corporate take-over process, describing the actors, institutions and events involved, this book examines and questions the current forms of corporate governance and control – both from a national and a global perspective. Using Old Mutual’s takeover of Skandia as a case study, the authors address corporate governance theory, and highlight its two fundamental dimensions: financial and operational flows.
Robert A. Phillips and R. Edward Freeman
This landmark research review takes a retrospective look at the most important and influential works in the study of stakeholders since Freeman’s 1984 publication, Strategic Management: A Stakeholder Approach. 2009 marked the 25th anniversary of this watershed in organizational scholarship, so this was an excellent time for Phillips and Freeman to revisit this topical and exciting subject.