Dividends are not only a signal about a firm's prospects under asymmetric information, but they can also act as a corporate governance device to align the management's interests with those of the shareholders. Dividend Policy and Corporate Governance is the first comprehensive volume on the relationship between dividend policy and corporate governance, and examines in detail empirical studies and current theories. Reviewing the interactions between dividend policy and other corporate governance mechanisms, it compares results for the UK and the US with those for other countries such as France, Germany, and Japan, and provides new empirical evidence on corporate governance in continental Europe and its impact on dividends. Focusing on one of the main representatives of this system, Germany, it highlights major differences between the dividend policies of German firms and those of UK or US firms. Conventional wisdom states that German dividends are lower than UK or US dividends, yet on a published-profits basis, the exact converse is true. In addition, the authors demonstrate a link between corporate control structures and dividend payouts, report evidence that the existence of a loss is an additional determinant of dividend changes, and demonstrate that the tax status of the controlling shareholder and the firm's dividend payout are not linked. The conclusions reached in this book have important implications for the current debate on corporate governance, making it invaluable for academics, finance professionals, regulators and legal advisors.

Dividend Policy and Corporate Governance

Business & Money

Goergen, Marc

Correia da Silva, Luis

Renneboog, Luc

Finance

Oxford University Press

Corporate Governance: A Global Perspective provides a comprehensive introduction to corporate governance theory and practice. Covering topics such as ownership and control, boards of directors and emerging markets, this text highlights the multidisciplinary nature of corporate governance and demonstrates that there is much more to it than compliance with codes of best practice. This edition covers important issues relating to the design of capitalist systems, discussing how emerging economies such as China escaped the Financial Crisis unscathed and exploring the impact of immigration and rising inequality. Corporate Governance: A Global Perspective is suitable for undergraduate, Master's and MBA students. This newly acquired title has been thoroughly revised by Cengage to reflect the latest development in Corporate Governance, including updates to regulation and codes of best practice.

Corporate Governance Global Perspective

Management & Leadership

Cengage Learning EMEA

How Reported Board Independence Overstates Actual Board Independence in Family Firms: A Methodological Concern (Annals of Corporate Governance)

Ansari, Iram Fatima

Mira, Svetlana

Now Publishers

'This book is a major advancement in the area of complexity and corporate governance. By bringing together a range of leading experts in the fields of complexity and corporate governance, this book manages to knowledgeably wed the emerging field of complex systems thinking with the more established area of corporate governance. It brings a range of new and exciting concepts, such as emergence, co-evolution and self-organisation, and integrates them into an overarching and holistic understanding of corporate governance that is a clear benefit to corporate actors and stakeholders. The book is a major resource for both academic and practitioner audiences.' - Robert Geyer, Lancaster University, UK`Corporations are usually perceived through the lens of traditional disciplines as creatures of law or as economic agents. The absence of a single language of accountability has been unsatisfactory to the point of contributing to the seeming endemic failures of corporate governance. Corporate Governance and Complexity Theory is a hugely important step forward in introducing a new way of thinking about the impact of corporate power. Its concluding words tell it all. ''The holistic approach adopted by complexity theory consists of looking at all related entities, or in this case all corporate governance actors, that interact and influence each other, within the entire corporate governance environment or corporate governance social ecosystem''. The theory also offers a new interpretation of corporate governance, and thus provides some novel insights. The book is well written, helpfully organized and jargon free. It is exciting in concept and execution. You will enjoy it.' - Robert Monks, Lens Governance Advisors

Corporate Governance and Complexity Theory

Mallin, Christine A.

Chiu, Iris H.-Y.

Mitleton-Kelly, Eve

Al-Hawamdeh, Ahmed

Edward Elgar Publishing

Goergen (finance, U. of Reading) presents an original study of the German and British financial markets, drawing on detailed company micro-data to examine the ownership and performance of each firm during the six years after its flotation. He finds that the evolution of ownership depends on certain corporate characteristics, and that differences in financial performance cannot be explained simply by differences in the concentration of ownership. His conclusions shed light on the question of whether corporate ownership influences or is influenced by financial performance, and have implications for the current public debate on corporate governance and the globalization of financial markets. Annotation c. by Book News, Inc., Portland, Or.

Corporate Governance and Financial Performance: A Study of German and UK Initial Public Offerings

Economics

See the best price to sell, buy, or rent books by Goergen, Marc. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Goergen, Marc