Public values and public interest : counterbalancing economic individualism / / Barry Bozeman

• Record Nr.: UNINA9910961096203321
• Autore: Bozeman Barry
• Pubbl/distr/stampa: Washington, D.C., : Georgetown University Press, c2007
• ISBN: 9781589014015; 1589014014; 9781435627246; 1435627245
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (225 p.)
• Collana: Public management and change
• Disciplina: 351.01
• Soggetti: Public interest - Economic aspects; Common good - Economic aspects; Public administration
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: The privatization of public value -- Economic individualism and the "publicness" of policies : cases and controversies -- Economic individualism in public policy -- Economic individualism in public management -- Public interest theory and its problems -- Toward a pragmatic public interest theory -- Values, value theory, and collective action -- Public values -- Public value mapping : the case of genetically modified foods and the "terminator gene" -- Managing publicness.
• Sommario/riassunto: Economic individualism and market-based values dominate today's policymaking and public management circlesùoften at the expense of the common good. In his new book, Barry Bozeman demonstrates the continuing need for public interest theory in government. Public Values and Public Interest offers a direct theoretical challenge to the utility of economic individualism, the prevailing political theory in the western world. The book's arguments are steeped in a practical and practicable theory that advances public interest as a viable and important measure in any analysis of policy or public adminis

Corporate Governance Reforms in the EU : : Do They Matter and How? / / Iryna Ivaschenko, Petya Brooks

• Record Nr.: UNINA9910964756003321
• Autore: Ivaschenko Iryna
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2008
• ISBN: 9786612840463; 9781462350759; 1462350755; 9781451869521; 1451869525; 9781282840461; 1282840460; 9781451983258; 1451983255
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (31 p.)
• Collana: IMF Working Papers; IMF working paper ; ; WP/08/91
• Altri autori (Persone): BrooksPetya
• Disciplina: 338.6094
• Soggetti: Corporate governance - Europe; Corporate governance; Auditing; Capital market; Capital markets; Commodity exchanges; Commodity markets; Corporate Finance and Governance: Government Policy and Regulation; Corporate Governance; Finance; Finance: General; Financial instruments; General Financial Markets: General (includes Measurement and Data); Investment & securities; Investments: General; Management accounting & bookkeeping; Public Finance; Role & responsibilities of boards & directors; Securities; Italy
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; I. Introduction; II. National and EU Corporate Governance Reforms; A. National Reforms; B. EU Reforms; III. Measuring the Private Value of Control; IV. Data and Methodology; A. Data Sample and Descriptive Statistics; B. Empirical Strategy; V. Main Findings; A. Voting Premiums Across Time and Countries; B. Have Reforms Reduced the Private Benefits of Control?; C. Have Reforms Brought About Convergence in Corporate Control?; VI. Conclusions; References; Tables; 1. Italy: National Corporate Reform; 2. Germany: National Corporate Governance Reforms; 3. France: National Corporate Governance Reforms4. EU Corporate Governance Reforms; 5. Number of Dual-Class Firms by Country; 6. Voting Premium: Summary Statistics; 7. Voting Premiums Year Effects; 8. Voting Premium Distributed Year Effects; 9. Relative Effectiveness of Reforms in C3 Compared to the EU and Non-EU Peers, by Year; 10. Relative Effectiveness of Reforms Compared to Control Groups: A Summary; 11. Voting Premiums: Year Effects, Accounting for Product Market Reforms; 12. Relative Effectiveness of Reforms in C3 Compared to the EU and Non-EU Peers, Accounting for Product Market Reforms, by Year13. Distribution Characteristics of Voting Premiums, Pooled for All EU Countries; Figures; 1. Dynamic of the Voting Premiums Acorss Countries, 1992-2007; 2. Reform Efforts: Number of Important Corporate Governance Reforms Per Year; 3. Number of National and EU Corporate Governance Reforms; 4. Convergence in Voting Premiums Across Countries; 5. Distribution of Voting Premium Across EU Countries, by Year
• Sommario/riassunto: This paper proposes a new approach to quantifying the effects of corporate governance reforms, by focusing on the dynamics of the voting premiums, a measure of the private benefits of control in a corporation. The results indicate that the reforms have been successful in reducing the voting premiums EU-wide. Moreover, more intense and broad reform efforts (such as introducing national reforms beyond and above the EU-wide initiatives) bring higher and longer lasting benefits. Our findings also suggest that the market for corporate control in Europe has become more integrated, as illustrated by the lower dispersion in voting premiums across countries and over time.