LEADER 04713nam 2200541 450 001 9910463410103321 005 20200520144314.0 010 $a0-231-51998-2 024 7 $a10.7312/chew14856 035 $a(CKB)3170000000065121 035 $a(MiAaPQ)EBC3029386 035 $a(DE-B1597)458745 035 $a(OCoLC)861793266 035 $a(OCoLC)979969460 035 $a(DE-B1597)9780231519984 035 $a(Au-PeEL)EBL3029386 035 $a(CaPaEBR)ebr10975969 035 $a(CaONFJC)MIL853666 035 $a(EXLCZ)993170000000065121 100 $a20141121h20092009 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 00$aU.S. corporate governance /$fedited by Donald H. Chew and Stuart L. Gillan 210 1$aNew York ;$aChichester, England :$cColumbia University Press,$d2009. 210 4$dİ2009 215 $a1 online resource (380 pages) $cillustrations 225 0 $aColumbia Business School Publishing 300 $a"Columbia Business School Publishing"--Cover. 311 $a0-231-14857-7 320 $aIncludes bibliographical references and index. 327 $tFrontmatter -- $tContents -- $tIntroduction -- $tPart I: Broad Perspectives on Corporate Governance -- $t1. Value Maximization, Stakeholder Theory, and the Corporate Objective Function / $rJensen, Michael C. -- $t2. The State of U.S. Corporate Governance: What's Right and What's Wrong? / $rHolmstrom, Bengt / Kaplan, Steven N. -- $t3. U.S. Corporate Governance: Accomplishments and Failings: A Discussion with Michael Jensen and Robert Monks / $rJensen, Michael / Monks, Robert -- $tPart II: Internal Governance: Boards and Executive Compensation -- $t4. The Director's New Clothes (or, The Myth of Corporate Accountability) / $rMonks, Robert / Minow, Nell -- $t5. Best Practices in Corporate Governance: What Two Decades of Research Reveals / / $rShivdasani, Anil / Zenner, Marc -- $t6. Pay without Performance: Overview of the Issues / $rBebchuk, Lucian A. / Fried, Jesse M. -- $t7. Is U.S. CEO Compensation Broken? / $rCore, John E. / Guay, Wayne R. / Thomas, Randall S. -- $tPart III: External Governance: Ownership Structure -- $t8. Just Say No to Wall Street: Putting a Stop to the Earnings Game / $rFuller, Joseph / Jensen, Michael C. -- $t9. Identifying and Attracting the "Right" Investors: Evidence on the Behavior of Institutional Investors / $rBushee, Brian -- $t10. U.S. Family- Run Companies- They May Be Better Than You Th ink / $rMcVey, Henry / Draho, Jason -- $t11. The Evolution of Shareholder Activism in the United States / $rGillan, Stuart L. / Starks, Laura T. -- $tPart IV: External Governance: The Market for Corporate Control -- $t12. Corporate Control and the Politics of Finance / $rJensen, Michael C. -- $t13. Where M&A Pays and Where It Strays: Survey of the Research / $rBruner, Robert -- $t14. 14. Private Equity, Corporate Governance, and the Reinvention of the Market for Corporate Control / $rWruck, Karen H. -- $tAbout the Contributors -- $tIndex 330 $aCorporate governance constitutes the internal and external institutions, markets, policies, and processes designed to help companies maximize their efficiency and value. In this collection of classic and current articles from the Journal of Applied Corporate Finance, thought leaders such as Michael Jensen and Robert Monks discuss the corporate mission of value maximization and the accomplishments and limitations of the U.S. governance system in achieving that end. Essays address the elements driving corporate value: the board of directors, compensation for CEOs and other employees, incentives and organizational structure, external ownership and control, role of markets, and financial reporting. They evaluate best practice methods, challenges in designing equity plans, transferable stock options, the controversy over executive compensation, the values of decentralization, identifying and attracting the "right" investors, the evolution of shareholder activism, creating value through mergers and acquisitions, and the benefits of just saying no to Wall Street's "earnings game." Grounded in solid research and practice, U.S. Corporate Governance is a crucial companion for navigating the world of modern finance. 606 $aCorporate governance$zUnited States 608 $aElectronic books. 615 0$aCorporate governance 676 $a338.60973 702 $aChew$b Donald H. 702 $aGillan$b Stuart L. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463410103321 996 $aU.S. corporate governance$92448542 997 $aUNINA