Special issues relating to corporate governance and family control / Randall Morck and Bernard Yeung Morck, Randall

User activity

Share to:
View the summary of this work
Author
Morck, Randall
Subjects
Corporate governance.; Family corporations - Management.; Family-owned business enterprises - Management.
Summary
"Control of corporate assets by wealthy families in economies lacking institutional integrity is common. It has negative implications on corporate governance and adverse macroeconomic effects when it extends across a sufficiently large part of the country℗s corporate sector. Morck and Yeung consider the reasons why family control and control pyramids predominate in emerging market economies and in some industrial economies. They also discuss the reasons why widely held freestanding firms predominate in the United States. The authors discuss policies that countries might adopt to discourage family control pyramids, but caution that control pyramids are but one feature of an institutionally deficient economy. A concerted effort to improve a country℗s institutions is needed before diffuse ownership is desirable. This papera product of the Global Corporate Governance Forum, Corporate Governance Departmentis part of a larger effort in the department to improve the understanding of corporate governance reform in developing countries"--World Bank web site.
Bookmark
http://trove.nla.gov.au/work/175082
Work ID
175082

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this work

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this work

Add a comment


Show comments and reviews from Amazon users