Corporate Governance and Initial Public Offerings: An International Perspective

Corporate Governance and Initial Public Offerings: An International Perspective

by Alessandro Zattoni
     
 

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Initial Public Offerings (IPOs) are unique economic and governance events as privately held firms issue common stock or shares to the public for the first time. The governance issues surrounding IPOs are relatively unexamined compared to more established, and usually larger, firms. As such, they provide a unique context to study corporate governance and its…  See more details below

Overview

Initial Public Offerings (IPOs) are unique economic and governance events as privately held firms issue common stock or shares to the public for the first time. The governance issues surrounding IPOs are relatively unexamined compared to more established, and usually larger, firms. As such, they provide a unique context to study corporate governance and its development around the world. Based on a collaborative international research project, this book analyses the corporate governance of IPOs in twenty-one countries, each of which is characterized by different governance environments and different levels of IPO activity. The end result is a broad and deep assessment of governance practices and IPO activity for an array of economies that represent roughly 80 percent of the global economy. These chapters collectively provide new insights into what a global theory of corporate governance might look like and offer guidance to policy makers and academics regarding national governance configurations.

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Editorial Reviews

From the Publisher
“This book is the first, and at this point definitive, cross-national examination of IPO markets. As such it will be an invaluable tool to scholars, policymakers and corporations. The breadth and scope of the papers is impressive and the collective knowledge will serve as a primary source of foundational knowledge for years to come.” - Tim Devinney, Professor of Strategy at the University of Technology, Sydney

“This book describes and contrasts corporate governance contexts and practices at the time of an IPO in 21 widely disparate countries. The phenomena are documented with both publicly available and privately collected data, and the authors provide their explanations using multiple theoretical paradigms. This is a wonderful addition to the literature in an important, understudied area.” - Kenneth A. Merchant, Deloitte & Touche LLP Chair of Accountancy, University of Southern California, Los Angeles

“The editors have accomplished a wondrous fete of academic entrepreneurship in collating, on a global basis, information relating to corporate governance and initial public offerings (IPOs). Focusing on IPOs is particularly useful because it provides a market place reality test of various aspects of corporate governance. The method of presentation of materials, the classification of categories and the use of charts makes it easy to use this formidable research tool. This is a book that everyone interested in Corporate Governance will want to own – buy it.” - Robert A.G. Monks, shareholder activist, corporate governance adviser and founder of ISS, the Corporate Library, the LENS Fund and Governance for Owners

"The volume is a result of a collaborative research project, and readers with keen interest in this subject will not be disappointed in the scholarship of this work or the scope of the subject matter... The volume's impressive international coverage is such that is will become an essential resource in the areas of global corporate governance and IPOS...The subject matter is covered in detail, the methods of presentation are clear and concise, and the editors provide ample research tools to guide the reader. A masterful resource." -T.M Marini, University of Michigan, CHOICE

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Product Details

ISBN-13:
9781139334402
Publisher:
Cambridge University Press
Publication date:
03/22/2012
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
7 MB

Meet the Author

Alessandro Zattoni is Professor of Management at Parthenope University of Naples. He is also Professor of Corporate Governance at Bocconi University and Director of the Strategic and Entrepreneurial Management Department of SDA Bocconi School of Management. He is one of two screening editors for Corporate Governance: An International Review, the premiere scholarly journal in corporate governance.
William Judge is Professor of Strategic Management and the E. V. Williams Chair of Strategic Leadership at Old Dominion University (ODU). He is Editor-in-Chief of Corporate Governance: An International Review, the premiere scholarly journal in corporate governance.

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