Corporate Governance: A Synthesis of Theory, Research, and Practice / Edition 1

Hardcover (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $48.85
Usually ships in 1-2 business days
(Save 48%)
Other sellers (Hardcover)
  • All (8) from $48.85   
  • New (5) from $51.47   
  • Used (3) from $48.85   


A detailed look at the importance of corporate governance in today's business world

The importance of corporate governance became dramatically clear at the beginning of the twenty-first century as a series of corporate meltdowns from managerial fraud, misconduct, and negligence caused a massive loss of shareholder wealth.

As part of the Robert W. Kolb Series in Finance, this book provides a comprehensive view of the shareholder-manager relationship and examines the current state of governance mechanisms in mitigating the principal-agent conflict. This book also offers informed suggestions and predictions about the future direction of corporate governance.

  • Relies on recent research findings to provide guidance through the maze of theories and concepts
  • Uses a structured approach to put corporate governance in perspective
  • Addresses essential issues related to corporate governance including the idea of principal-agent conflict, role of the board of directors, executive compensation, corporate monitoring, proxy contests and corporate takeovers, and regulatory intervention

Corporate governance is an essential part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

Read More Show Less

Product Details

  • ISBN-13: 9780470499139
  • Publisher: Wiley
  • Publication date: 10/5/2010
  • Series: Robert W. Kolb Series , #8
  • Edition number: 1
  • Pages: 676
  • Product dimensions: 7.10 (w) x 10.10 (h) x 2.20 (d)

Meet the Author

H. KENT BAKER, PHD, CFA, CMA, is University Professor of Finance and Kogod Research Professor at the Kogod School of Business, American University. He has published extensively in leading academic and professional finance journals including the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, Journal of Portfolio Management, and Harvard Business Review. Professor Baker is recognized as one of the most prolific authors in finance during the past fifty years. He has consulting and training experience with more than 100 organizations and has been listed in fifteen biographies.

RONALD ANDERSON, PHD, is a Professor of Finance and the Gary Cohn Endowed Research Professor at the Kogod School of Business, American University. He currently serves as the Chair of the Department of Finance and Real Estate. Before earning his PhD, he worked as an engineer and corporate executive for Schlumberger Limited for more than eleven years, holding both domestic and international posts. Professor Anderson has published extensively on the subject of corporate governance in leading journals in finance, management, accounting, and economics.

Read More Show Less

Table of Contents


PART ONE Background and Perspectives on Corporate Governance.

History, Systems, Best Practices, and Empirical Evidence.

1 An Overview of Corporate Governance (H. Kent Baker and Ronald Anderson).

2 The Financial Determinants of American Corporate Governance: A Brief History (Lawrence E. Mitchell and Dalia T. Mitchell).

3 Corporate Governance Systems (Christian Andres, Andre Betzer, Marc Goergen, and Daniel Metzger).

4 Corporate Governance Best Practices (Alex Todd).

5 What's Wrong with Corporate Governance Best Practices? (Christopher Søren Shann Turnbull).

6 The Effect of Corporate Governance on Performance (Sanjai Bhagat, Brian Bolton, and Roberta Romano).

7 International Corporate Governance Research (Diane K. Denis).

Separation of Ownership and Control.

8 Agency Theory: Incomplete Contracting and Ownership Structure (Iain Clacher, David Hillier, and Patrick McColgan).

9 Theories and Models of Corporate Governance (Thomas W. Joo).

10 Unfettered Agents? The Role of Ethics in Corporate Governance (Donald Nordberg).

PART TWO Internal Governance.

Boards of Directors.

11 Board Composition and Organization Issues (Matteo Tonello).

12 Board Diversity (Daniel Ferreira).

13 Board Subcommittees for Corporate Governance (Zabihollah Rezaee).

Compensation, Ownership, and Turnover.

14 Executive Compensation: Incentives and Externalities (Philipp Geiler and Luc Renneboog).

15 Compensation Consultants and Executive Pay (Martin J. Conyon).

16 Corporate Governance and Ownership Structure (John J. McConnell, Stephen B. McKeon, and Wei Xu).

17 The Effects of Management Turnover on Firm Performance (Mark R. Huson and Robert Parrino).

PART THREE External Governance.

Nonexecutive Shareholders.

18 CorporateMonitoring by Blockholders (Isabelle Dherment-Ferere and Luc Renneboog).

19 The Governance of Family Firms (Morten Bennedsen, Francisco Pèrez-Gonzàlez, and Daniel Wolfenzon).

20 Institutional and Other Shareholders (Chris Mallin).

21 The Politics of Shareholder Activism (Donald Nordberg).

Nonequity Stakeholders.

22 Executive Behavior: A Creditor Perspective on Managerial Ownership (Ronald Anderson, Sattar Mansi, and David Reeb).

23 Governance of Banking Institutions (Renee Birgit Adams).

24 Corporate Governance: Nonequity Stakeholders (Marc Goergen, Chris Brewster, and Geoffrey Wood).

Proxy Contests and Markets.

25 Proxy Contests (Peter G. Szilagyi).

26 Corporate Takeovers and Restructurings (Mike Stegemoller).

27 Corporate Takeovers andWealth Creation (Marina Martynova and Luc Renneboog).

Accounting, Legal, and Regulatory Intervention.

28 Corporate Governance and Accountability (Renee M. Jones).

29 Corporate Governance Rules and Guidelines (Zabihollah Rezaee).

30 Economics Aspects of Corporate Governance and Regulation (Valentina Bruno and Stijn Claessens).

PART FOUR Answers to Chapter Discussion Questions.


Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)