Globalization and corporate governance: How capital mobility spurs the adoption of shareholder rights laws, financial disclosure laws, insider trading laws, and laws that curtail employment protection
نام عام مواد
[Thesis]
نام ساير پديدآوران
;supervisor Shafer, D. Michael
وضعیت نشر و پخش و غیره
نام ناشر، پخش کننده و غيره
Rutgers The State University of New Jersey - New Brunswick: United States -- New Jersey
تاریخ نشرو بخش و غیره
: 2007
مشخصات ظاهری
نام خاص و کميت اثر
187 pages
یادداشتهای مربوط به پایان نامه ها
جزئيات پايان نامه و نوع درجه آن
Ph.D.
کسي که مدرک را اعطا کرده
, Rutgers The State University of New Jersey - New Brunswick: United States -- New Jersey
یادداشتهای مربوط به خلاصه یا چکیده
متن يادداشت
This dissertation contends that capital mobility causes states to adopt laws to protect shareholder rights, improve financial disclosure, prohibit insider trading, and curtail employment protection. Capital mobility exerts this effect by empowering the most mobile segment of the capital class (a group known as the non-controlling owners of firms) that benefits from the adoption of these laws. Needing to attract capital to fuel economic growth, governments, in turn, modify their laws to regulate corporate governance in a manner that reflects the preferences of the non-controlling owners.To test whether capital mobility has the hypothesized effects on whether states adopt each of these laws, I conduct the appropriate statistical tests to determine whether capital mobility is positively correlated with the adoption of laws that enhance shareholder rights, expand financial disclosure requirements, prohibit insider trading, and reduce employment protection. I also present two case studies, of Italy's adoption of a shareholder rights law in 1998 and Germany's adoption of a law to prohibit insider trading in 1994, that illustrate and substantiate the validity of the causal mechanisms that underlie my theory. The results of all empirical tests are largely consistent with my theoretical expectations.
موضوع (اسم عام یاعبارت اسمی عام)
موضوع مستند نشده
Law
موضوع مستند نشده
Management
موضوع مستند نشده
Political science
موضوع مستند نشده
Globalization
موضوع مستند نشده
Corporate governance
موضوع مستند نشده
Shareholders rights
موضوع مستند نشده
Disclosure
موضوع مستند نشده
Insider trading
موضوع مستند نشده
Employment
موضوع مستند نشده
Capital movement
موضوع مستند نشده
Legislation
موضوع مستند نشده
Studies
اصطلاحهای موضوعی کنترل نشده
اصطلاح موضوعی
Globalization
اصطلاح موضوعی
Corporate governance
اصطلاح موضوعی
Capital mobility
اصطلاح موضوعی
Shareholder rights
اصطلاح موضوعی
Financial disclosure
اصطلاح موضوعی
Insider trading
اصطلاح موضوعی
Employment protection
نام شخص به منزله سر شناسه - (مسئولیت معنوی درجه اول )