U.S. Corporate Governance
eBook - PDF
Available until 27 Jan |Learn more

U.S. Corporate Governance

  1. English
  2. PDF
  3. Available on iOS & Android
eBook - PDF
Available until 27 Jan |Learn more

U.S. Corporate Governance

About this book

Corporate 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.

Frequently asked questions

Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription.
At the moment all of our mobile-responsive ePub books are available to download via the app. Most of our PDFs are also available to download and we're working on making the final remaining ones downloadable now. Learn more here.
Perlego offers two plans: Essential and Complete
  • Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
  • Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Both plans are available with monthly, semester, or annual billing cycles.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Yes! You can use the Perlego app on both iOS or Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access U.S. Corporate Governance by Donald H. Chew,Stuart L. Gillan, Donald Chew, Stuart Gillan in PDF and/or ePUB format, as well as other popular books in Business & Business Ethics. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. Contents
  2. Introduction
  3. PART I Broad Perspectives on Corporate Governance
  4. 1. Value Maximization, Stakeholder Theory, and the Corporate Objective Function
  5. 2. The State of U.S. Corporate Governance: What's Right and What's Wrong?
  6. 3. U.S. Corporate Governance: Accomplishments and Failings
  7. PART II Internal Governance: Boards and Executive Compensation
  8. 4. The Director's New Clothes (or, The Myth of Corporate Accountabiilty )
  9. 5. Best Practices in Corporate Governance: What Two Decades of Research Reveals
  10. 6. Pay without Performance: Overview of the Issues
  11. 7. Is U.S. CEO Compensation Broken?
  12. PART III External Governance: Ownership Structure
  13. 8. Just Say No to Wall Stree: Putting a Stop to the Earnings Game
  14. 9. Identifying and Attracting the "Right" Investors: Evidence on the Behavior of Institutional Investors
  15. 10. U.S. Family-Run Companies - They May Be Better Than You Think
  16. 11. The Evolution of Shareholder Activism in the United States
  17. PART IV External Governance: The Market for Corporate Control
  18. 12. Corporate Control and the Politics of Finance
  19. 13. Where M&A Pays and Where It Strays: Survey of the Research
  20. 14. Private Equity, Corporate Governance, and the Reinvention of the Market for Corporate Control
  21. About the Contributors
  22. Index