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基本説明
Examines five types of unorthodox ownership and governance form emerging in the industrial sector across major economies.
Full Description
Conventional wisdom recommends the superiority of private ownership of enterprises. The reality confronts it with a rich diversity in ownership and governance structures. This volume examines five types of unorthodox ownership and governance form emerging in the industrial sector across major economies. It analyzes two cases to demonstrate that there are alternative ways to harden budget constraints of state-owned enterprises. It investigates the driving forces behind these evolving dynamics and explores policy implications for developing and transition economies.
Contents
List of Tables List of Figures Preface Acknowledgements List of Abbreviations Notes on the Contributors Adaptive Efficiency and the Evolving Diversity of Enterprise Ownership and Governance Forms: An Overview; L.Sun Institutional Investors, Corporate Ownership and Corporate Governance: Global Perspectives; S.L.Gillan & L.T.Starks New Institutional Arrangements for Product Innovation in Silicon Valley; H.Takizawa Sharing Ownership via Employee Stock Ownership; J.C.Sesil, D.L.Kruse & J.R.Blasi Hardening a Soft Budget Constraint through 'Upward Devolution' to a Supranational Institution: The Case of the European Union and Italian State-Owned Firms; E.Bertero & L.Rondi Evolving and Functioning Mechanisms of Employee Stock Ownership in China's Township and Village Enterprises; L.Sun Network Externalities and Cooperative Networks: Stylized Facts and Theory; S.C.Smith Network Externalities and Cooperative Networks: A Comparative Case Study of Mondragón and La Lega with Implications for Developing and Transitional Countries; S.C.Smith Index