| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2301 |
| DP2301 In Which Industries Is Collusion More Likely? | |
| George Symeonidis | |
| 发表日期 | 1999-11-30 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | Countries appear to differ considerably in the basic orientations of their corporate governance structures. We postulate the trade-off between objectivity and proximity as fundamental to the corporate governance debate. We stress the value of objectivity that comes with distance (e.g. the market oriented U.S. system), and the value of better information that comes with proximity (e.g. the more intrusive Continental European model). A superior corporate governance arrangement must balance the benefits of proximity and objectivity. In this context, we also discuss the ways in which investors have "contracted around" the flaws in their own corporate governance systems, pointing at the adaptability of different arrangements. |
| 主题 | Financial Economics |
| 关键词 | Comparative financial systems Corporate governance |
| URL | https://cepr.org/publications/dp2301 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531392 |
| 推荐引用方式 GB/T 7714 | George Symeonidis. DP2301 In Which Industries Is Collusion More Likely?. 1999. |
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