[...]We begin with an overview of the topic of corporategovernance and proceed to a discussion of the particularcorporate governance problems of banks. We embrace the viewthat a corporation is best defined as a complex web or “nexus”of contractual relationships among the various claimants to...

Enron and other corporate financial scandals focused attention on the accounting industry in general and on Arthur Andersen in particular. Part of the policy response to Enron, the criminal prosecution of Andersen, eliminated one of the few major audit firms capable of auditing many large,...

Countries appear to differ considerably in the basic orientations oftheir corporate governance structures. We postulatethe trade-off between objectivity and proximity as fundamental tothe corporate governance debate. We stress thevalue of objectivity that comes with distance (e.g. the...

The study argues that commercial banks pose unique corporate governance problems for managers and regulators as well as for claimants on the banks' cash flows, such as investors and depositors. The authors support the general principle that fiduciary duties should be owed exclusively to...

The bookpresents different perspectives that explain the prohibition of insider trading and the way it affects various aspects of life on the stock market.

The bookpresents different perspectives that explain the prohibition of insider trading and the way it affects various aspects of life on the stock market.

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...

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...

Countries appear to differ considerably in the basic orientations oftheir corporate governance structures. We postulatethe trade-off between "objectivity" and "proximity" as fundamental tothe corporate governance debate. We stress thevalue of objectivity that comes with distance (e.g. the...

In the wake of the events of September 2008, money market mutual funds have made significant changes to the way they invest. Those changes have been driven by business and investment needs as well as by substantial revisions to the regulatory framework in which funds operate. Yet, some...