The past decade has given rise to a growing debate over the relative efficiency of different national economic systems. There are two basic corporate finance and governance systems that predominate in todays developed economies. One is the Anglo-American market based model, with widely dispersed...

A small group of academics and practitioners discusses four major controversies in the theory and practice of corporate finance: Copyright Copyright (c) 2010 Morgan Stanley.

Both the rise of hostile takeovers and the phenomenal success of LBOs in the 1980s can be explained in part as capital market responses to the shortcomings of the top-down, EPS-based model of financial management that has long dominated corporate America. the EVA financial management system,...