Corporate Governance and Financial Performance: A Study of German and UK Initial Public Offerings - Hardcover

Goergen, Marc

Hardcover

ISBN 10: 1858989787 ISBN 13: 9781858989785

Publisher: Edward Elgar Publishing Ltd, 1998

Synopsis

This important book presents a new original study of the German and UK financial markets. It addresses the relationship between corporate governance, ownership and financial performance in German and UK firms floated during the 1980s.

Marc Goergen uses detailed company micro-data to examine the ownership and performance of each firm from the time of its flotation to six years later. He finds that the evolution of ownership depends on certain corporate characteristics and that differences in financial performance cannot be explained simply by differences in the concentration of ownership. The book sheds new light on the important issue of whether corporate ownership influences or is influenced by financial performance.

The main findings of the book have important implications for public policy and the current public debate on corporate governance and the globalisation of financial markets. They are important for established financial markets and the transitional economies of Eastern and Central Europe as well as for international scholars interested in issues of corporate governance and the performance of firms.

About this title

About the Author

Marc Goergen, Department of Finance, IE Business School-IE University, Spain

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 1998
• Language: English
• ISBN 10: 1858989787
• ISBN 13: 9781858989785
• Binding: Hardcover
• Number of pages: 208