(DOWNLOAD) "Corporate Governance and M&A in the Banking Industry/ Le Gouvernement de Corporation Et Le M&A Dans L'industrie de la Banque (Report)" by Canadian Social Science " Book PDF Kindle ePub Free
eBook details
- Title: Corporate Governance and M&A in the Banking Industry/ Le Gouvernement de Corporation Et Le M&A Dans L'industrie de la Banque (Report)
- Author : Canadian Social Science
- Release Date : January 01, 2007
- Genre: Social Science,Books,Nonfiction,
- Pages : * pages
- Size : 222 KB
Description
1. INTRODUCTION Financial economists have long recognized that the widespread separation of ownership and control in large corporations creates the potential for costly agency conflicts. Dispersed shareholders' limited incentive to monitor the behavior and performance of the agents hired to run their firm can give managers substantial freedom to pursue their own interests at the expense of shareholder wealth. Absent mechanisms to control managerial behavior, usually called "corporate governance structures", wealth maximization will not exclusively motivate corporate decision-making. The banking industry's ongoing consolidation offers an excellent experimental setting for examining board effectiveness.