Governance and Expropriation

Governance and Expropriation

This book includes articles that analyse the pros and cons of the finance and accounting issues resulting from this separation of ownership and control, and presents some related country-specific studies.

Author: Larry H. P. Lang

Publisher: Edward Elgar Pub

ISBN: UCSD:31822030931265

Category: Business & Economics

Page: 467

View: 311

Explores the nature of ownership structure in countries outside the US, and examines how controlling owners expropriate minority shareholders. This book includes articles that analyse the pros and cons of the finance and accounting issues resulting from this separation of ownership and control, and presents some related country-specific studies.
Categories: Business & Economics

The Legitimate Justification of Expropriation

The Legitimate Justification of Expropriation

The Legitimate Justification of Expropriation: A Comparative Law and Governance Analysis investigates the institutional, procedural, and substantive conditions under which different jurisdictions permit third-party transfers for economic ...

Author: Björn Hoops

Publisher:

ISBN: 148512090X

Category: Eminent domain

Page: 687

View: 603

Categories: Eminent domain

Corporate Governance and the Shareholder Base

Corporate Governance and the Shareholder Base

"This paper uses a sample of 4,410 firms from 29 countries to investigate the relation between corporate governance and the shareholder base.

Author: Karl V. Lins

Publisher:

ISBN: UCR:31210019509205

Category: Corporate governance

Page: 42

View: 214

"This paper uses a sample of 4,410 firms from 29 countries to investigate the relation between corporate governance and the shareholder base. In contrast to previous work, our results strongly support the notion that poor corporate governance, at both the firm and country level, negatively impacts the willingness of foreign investors to hold a firm's equity. Specifically, we find that firms whose managers have sufficiently high control rights that they may reasonably be expected to expropriate minority equity investors attract significantly less U.S. investment, especially in countries with poor external governance. Our findings suggest that the prices U.S. investors are asked to pay for firms with poor governance are not low enough to fully compensate them for expected expropriation or increased estimation risk associated with expected poor disclosure by these firms. Because prior research shows that a smaller shareholder base is associated with a lower firm value, our results are consistent with the notion that the shareholder base represents an important channel through which poor expected corporate governance contributes to a reduction in firm value"--Federal Reserve Board web site.
Categories: Corporate governance

The Expropriation of Environmental Governance

The Expropriation of Environmental Governance

This is significant not only in terms of the number of disputes that have arisen and the number of states that have been involved, but also in terms of the novel types of dispute that have emerged.

Author: Kyla Tienhaara

Publisher: Cambridge University Press

ISBN: 052111487X

Category: Law

Page: 340

View: 317

Recent years have seen an explosive increase in investor-state disputes resolved in international arbitration. This is significant not only in terms of the number of disputes that have arisen and the number of states that have been involved, but also in terms of the novel types of dispute that have emerged. Traditionally, investor-state disputes resulted from straightforward incidences of nationalisation or breach of contract. In contrast, modern disputes frequently revolve around government measures taken to further public policy goals, such as the protection of the environment. This book explores the outcomes of several investor-state disputes over environmental policy. In addition to examining the pleadings of parties and decisions of arbitral tribunals in disputes that have been resolved in arbitration, the influence that investment arbitration has had in negotiated outcomes to conflicts is also explored.
Categories: Law

Investor Protection and Corporate Governance

Investor Protection and Corporate Governance

This approach holds that the crucial failure of corporate governance is the expropriation of outside investors , be they shareholders or creditors ...

Author: Alberto Chong

Publisher: Stanford University Press

ISBN: 0804700079

Category: Business & Economics

Page: 557

View: 795

Análise comparativa sobre corporação, admistração financeira, investimento na América Latina, em especial nos seguintes países: Argentina, Brasil, Chile, Colômbia, México, Venezuela.
Categories: Business & Economics

Corporate Governance

Corporate Governance

This book describes the concept of corporate governance, its emergence and the contemporary thinking around it.

Author: Praveen B. Malla

Publisher: Routledge

ISBN: 9781317810117

Category: Business & Economics

Page: 268

View: 987

With the increasing awareness that mere economic and production-based explanations do not adequately describe the motivations for governance, researchers have focused on the behavioral side of the firm performance to justify the economic rationale of their typical behaviours. This book describes the concept of corporate governance, its emergence and the contemporary thinking around it. With emphasis on "conflicts of interests" assumed to be related to the theory of separation of ownership and control, the book delves into topics such as insider trading, excessive executive compensation, managerial, expropriation of shareholders’ wealth, false reporting, accounting non-disclosures and self dealing.
Categories: Business & Economics

The Role of Climate Change in Global Economic Governance

The Role of Climate Change in Global Economic Governance

In this case, the trade ban was temporary and there was no expropriation.95 International law establishes that the following types of government actions may ...

Author: Bradly J. Condon

Publisher: OUP Oxford

ISBN: 9780191668142

Category: Law

Page: 288

View: 996

Climate change presents an unprecedented global challenge, and impacts upon a wide range of human economic activity. The issue of how to address climate change in developing countries has provoked international political controversy and the urgent need for effective international responses has become increasingly apparent. The Role of Climate Change in Global Economic Governance addresses the growing number of legal and economic issues that arise with respect to climate change, combining analysis from economic, financial, and legal perspectives. The book assesses how the World Trade Organization, international investment law, and the international intellectual property rights regime approach the economic issues raised by climate change. The authors analyse how climate change regulation interacts with international economic law, and consider how financial instruments and insurance can mitigate the risks posed by climate change and facilitate adaptation. It breaks new ground in considering the financial sector's response to climate change, looking at how market mechanisms and risk insurance can reduce its economic cost.
Categories: Law

International Governance and the Rule of Law in China under the Belt and Road Initiative

International Governance and the Rule of Law in China under the Belt and Road Initiative

land from privately owned coal mines and residents.32 However, the utility of the expropriation clauses in China's 129 BITs and a dozen FTAs remains ...

Author: Yun Zhao

Publisher: Cambridge University Press

ISBN: 9781108349727

Category: Law

Page:

View: 495

The edited volume aims at examining China's role in the field of international governance and the rule of law under the Belt and Road Initiative from a holistic manner. It seeks alternative analytical frameworks that not only take into account legal ideologies and legal ideals, but also local demand, socio-political circumstances, to explain and understand China's legal interactions with countries along the Road, so that more useful insights can be produced in predicting and analysing China's as well as other emerging Asian countries' legal future. Authors from Germany, Korea, Singapore, Mainland China, Taiwan and Hong Kong have contributed to this edited volume, which produces academic dialogues and conducts intellectual exchanges in specific sub-themes.
Categories: Law

The Governance of Land Use in France Case studies of Clermont Ferrand and Nantes Saint Nazaire

The Governance of Land Use in France Case studies of Clermont Ferrand and Nantes Saint Nazaire

Expropriation Expropriation of private property for public uses requires a lengthy process In France, land can be expropriated by all levels of government ...

Author: OECD

Publisher: OECD Publishing

ISBN: 9789264268791

Category:

Page: 172

View: 880

This report examines how land is governed in France. It describes the laws, policies and practices that shape spatial and land-use planning in the country as a whole, and provides a detailed assessment of Clermont-Ferrand and Nantes Saint-Nazaire.
Categories:

Emerging Global Trade Governance

Emerging Global Trade Governance

market value of the expropriated investment immediately before the expropriation took place, (iii) do not reflect any change in value occurring because the ...

Author: Lurong Chen

Publisher: Routledge

ISBN: 9781351051286

Category: Business & Economics

Page: 282

View: 809

Mega free trade agreements (FTAs) are being formed to fill the gap created by new developments in global governance and are reshaping the world economic order. The Trans-Pacific Partnership (TPP) agreement is one of such 21st century FTAs. This book highlights three trade-related issues covered by the TPP that greatly concern emerging countries – investment, intellectual property rights (IPR), and state-owned enterprises (SOEs). It contains rigorous economic, legal, and political analyses on the final text of the agreement, combined with country-specific policy discussions focusing on Indonesia, the Philippines, Thailand, and Viet Nam, giving readers insights on the establishment of global rules and regulations for 21st century trade. The book also outlines the requirements for emerging Asian countries to better formulate trade policies in the new era of international trade and promote regional integration in ASEAN and East Asia.
Categories: Business & Economics

Global Corporate Governance

Global Corporate Governance

gains from expropriation by state rulers to the extent that equity claims are ... of as effective corporate governance can actually prove counterproductive ...

Author: Donald H. Chew

Publisher: Columbia University Press

ISBN: 9780231519977

Category: Business & Economics

Page: 392

View: 429

Effective corporate governance, or the set of controls and incentives that drive top management, originates both outside and inside the firm and assures investors who hope to commit their capital. Essential when buying stocks in one's own country, effective corporate governance is even more important abroad, where information can be less reliable and investor influence (or protection) more limited. In this collection of articles from the Journal of Applied Corporate Finance, more than thirty leading scholars and practitioners discuss the possibilities and limitations of global corporate finance and governance systems, whether in Europe and North America or in the emerging markets of Israel, India, Korea, and South Africa. Essays discuss the political roots of American corporate finance; the structural and financial variations between international corporations; control premiums and the effectiveness of corporate governance systems; debt, folklore, and cross-country differences in financial structures; the driving forces behind the East Asian Financial Crisis of 1997; corporate ownership and control in India, Germany, France, and the United Kingdom; financial and economic lessons of Italy's privatization program; changes in Korean corporate governance; sovereign wealth funds; and the new organization of Canadian business trusts. A special roundtable discussion addresses shareholder activism in the U.K.
Categories: Business & Economics

Innovations in Land Rights Recognition Administration and Governance

Innovations in Land Rights Recognition  Administration  and Governance

The Expropriations Law Before the passing of the OLL in September 2005, ... Following on from this, the government approved an Expropriations Law25 in 2007 ...

Author: Klaus W. Deininger

Publisher: World Bank Publications

ISBN: 9780821385807

Category: Business & Economics

Page: 351

View: 435

Innovations in Land Rights Recognition, Administration, and Governance is part of the World Bank Studies series. These papers are published to communicate the results of the Bank's ongoing research and to stimulate public discussion. The importance of good land governance to strengthen women's land rights, facilitate landrelated investment, transfer land to better uses, use it as collateral, and allow effective decentralization through collection of property taxes has long been recognized. The breadth and depth of papers included in this volume, all of which were presented at the World Bank's Annual Conference on Land Policy and Administration, illustrate the importance of good land governance and the benefits of collaboration among partners to act in a coordinated fashion to address the challenges posed by recent global developments. This volume hopes to increase awareness of and support to the successful implementation of innovative approaches that can help to not only improve land governance, but also contribute to the well-being of the poorest and the achievement of the Millennium Development Goals. World Bank Studies are available individually or on standing order. The World Bank Studies series is also available online through the World Bank e-library (www.worldbank.org/elibrary).
Categories: Business & Economics

Human Rights and Good Governance

Human Rights and Good Governance

Land expropriation. Urbanization is an inevitable phase in China's drive for modernization. Rapid urbanization is even viewed as one of the biggest ...

Author: Wei Zhang

Publisher: Martinus Nijhoff Publishers

ISBN: 9789004308770

Category: Political Science

Page: 362

View: 118

The first volume of Chinese Perspectives on Human Rights and Good Governance collects research articles regarding human rights, good governance, rule of law and Constitutionalism in China.
Categories: Political Science

Routledge Handbook of Contemporary Issues in Expropriation

Routledge Handbook of Contemporary Issues in Expropriation

... Encroaching on Land and Livelihoods: How National Expropriation Laws ... Urban LandMark (2013), Land Governance in South Africa: Implementing the Land ...

Author: Frances Plimmer

Publisher: Routledge

ISBN: 9781317608264

Category: Business & Economics

Page: 480

View: 295

The Routledge Handbook of Contemporary Issues in Expropriation reviews the contemporary major issues involving expropriation (eminent domain/compulsory purchase) in an international context. Expropriation is a right reserved to all governments, and, thus, it has an impact on all societies. This book, the first of its kind, considers the essential issues from the point of view of both developing and developed countries, and their needs for major infrastructure projects. The content covers major issues, principles and policies and includes the experiences of and examples from different countries and regions, including Australia, Asia, China, Europe, India and the USA. Rather than providing an in-depth examination of individual countries’ legal systems, the book focuses on international issues, and also provides a reflection on how national experiences can be related to global needs. Key themes include: Nature and quantum of compensation • Land rights and the acquisition of traditional land rights • Issues surrounding ‘public interest’ •Alternatives to expropriation •The future: “good practice”, debate and reform. This handbook is an essential resource for students and researchers in the areas of land policy, land law, property law and rights, and international development.
Categories: Business & Economics

Secrets in Global Governance

Secrets in Global Governance

Composition of cases at ICSID Before Reform After Reform Direct expropriation cases 13.0% 0.5% Median firm size in cases $2.4 billion $4.5 billion firms, ...

Author: Allison Carnegie

Publisher: Cambridge University Press

ISBN: 9781108809696

Category: Political Science

Page:

View: 698

Scholars have long argued that transparency makes international rule violations more visible and improves outcomes. Secrets in Global Governance revises this claim to show how equipping international organizations (IOs) with secrecy can be a critical tool for eliciting sensitive information and increasing cooperation. States are often deterred from disclosing information about violations of international rules by concerns of revealing commercially sensitive economic information or the sources and methods used to collect intelligence. IOs equipped with effective confidentiality systems can analyze and act on sensitive information while preventing its wide release. Carnegie and Carson use statistical analyses of new data, elite interviews, and archival research to test this argument in domains across international relations, including nuclear proliferation, international trade, justice for war crimes, and foreign direct investment. Secrets in Global Governance brings a groundbreaking new perspective to the literature of international relations.
Categories: Political Science