Handbook on International Corporate Governance PDF Download

Author: Chris A. Mallin
Publisher: Edward Elgar Publishing
ISBN: 1847201741
Category : Business & Economics
Languages : en
Pages : 273

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Book Description
This major Handbook provides a comprehensive analysis of the development of corporate governance across a range of countries including Australia, Germany, India, Italy, Japan, Poland, Russia, South Africa, Spain, Turkey and the UK. Whilst the stage in the corporate governance life cycle may vary from country to country, there are certain core features which emerge such as the importance of transparency, disclosure, accountability of directors and protection of minority shareholders rights. With contributions by leading academics and practitioners in the field of corporate governance, the Handbook on International Corporate Governance provides an eloquent insight into the evolution of corporate governance in countries with diverse cultural, economic and legal systems.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264028641
Category :
Languages : en
Pages : 135

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Book Description
This report evaluates the extent to which the OECD Principles of Corporate Governance have been implemented in Turkey, looking at both the legal and regulatory framework as well as company practices.

Author: Sabri Boubaker
Publisher: World Scientific
ISBN: 9814520381
Category : Business & Economics
Languages : en
Pages : 613

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Book Description
While emerging market economies do not have a mature market structure yet, there is a need for research on corporate governance practices in these economies from different perspectives, including corporate social responsibility. Corporate Governance and Corporate Social Responsibility: Emerging Markets Focus fills the gap with a collection of high-quality research and policy-based papers addressing these issues, using various market cases as illustrations. Unlike previous books that often focused on one or several emerging markets, this book covers a much broader set of countries and tackles ethical, legal and societal aspects of corporate governance, beyond financial issues. It also discusses how companies work towards best corporate governance practices, particularly, in the aftermath of recent financial and economic crises. Readers will benefit from the wide range of theoretical, empirical, and case analyses, selected with care to reflect cutting-edge corporate governance and corporate social responsibility issues in countries with emerging markets. Contents: Corporate Governance: Legal Framework and Codes of Best Practices: Corporate Governance Bundles for Emerging Markets (Rahul Bedi and Darshan Desai); OC GoodOCO Corporate Governance in Transformation Countries OCo A Comparison of Experts' Perceptions in East Germany, Estonia and Hungary (Thomas Steger, Ruth Alas and Klliki Tafel-Viia); Corporate Governance, Policies and Public Listing: The Case of Chinese State-owned Enterprises (Zigan Wang); Corporate Governance in Turkey: The Case of Borsa Istanbul 50 Companies (Esra Nemli Caliskan and Basak Turan Icke); Barriers to Effective Corporate Governance Reforms: Corruption and the Peculiar Case of Nigeria (Ngozi Okoye); The Brazilian Fiscal Council OCo Protecting Minority Shareholders in a Weak Legal System (Jairo Laser Procianoy and Roberto Frota Decourt); Using Market Incentives to Move Beyond Law and Regulation in Emerging Markets OCo The Case for Corporate Governance Stock Exchange Indices (Andreas Grimminger); Corporate Governance: Some Country Experiences: The Audit Committee in the EU Emerging Countries (Daniela M Salvioni, Francesca Gennari, Luisa Bosetti and Alex Almici); Great Expectations from Pension Fund Activism: Insight from Poland (Agnieszka Seomka-GoeObiowska); Ownership Structure and Directors' Compensation Disclosure in Malaysia (Elinda Binti Esa and Abdul Rahman Zahari); Corporate Governance, Performance and Liquidity Risk of West African Economic and Monetary Union (WAEMU) Banks (Alassane Ouattara, Luc Paugam and Olivier Ramond); Board Composition and Company Performance: A Study of Sub-Saharan African Countries (Gibson Munisi); Emerging Markets Banks Ownership and Performance: Evidence from China (Xiaoxi Zhang and Kevin Daly); Corporate Governance in Romania: Theories and Practices (Gheorghe N Popescu, Veronica Adriana Popescu and Cristina Raluca Popescu); Corporate Social Responsibility: Corporate Governance and Corporate Social Responsibility in Financial Institutions: Evidence from Islamic Banks (Hisham Farag); Is Corporate Governance Related to Corporate Social Responsibility? The Case of South Africa (Idoya Ferrero-Ferrero, Mar a ungeles Fernindez-Izquierdo, Mar a Jess Muoz-Torres, Juana Mar a Rivera-Lirio, Ral Len-Soriano and Elena Escrig-Olmedo); Achieving Corporate Governance and Corporate Social Responsibility in an Emerging Market through Gender Diversity on Boards in India (Sharon Ayson); Executive Compensation in Emerging Markets: Theoretical Developments and Empirical Evidence (Yongli Luo); Placing Stakeholder Theory within the Debate on Corporate Social Responsibility (Tarek Miloud); Corporate Governance and Corporate Social Responsibility Reporting: Empirical Evidence from Bangladesh (Pallab Kumar Biswas). Readership: Policymakers, professionals, academics, and graduate students in law, economics, management and finance, organizations promoting best governance practices in emerging countries, investors, as well as those interested in corporate governance, corporate finance, and business and management. Key Features: Addresses current issues and cutting-edge trends in corporate governance and corporate social responsibility within economies with emerging markets; Sheds light on how companies adopt and move towards best corporate governance practices, especially in the aftermath of recent crises; Illustrates corporate governance theories with real business cases and assesses the effects of various governance practices on corporate behavior"

Author: Asaf Savas Akat
Publisher: World Scientific
ISBN: 9811214905
Category : Business & Economics
Languages : en
Pages : 370

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Book Description
Turkish Economy at the Crossroads: Facing the Challenges Ahead is an exciting new volume of articles from prominent experts, edited by two distinguished economists. Despite its international stature and its diversified open-market economy, the global literature on Turkey is dispersed and sparse. The book aims to remedy this shortcoming by providing readers interested in Turkey with a balanced and up-to-date overview of the economy.Topics discussed include trends in long-term political economy, post-2001 macroeconomic policies, tradable and non-tradable sectors and their impact on income distribution, capital flows and financial imbalances, success and problems of structural transformation at the micro level, characteristics of the labor markets with special emphasis on female employment, Turkey's long lasting but difficult relations with the European Union and possible scenarios for the near future. This unified approach permits to highlight and tackle effectively the challenges and risks Turkey faces in the final and critical stage of transition to a modern developed society.

Author: Mr.Xavier Debrun
Publisher: International Monetary Fund
ISBN: 1589063864
Category : Business & Economics
Languages : en
Pages : 85

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Book Description
The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector reform, and labor markets. The analysis assesses the effectiveness of macroeconomic stabilization and structural reforms since the crisis and provides guideposts for future policy.

Author: Sibel Yamak
Publisher: Business Expert Press
ISBN: 1606498835
Category : Business & Economics
Languages : en
Pages : 137

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Book Description
A Premier on Corporate Governance: Turkey takes an in-depth and comprehensive assessment of corporate governance in Turkey at a cross section in time when the country is going through major multidimensional transformations. Structural characteristics of its economy and the historical antecedents of corporate governance are provided to the readers as a background in the first part of the book. External and internal mechanisms of corporate governance are built on this background. Legal system of the country, its company laws, regulatory authorities and the state of the market for corporate control as well as the socio-cultural norms, ways of doing business, and the Turkish code of good governance are examined as the external mechanisms shaping the corporate governance practices of companies in the context. Internal control mechanisms analyzed in this book include the characteristics of the board of directors, ownership structure, and management teams of Turkish companies. In conclusion, the authors discuss current and future corporate governance challenges in the Turkish business context.

Author:
Publisher: SET Vakfı İktisadi İşletmesi
ISBN:
Category : Political Science
Languages : en
Pages : 296

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Book Description
Since the disintegration of the Ottoman State, the Balkan region is one of the most penetrated, divided, and unstable regions in the world. Therefore, the term Balkanization, which has a strong negative connotation, began to refer to the division of a larger region into many small and hostile political entities and the instability of the region as a result of many ethnic and religious movements and conflicts. Ironically, in today’s unstable world, the Balkans is relatively stable and peaceful, especially compared with the chaotic Middle East. However, the current peaceful atmosphere is quite vulnerable and fragile; it seems that historical hatred and enmity may restart anytime. Unfortunately, today there are many uncertainties in the Balkans and hence the region is at a new crossroads, not only at the domestic level, but also at the international level. At the domestic level, the Balkan countries are in a longtime transitory period and so far, the regional countries could not complete this process. On the one hand, most of the countries in the region have not finished their state transformation and institutionalization processes as yet. They need to accelerate their respective reformist policies and complete their respective transition periods. In particular, legal changes are required to consolidate their state institutions. The most dramatic example is the complex political and administrative structure in Bosnia and Herzegovina, which has never functioned well since its establishment by the Dayton Agreement. Due to the veto power of the three main ethnic groups, namely Bosnians, Serbs, and Croats, in the legislative and administrative institutions at different levels of government, it is almost impossible to make necessary decisions to govern the country. In order to get rid of the administrative deadlock, they must take confidence building measures and establish a functional state system. On the other hand, the Balkan countries have many economic problems such as poverty, unemployment, underdevelopment, and emigration. There are too many structural economic problems, but they have too few resources to mobilize. Because of the high unemployment rate, most of the qualified population of the Balkan countries migrates to the developed European countries such as Italy, Germany, and Switzerland. As a result of many detrimental developments in social and political life including ethnic tensions, population problems, and unemployed youth, the future of the Balkan states is still ambiguous. At the regional level, the Balkan countries have been experiencing many problems emanating from the dismemberment of the region during the modern period. The Balkans was politically divided twice: the first time (the collapse of the Ottoman State) was in the late-19th and early-20th centuries, and the second (the collapse of Yugoslavia) was in the late 20th century. After the disintegration of Yugoslavia, national and ethnic enmities were renewed and quickly resulted in severe violent clashes, mass killings, including the genocide in Bosnia and Herzegovina. A number of regional issues have remained unsolved and the initiated solution processes were stopped. One of the main regional crises is the normalization of relations between Serbia and Kosovo. The EU stipulates the normalization with Kosovo as a precondition of Serbia’s accession to the Union. Unless it recognizes the state of Kosovo, it is impossible for Serbia to become a full member of the EU. However, for the moment, there is no concrete improvement in the Belgrade-Pristina dialogue process. In spite of the continuance of negative relations among some regional actors, there are some positive developments as well. The solution of the Macedonian name dispute in 2018 was a historical moment for the region, because it demonstrated that the regional states have an intention to solve political problems and provide alternative solutions. At the global level, the Balkan region continues to attract many global powers such as the U.S., the EU, China, and Russia. Each global power has its own strategy and perception of the region. The most involved global actor is the EU, who wants to integrate the region with itself and thus bring stability and peace to this contiguous region. Therefore, after the regional stability was secured with the support of the global powers, most Balkan countries began to develop cooperative relations with the EU and its leading member states, because the first priority and strategic preference of most Balkan countries is the integration with the EU. Their expectations from the EU membership are economic prosperity and the prevention of future regional clashes. On the other hand, the U.S. has been trying to integrate the Balkan countries with NATO, thus decreasing the influence of other global powers. Besides Greece which became a member in 1952, six Balkan countries, namely Bulgaria, Romania, Albania, Croatia, Slovenia, and Montenegro, have also more recently become NATO members. Some other countries such as North Macedonia and Bosnia and Herzegovina are in the accession process. NATO membership, together with the EU membership, is the most important positive agenda of the Balkan countries. Russia has had an imaginary vision and historical patronage over the Balkans since the second half of the 19th century. Religious, ethnic, and linguistic affinity was the main motivation for Russia to improve its relations with the region, which was an alternative route for reaching the warm seas. However, nowadays Russia faces challenges from the Western countries, who have taken the lead in the region. The integration process with both the EU and NATO limited the Russian influence in the Balkans. Furthermore, Russia has insufficient resources to solve the domestic political and economic problems of the regional countries. Another global power that has begun to show up in the region is China. The Chinese presence in the Balkans is mainly in the economic sphere, especially its investments in infrastructure and energy sectors. Compared with the other three global actors, the Chinese role in the region is quite limited. The Balkans is almost at the heart of the European continent; therefore, it is very difficult for China to influence regional politics as much as the Western countries. However, since the Balkans is a penetrated region, the impact of global rivalry is very noticeable in the region. The conflictual policies of global powers may activate the dormant regional fault lines and trigger the renewal of ethnic and religious conflicts. This new issue of Insight Turkey brings to the readers various manuscripts which touch upon domestic and regional issues and the impact of the external actors, i.e. EU, NATO, Russia, China, and Turkey, in the Balkans. As mentioned above, the normalization of the relations between Kosovo and Serbia are crucial for the region as it may prove to be a regional destabilizer in the future. This issue gained more attention after the discussions on a possible territorial exchange between the two states. Aleksander Zdravkovski and Sabrina P. Ramet discuss this topic through historical and political lenses and contend that this process can have serious repercussions, both in the Western Balkans and internationally. The name dispute between North Macedonia and Greece is another important topic that impacts the whole Balkans region. In their commentaries, Cvete Koneska and Zhidas Daskalovski bring different perspectives on this issue, yet both of them raise questions regarding the success of the agreement. Albania is one of the most important states in the region and in recent years has been suffering from political turmoil and economic downturn which can very easily be translated into regional instability. Isa Blumi in his article analyses the role of the U.S., NATO, and the EU in the Albanian slide and cautions that the current situation may turn violent. Croatia, another important state in the Balkans considering its experience with the EU, is at the center of Senada Šelo Šabić and Emir Suljagić’s articles. Croatia joined the EU in 2013 and this was considered an important step for all the Western Balkans because Croatia would serve as an example for their accession. However, Senada Šelo Šabić contends that Croatia’s experience of the EU accession and membership is only partially relevant for the Western Balkans’ EU enlargement, mainly due to its domestic issues. Emir Suljagić, on the other hand, focuses on the Croatian interference in Bosnia and Hercegovina and brings to the readers a new viewpoint in terms of the “otherization” of Bosnia’s Muslim population. In order to explain this, Suljagić uses the notion of antemurale Christianitatis, which has been visible in Croatian politics since the 15th century. The external interventions have never been missing in the Balkans. Especially since the dissolution of Yugoslavia, transatlantic relations have become crucial for the region. In this context, Oya Dursun-Özkanca’s article argues that NATO accession acts as a prelude to the eventual EU accession, ensuring that the countries stay the course of engaging in reforms and contributing to Euro-Atlantic security while confirming their commitment to democracy. Yet, in recent years, other actors –Russia, China, and Turkey– have started to play an important role in the region, both politically and economically. While a withdrawal of Russia came to the fore after the fall of communism in the Balkans, lately it is trying to regain position in the region. Vsevolod Samokhvalov in his article argues that Russia and the Balkans states are exploring new ways of cooperation considering that Russia is applying a more assertive foreign policy, while the Balkan states are being more pragmatic. China is not lagging behind Russia in the Balkans; yet it is following a different path from Russia as China is acting generally on economic grounds. Within this framework, Liu Zuokui analyses China’s investments in the Balkans and its impact in the region. Lastly, Turkey is one of the main countries whose role in the region is increasing day by day. The commentary of Mehmet Uğur Ekinci provides a comprehensive analysis of Turkey’s Balkans policy; while Ilya Roubanis discusses Turkey’s role in the Balkans as part of the broader narrative of European integration. Yet, Turkey’s policies in the Balkans have not been unchallenged by other powers. The EU and especially Germany have started to see Turkey as an emerging threat in the region, especially in terms of economy. Elif Nuroğlu and Hüseyin H. Nuroğlu focus exactly on this issue and argue that even while currently the commercial competition between Turkey and Germany in the Balkans is not serious; in the forthcoming years Turkey has the potential to be a serious competitor to Germany. Religion is an important aspect of Turkey’s foreign policy; yet, this is true for Saudi Arabia as well. Focusing on the case of Bulgaria, Ismail Numan Telci and Aydzhan Yordanova Peneva evaluate the activities of Turkey and Saudi Arabia in the religious sphere. By doing so, the article explains the motivations behind such actions and addresses the impact of this activism on the Bulgarian society. The last article of this issue is that of Muhidin Mulalic, where he evaluates the trilateral relations between Turkey, Serbia, and Bosnia and Herzegovina and concludes that this tripartite diplomatic relation has been quite successful and has resulted in successful economic and trade cooperation. To conclude, the Balkans once considered as a powder keg is currently in a state of relative stability. Yet, this stability to some extent is threatened by the internal domestic and regional issues. Concurrently, the Balkans strategic position attracts external powers to intervene in the regional affairs. All this considered, the Balkan states find themselves at a crossroads and consequently are trying to create a balance between their domestic, regional, and international affairs. This issue of Insight Turkey aims at analyzing the above mentioned issues and provide to its readers a general framework of the most important and current events in the Balkans.

Author: Curtis J. Milhaupt
Publisher: University of Chicago Press
ISBN: 0226525295
Category : Law
Languages : en
Pages : 281

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Book Description
Recent high-profile corporate scandals—such as those involving Enron in the United States, Yukos in Russia, and Livedoor in Japan—demonstrate challenges to legal regulation of business practices in capitalist economies. Setting forth a new analytic framework for understanding these problems, Law and Capitalism examines such contemporary corporate governance crises in six countries, to shed light on the interaction of legal systems and economic change. This provocative book debunks the simplistic view of law’s instrumental function for financial market development and economic growth. Using comparative case studies that address the United States, China, Germany, Japan, Korea, and Russia, Curtis J. Milhaupt and Katharina Pistor argue that a disparate blend of legal and nonlegal mechanisms have supported economic growth around the world. Their groundbreaking findings show that law and markets evolve together in a “rolling relationship,” and legal systems, including those of the most successful economies, therefore differ significantly in their organizational characteristics. Innovative and insightful, Law and Capitalism will change the way lawyers, economists, policy makers, and business leaders think about legal regulation in an increasingly global market for capital and corporate governance.

Author: Digdem Soyaltin
Publisher: CRC Press
ISBN: 1315395851
Category : Political Science
Languages : en
Pages : 189

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Book Description
Addressing the need for a nuanced and subtle set of circumstances and factors, this book presents detailed and context-sensitive empirical evidence by comparing differential institutional changes in Turkey’s public sector with regard to the civil administration, public finance management and public procurement, and the influence wielded by the EU, the IMF, the World Bank, the OECD and other external actors . It shows that when the costs emanating from power struggles between politicians and bureaucrats are low and co-ordination between administrative stakeholders is high, external actors have a greater role to play in this process

Author: Yonah Alexander
Publisher: Taylor & Francis
ISBN: 0415441633
Category : Civil rights
Languages : en
Pages : 807

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Book Description
How do democratic societies maintain the balance between civil rights and security while continuing the fight on global terrorism? This work raises this issue and presents one country, Turkey, and its struggle to implement laws to combat terrorism and comply with the European Union’s civil rights standards. A collection of materials that reflects the legal responses in combating terrorism is an essential volume in any academic and professional collection as it provides a case-specific reference point in the fields of EU politics, law, and international relations. Turkeycontains translations, contextual notes, and explanations from the editors of over 112 Turkish and EU documents ranging from martial law, PKK terror, Turkey-EU relations, human rights, and Turkish reforms. This resource book enables the reader to gauge Turkey’s prospects for success in establishing an effective government that at the same time protects the rights of the individual. This book will prove a valuable source for students and researchers of international politics, international relations and security studies.