Corporate governance

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Corporate governance captivates academics, investors, and politicians globally, particularly when conflicts of interest among stakeholders arise, leading to transaction costs that cannot be mitigated. Different economies have developed distinct mechanisms to address these governance issues, with notable variations between Anglo-Saxon, European, Japanese, Eastern European, and Chinese systems. Despite ongoing interest and debate, empirical evidence regarding the effectiveness of these governance systems remains limited. This second edition compiles contemporary contributions from diverse perspectives and international contexts. Topics explored include corporate governance in transnational companies, the role of corporate investors in firm control, the relationship between corporate governance and human capital, principal-agent issues, and management challenges. This volume serves as essential reading for academics, university students, practitioners, investors, politicians, and legislators. It honors Horst Albach, a significant figure in the scientific community. The editor, Joachim Schwalbach, is a Professor of International Management at Humboldt-University Berlin, Germany.