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Corporate Governance in Europe: Competition versus Harmonization

Abstract:

The effectiveness of market discipline—the strong built-in incentives that encourage banks and financial systems to operate soundly and efficiently—commands much attention today, particularly in light of recent accounting scandals. As government discipline, in the form of regulation, seems to grows less effective as the banking industry and financial markets grow more complex, the role of market discipline becomes increasingly important. In this collection, which grew out of a conference cosp...

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Publisher:
MIT Press
Publication date:
2004-01-01
UUID:
uuid:a6a5f295-5d5f-4bad-ac30-9f21e0a32572
Local pid:
oai:eureka.sbs.ox.ac.uk:577
Deposit date:
2011-05-19

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