Corporate Governance ─ A Synthesis of Theory, Research, and Practice

The importance of corporate governance became dramatically clear at the beginning of the twenty-first century as a series of corporate meltdowns from managerial fraud, misconduct, and negligence caused a massive loss of shareholder wealth. But despite the heightened attention on corporate governance practices, many questions still exist.

That is why Corporate Governance, part of the Robert W. Kolb Series in Finance, is such a useful resource. Filled with in-depth insights and practical advice, this book provides a comprehensive synthesis of the numerous theoretical and practical issues that arise from the debate on how to govern effectively.

With coverage of the systems, processes, and procedures integral to the relationship between managers, majority shareholders, and minority shareholders, this book offers a clear view of current governance practices and carefully examines the mechanisms that mitigate the principal-agent conflict.

Written by an array of corporate governance experts, the contributed chapters of this book offer multiple perspectives and contain a series of discussion questions and answers to help reinforce key concepts.

H. Kent Baker, PhD, CFA, CMA, is University Professor of Finance and Kogod Research Professor at the Kogod School of Business, American University. He has published extensively in leading academic and professional finance journals including the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, Journal of Portfolio Management, and Harvard Business Review. Professor Baker is recognized as one of the most prolific authors in finance during the past fifty years. He has consulting and training experience with more than 100 organizations and has been listed in fifteen biographies.
Ronald Anderson, PhD, is a Professor of Finance and the Gary Cohn Endowed Research Professor at the Kogod School of Business, American University. He currently serves as the Chair of the Department of Finance and Real Estate. Before earning his PhD, he worked as an engineer and corporate executive for Schlumberger Limited for more than eleven years, holding both domestic and international posts. Professor Anderson has published extensively on the subject of corporate governance in leading journals in finance, management, accounting, and economics.