Logo
Munich Personal RePEc Archive

КОРПОРАТИВНО УПРАВЛЕНИЕ НА ФИНАНСОВИ ПОСРЕДНИЦИ: КОНВЕРГЕНЦИЯ И ДИВЕРГЕНЦИЯ

Nedelchev, Miroslav (2012): КОРПОРАТИВНО УПРАВЛЕНИЕ НА ФИНАНСОВИ ПОСРЕДНИЦИ: КОНВЕРГЕНЦИЯ И ДИВЕРГЕНЦИЯ. Published in:

Warning
There is a more recent version of this item available.
[thumbnail of MPRA_paper_52268.pdf]
Preview
PDF
MPRA_paper_52268.pdf

Download (154kB) | Preview

Abstract

The paper reviews the Corporate Governance from his evolution point of view. The used perspective is a discussion between convergence and divergence in corporate governance of financial intermediaries. The discussion is core for researches in scientific and implementation papers for last fifty years. Based on “principal-agent” model the paper illustrates both the dynamics of corporate governance and contemporary points of view for convergence and divergence of systems and practices. The functional convergence for corporate governance of financial intermediaries outruns the formal convergence. The decisions at national and international level are responds to market reality. The globalization process is leading for convergence of corporate governance, till shareholders’ ownership – for divergence. The internal corporate governance is defined by path-dependence of the company. The revealed convergence concerns ownership rights and board accountability. The external corporate governance is define by the globalization. The auditors convergence their practices for transparency to shareholders and investors. The regulators are convergent by requirements of stock exchanges.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.