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Corporate Governance: A Critical Survey of Key Concepts, Issues, and Recent Reforms in the US

Authors
  • Murphy, Albert1, 2
  • Topyan, Kudret1
  • 1 Manhattan College, Department of Economics and Finance, School of Business, New York City, New York , New York City
  • 2 Manhattan College, Department of Economics and Finance, School of Business, Riverdale, New York, 10471-4098 , Riverdale
Type
Published Article
Journal
Employee Responsibilities and Rights Journal
Publisher
Kluwer Academic Publishers-Plenum Publishers
Publication Date
Jun 01, 2005
Volume
17
Issue
2
Pages
75–89
Identifiers
DOI: 10.1007/s10672-005-3879-z
Source
Springer Nature
Keywords
License
Yellow

Abstract

This paper critically surveys basic corporate governance concepts and theories, assesses recent international empirical support of theories, and analyzes the impact of major, recent corporate governance reforms in the US. Comparing representative economies identifies the essential features of different corporate governance systems. Therefore, the corporate governance structures of a few countries (England, US, Germany, and Japan) are explored. In second part of the paper, some emergent issues of corporate governance such as the impact of block holders and emergent market regulatory changes are assessed. Finally, the effectiveness of the Sarbanes-Oxley act is evaluated.

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