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The Life Cycle of Corporate Governance

Edited by Igor Filatotchev, Professor of Corporate Governance and Strategy, King's College London, UK and Mike Wright, Professor of Entrepreneurship and Director, Centre for Management Buyout Research, Imperial College Business School, London, UK and Visiting Professor, University of Ghent, Belgium and ETH Zurich, Switzerland
This unique collection of new, previously unpublished papers demonstrates the importance of corporate governance throughout the different stages of the life-cycle of firms and organisations, and in particular in the crucial transitions between stages. In so doing it redresses an imbalance created by the wealth of literature and research devoted to the study of corporate governance in mature firms only. The book gives equal consideration to the monitoring and control functions of corporate governance mechanisms, and to the resource and strategic roles of governance in the decision-making process. In so doing it attempts to provide a framework through which to understand the factors that affect the balance between the possible functions of corporate governance.
Extent: 304 pp
Hardback Price: $180.00 Web: $162.00
Publication Date: 2005
ISBN: 978 1 84542 214 1
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  • Business and Management
  • Corporate Governance
  • Economics and Finance
  • Corporate Governance
  • Financial Economics and Regulation
This unique collection of new, previously unpublished papers demonstrates the importance of corporate governance throughout the different stages of the life-cycle of firms and organisations, and in particular in the crucial transitions between stages. In so doing it redresses an imbalance created by the wealth of literature and research devoted to the study of corporate governance in mature firms only. The book gives equal consideration to the monitoring and control functions of corporate governance mechanisms, and to the resource and strategic roles of governance in the decision-making process. In so doing it attempts to provide a framework through which to understand the factors that affect the balance between the possible functions of corporate governance.

It is suggested in these papers that an analysis of the firm’s governance life-cycles cannot be separated from the economic and institutional dynamics in a particular country, and as such the book reviews the role of the corporate governance life-cycle in different industrial and institutional contexts.
‘The range of articles here clearly goes beyond the limits normally encountered, adding also an international perspective not restricted to just the US, but encompassing Belgium, the Netherlands, Germany and the Baltic states. The book stands as a valuable and stimulating entity in itself, and it is to be hoped that its example will encourage others to similar explorations.’
– Manifest
Contributors: M. Arberk, I. Colville, R. Dino, S. Espenlaub, I. Filatotchev, C. Gispert, M. Goergen, M. Haynes, J. Hayton, D. Jones, A. de Jong, R. Kabir, A. Khurshed, D. Laing, M. Lubatkin, N. Mygind, A. Pye, L. Renneboog, B. Schulze, S. Thompson, S. Toms, C. Weir, M. Wright, S. Zahra
Contents: 1. The Corporate Governance Life Cycle 2. Venture Capital and the Corporate Governance Life Cycle 3. Organizational Life Cycle Transitions and their Consequences for the Governance of Entrepreneurial Firms: An Analysis of Start-up and Adolescent High Technology New Ventures 4. Exploring the Agency Consequences of Ownership Dispersion Among Inside Directors at Family Firms 5. Venture Capitalists, Syndication and Governance in Initial Public Offerings 6. Governance Implications of Locked-in Venture Capitalists (VCs) and Founder Owners in Newly Floated UK Companies 7. Insider Retention and Long-run Performance in German and UK IPOs 8. Divestment, Remuneration and Corporate Governance in Mature Firms 9. Corporate Governance and Financial Constraints on Strategic Turnarounds 10. Corporate Governance and the Public to Private Threshold 11. Corporate Governance, Strategy and Structure: US and British Comparatives, 1950–2000 12. Corporate Directing in Large PLCs: Reflections on (the Concept of) Corporate Governance 13. The Impact of Corporate Governance on Firm Performance and Growth Potential: An Analysis of Three Different European Governance Regimes 14. Corporate Governance Cycles During Transition: Theory and Evidence from the Baltics