Browse

International Corporate Governance: A Select Bibliography

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors
Kim, Hwa-Jin
Issue Date
2008
Publisher
BK 21 law
Citation
Journal of Korean Law, Vol.8 No.1, pp. 201-226
Abstract
Discussion and academic research on corporate governance first began in the United States. Corporate governance was a very American-specific issue to the extent that there was no exact translation of the term in the language of many countries of the world. The concept of corporate governance first appeared in 1932, when Adolf Berle and Gardiner Means wrote the famous book, “The Modern Corporation and Private Property.” Berle and Means talked about the separation of ownership and control in publicly-held companies in the United States as a result of dispersed ownership. With a great increase in the number of shareholders, such dispersion of ownership gave birth to a special group of business people with full authority to run the corporation. In turn, some form of institutionalized mechanism was needed to control this management group. Meanwhile, issues arising from the separation of ownership and control (such as agency costs) became a major research area of corporate governance. It would not be an exaggeration to say that U.S. corporate law is the product of the effort to develop organizational principles for solving this agency costs problem.
ISSN
1598-1681
Language
English
URI
http://hdl.handle.net/10371/85148
Files in This Item:
Appears in Collections:
College of Law/Law School (법과대학/대학원)The Law Research Institute (법학연구소) Journal of Korean LawJournal of Korean Law Volume 08 Number 1/2 (2008)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse