The book offers a groundbreaking empirical analysis of global capital markets throughout the twentieth century, uniquely calculating the long-term equity premium for numerous countries. It stands out as a significant scholarly contribution, engaging with the ongoing debate about the equity premium's magnitude and promising to make a notable impact in the field of finance.
The stories take us through a summer of love, writing and self-discovery. Set in France, they paint a picture of a world both familiar and yet so different, both in time and outlook. They also recount an attempt to rediscover that lost world; an attempt filled with regret, nostalgia and, ultimately, resolution.
The debate over corporate governance, or how companies are controlled, has flourished vigorously for several years in the U.S. and has now spread to the U.K. This book collects papers by leading academics, bankers, and consultants which discuss major issues in corporate governance in the U.K., Germany, and Japan. It examines the role of shareholders, company boards, and managers under a market-based system as exists in the U.K. and the U.S. in comparison with the insider system found in Japan and, to a lesser extent, Germany. The issue of the effectiveness of the British system and how it might be made more efficient through increasing the accountability of company boards to shareholders, both directly and via the capital market, is extensively discussed.