Chapter

Conclusion

Stephen M. Bainbridge

in Corporate Governance after the Financial Crisis

Published in print January 2012 | ISBN: 9780199772421
Published online May 2012 | e-ISBN: 9780199932696 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199772421.003.0009
Conclusion

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With the various case studies provided by the preceding chapters in hand, this concluding chapter returns to a more global focus to consider the impact the post-crisis reforms collectively have had on the effectiveness of the corporate governance system. It looks at a wide variety of evidence, ranging from cost-benefit analyses, studies of delisting decisions by former public corporations, decisions to go public or not by start-ups, and the competitive standing of U.S. capital markets in the global economy. On balance, the evidence strongly suggests that the creeping federalization of corporate governance is producing costs well in excess of the benefits.

Keywords: corporate governance; federalization; federal law

Chapter.  4162 words. 

Subjects: Company and Commercial Law

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