The Experts below are selected from a list of 19854 Experts worldwide ranked by ideXlab platform

Diana Boerner - One of the best experts on this subject based on the ideXlab platform.

Brian Cheffins - One of the best experts on this subject based on the ideXlab platform.

  • The Public Company Transformed
    Oxford Scholarship Online, 2018
    Co-Authors: Brian Cheffins
    Abstract:

    The Publicly traded Company has played a dominant role in the American economy for decades. The Public Company Transformed examines the history of the American Public Company from the mid-twentieth century through to the present day. The analysis is oriented around constraints that have affected the discretion available to Public Company executives, such as monitoring by the board of directors, activism by shareholders, complying with regulation, dealings with unions, and pressure from competitors. The chronological departure point is the managerial capitalism era, which prevailed in large American corporations following World War II. Managerial capitalism’s rise, its 1950s and 1960s heyday, and its fall in the 1970s and 1980s are canvassed. Prosperity that American Public companies and their executives enjoyed during the 1990s is described, as is a reversal of fortunes in the 2000s precipitated by corporate scandals and the financial crisis of 2008. The Public Company Transformed concludes by offering conjectures on the future of the Public corporation, indicating in so doing that predictions the Public Company will soon be an afterthought are likely to be proved incorrect.

  • Oxford Scholarship Online - The Future of the Public Company
    Oxford Scholarship Online, 2018
    Co-Authors: Brian Cheffins
    Abstract:

    The seventh and concluding chapter of The Public Company Transformed extrapolates from trends the previous chapters have identified to speculate on the future trajectory of the Public Company. Salient developments from the 2010s are taken into account, with particular emphasis being placed on those implying a path different from what would be anticipated given events occurring from the mid-twentieth century through to the opening decade of the twenty-first century. This chapter argues radical departures from present day arrangements are unlikely any time soon. For instance, recent predictions of the imminent demise of the Public Company appear to be wide of the mark. That means the transformation of the Public Company the book has described should end up being part of a larger story yet to be written rather than being a Public Company epitaph.

  • the Public Company transformed introduction
    2018
    Co-Authors: Brian Cheffins
    Abstract:

    The American Public Company has undergone a fascinating transformation since the mid-20th century. Up to this point, however, a detailed analytical synthesis of the changes involved has been lacking. The Public Company Transformed (Oxford University Press, 2018) correspondingly examines the history of the American Public Company from the managerial capitalism era through to today, using as the primary reference point senior corporate executives and the constraints affecting the choices available to them. This introductory chapter to the book begins by providing an overview of the basic chronology involved. Next, the book’s contribution to the vast literature on corporations is spelled out. Case studies that move the analysis from the abstract to the specific follow. The focus is on two iconic American business enterprises, AT&T and General Electric. With both being prominent throughout the period the book covers, the case studies illustrate in a concrete fashion key market and regulatory trends the remainder of the book explores. This introduction to The Public Company Transformed concludes with an overview of the book’s remaining chapters.

  • rumours of the death of the american Public Company are greatly exaggerated
    2018
    Co-Authors: Brian Cheffins
    Abstract:

    The Public Company has historically been a crucial element of the American economy. Various predictions have been made recently that the Public Company’s future is bleak. This essay maintains these gloomy conjectures are erroneous. Companies leave the stock market by way of Public-to-private buyouts with some regularity but large firms are rarely affected. Prosperous start-up companies are delaying joining the stock market but nevertheless usually end up in the Public domain. There are considerably fewer Public companies now than there were twenty years ago. Based, however, on the ratio of aggregate market capitalization to gross domestic product, the Public Company is currently as important relative to the U.S. economy as it ever have been, if not more so.

  • corporate governance since the managerial capitalism era
    Business History Review, 2015
    Co-Authors: Brian Cheffins
    Abstract:

    Today’s Public Company executives face a considerably different set of opportunities and constraints than their counterparts from the managerial capitalism era, which reached its apex in the 1950s and 1960s. The growing prominence of corporate governance played a significant role in this process. This paper explores these developments, taking into account in so doing prominent corporate scandals occurring in the first half of the 1970s and early 2000s, the 1980s “Deal Decade”, the “imperial” chief executive phenomenon and changes to the roles played by directors and shareholders of Public companies.

Richard Leblanc - One of the best experts on this subject based on the ideXlab platform.

Ronald S Boster - One of the best experts on this subject based on the ideXlab platform.

  • the Public Company accounting oversight board deja vu seidman s quasi government
    Public Budgeting & Finance, 2007
    Co-Authors: Ronald S Boster
    Abstract:

    The Sarbanes-Oxley Act of 2002, enacted in the wake of the Enron and WorldCom scandals, is the most significant securities legislation since the 1930s. Title I of the Act creates a quasi-Public entity, the Public Company Accounting Oversight Board (PCAOB), and vests it with sovereign regulatory power, subject to oversight by the Securities and Exchange Commission, over the auditors of Public companies. This article describes PCAOB's unique architecture, including independence from the profession it regulates, financing, and organizational structure. In doing so, it raises important policy issues of Public administration, Public finance, and Public budgeting.

Clive S Lennox - One of the best experts on this subject based on the ideXlab platform.

  • the credibility of self regulation evidence from the accounting profession s peer review program
    Journal of Accounting and Economics, 2005
    Co-Authors: Gilles Hilary, Clive S Lennox
    Abstract:

    Following the Sarbanes-Oxley Act, self-regulated peer reviews at accounting firms were replaced by independent inspections conducted by the Public Company Accounting and Oversight Board. Critics of self-regulation had argued that the peer review program lacked credibility. This paper tests whether the opinions issued by the peer reviewers provided credible information to clients about audit firm quality. We find audit firms gained clients after receiving clean opinions from their reviewers and lost clients after receiving modified or adverse opinions. This suggests peer review opinions provided credible information about quality differences between audit firms.