Papers by GIUSEPPINA TALAMO
Geography, Structural Change and Economic Development, 2009
Corporate Governance, 2011
Today"s financial regulation is founded on the assumption that more transparency, accountability,... more Today"s financial regulation is founded on the assumption that more transparency, accountability, regulation, alignment of interests of directors with long-term objectives, less corruption makes the system safe. Thus, after the recent financial and economic crisis these themes are considered necessary to restore confidence in the financial markets, to reformulate the existing corporate governance systems and mechanisms that have been inadequate, and, finally, to rethink the relationship between ethics and economy. The announcement of setting a ceiling on executive remunerations (of financial institutions that receive aid from the government) coincides with the popular disapproval of the plans on the manager incentives. The socalled golden salaries of top managers raised a number of critical questions: considering the present economic recession is it correct award bonuses and privileges to managers? considering the managerperformance ratio is right that managers receive incentives even when the targets are not met? In the light of this debate the aim of this paper is to critically analyze existing corporate governance rules which are just born with the aim to regulate and control this type of problems. Thus, a possible solution might be to make existing rules more effective o in alternative to rethink corporate governance rule? The purpose of this research is to identify the factors determining the corporate governance systems and mechanisms in a global economy. This analysis confirms the economic theory that less open countries are characterised by stronger ownership" restrictions and a weak corporate governance"s mechanism. Conversely, Open market and investment regimes are particularly powerful instruments to attract investment in general and FDI in particular.
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Papers by GIUSEPPINA TALAMO