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"The globalization of capital markets since the 1980s has been accompanied by a vigorous debate over the convergence of …
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This is the final published book chapter version of an earlier working paper on the impact of private equity in modern capitalism. The book is The Embedded Firm: Corporate Governance, Labor and Finance Capitalism, Cambridge, 2011. The editors are Peer Zumbansen and Cynthia Williams
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The rise of private equity funds represents a new stage in capitalism. These funds combine financial resources and capital markets expertise with detailed operational knowledge of the operations of takeover targets to maximize the creation and expropriation of value on behalf of investors. Their...
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limits of liability rules in modern corporate governance -- I Introduction -- II Foundational corporate governance concepts …
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