While "Advances" continues to publish papers from any area of Finance, the focus of this issue is on corporate governance, broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. Papers of this title deal with the role played by boards of directors, impact of ownership, executive compensation, and investor protection. Other papers deal with stock repurchases, default, banking, financial sector development, and the Asian financial crisis. Papers cover a wide range of international experience, including evidence from the U.S., Japan, Israel, Malaysia, China, and New Zealand. Papers cover a wide range of international experience with this issue focusing on corporate governance. This book series is available electronically at website.
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Mark Hirschey is the Anderson Chandler Professors of Business at the University of Kansas. Kose John is the Charles William Gerstenberg Professor of Banking and Finance at New York University. Professor Makhija is chair of Fisher Colleges department of finance, and holds the Rismiller Endowed Professorship in Finance. His research and teaching interests are in the field of corporate finance, and focus on issues relating to capital structure, corporate governance, and investment policy. His work appears in such top professional journals as the Journal of Finance and the Journal of Financial Economics. His recent published research examines the role of banks in mergers & acquisitions, corporate governance in privatization in Eastern Europe, corporate diversification and financing decisions by public utilities, as well as economic value added as a performance metric. Makhija received a PhD in Finance from the University of Wisconsin-Madison.
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