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Behaviour and Rationality in Corporate Governance

By Oliver Marnet

Routledge – 2008 – 306 pages

Series: Routledge Studies in Corporate Governance

Purchasing Options:

  • Add to CartPaperback: $54.95
    978-0-415-62034-5
    March 7th 2011
  • Add to CartHardback: $170.00
    978-0-415-43752-3
    March 19th 2008

Description

Corporate scandals due to bad accounting happen far too frequently for a system of corporate governance to be deemed effective. This book tells why the safeguards designed to prevent bad accounting so often fail. By studying why the auditors and members of a board of directors regularly fail to deliver the truth about a company’s financial state of affairs, this provocative book explores a serious problem in the system of reporting financial information.

This book is unique in that it draws together various strands of the literature on corporate governance, accounting, law, cognitive research, psychology, behavioural economics and conventional economics to shed light on questions regarding the feasibility of independence and impartiality of boards of directors and external auditors as monitors and gatekeepers in corporate governance. The book is essential reading for professional accountants and auditors, directors, regulators, law makers, corporate lawyers, and investment bankers. It will appeal to all those interested in behavioural economics and corporate governance.

Contents

1. Introduction

2. Overview of Corporate Governance

3. Earnings Management

4. Rationality or Rational Behaviour?

5. Behaviour and Rationality in Corporate Governance

6. Independence of Auditors and Directors

7. Recent Corporate Governance Failures

8. Implications for Governance Policy

9. Conclusion

Author Bio

Oliver Marnet is a Lecturer in Economics at the School of Management and Business, The University of Aberystwyth.

Name: Behaviour and Rationality in Corporate Governance (Paperback)Routledge 
Description: By Oliver Marnet. Corporate scandals due to bad accounting happen far too frequently for a system of corporate governance to be deemed effective. This book tells why the safeguards designed to prevent bad accounting so often fail. By studying why the auditors and...
Categories: Economic Theory & Philosophy, Microeconomics, Economic Psychology, Corporate Governance, International Business, Commercial Law