Ownership and Value Creation: Corporate Governance Strategies in the New Economy Era

Author: (USA) Carlson
Publisher:
Publish Date: 2003-05-01
Features: Sustainable business success ultimately depends on the nature of ownership. The role of ownership is not only to provide risk capital and corresponding responsibility management but also to play a key role in value creation by seeking active awareness and specific measures to reduce and eliminate risks. Exercising this ownership requires capability, will, and a certain status. This book aims to elucidate the issues of ownership and value creation from the following three perspectives. The book analyzes the competition faced by the corporate governance movement in the world's five largest economies—namely the United States, the United Kingdom, Germany, France, and Japan—in the past, present, and future. Additionally, the book discusses the international prospects of corporate governance standards and the challenges faced by corporate governance and ownership in the new economy. The book conducts an in-depth study of one of the world's most successful owners—the Swedish Wallenberg Group. Beyond numerous successful international companies such as ABB, AstraZeneca, Atlas Copco, Ericsson, and Scania, the Wallenberg dynasty has been a proactive owner for 150 years. From case studies of proactive owners worldwide, we gain valuable insights. The book provides a conceptual framework and analytical tools, illustrated with examples, to clarify the issues of value creation and the role of ownership. This includes a comprehensive analysis of different types of risks, risk mechanisms, dynamics, and theories of reducing or eliminating risks. Finally, these experiences and theoretical analyses are synthesized into a series of recommendations on how to strengthen the functions of ownership and corporate governance to achieve sustainable business prosperity.