Corporate Decision Making in Canada: 1st Edition (Hardback) book cover

Corporate Decision Making in Canada

1st Edition

Edited by Ronald J Daniels, Randall Morck


720 pages

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Hardback: 9780367423643
pub: 2019-10-31
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Originally published in 1995, Corporate Decision Making in Canada is the fifth title in the Investment in Canada Research Series, reissued in 2019. This volume looks at globalization and rapid technological change and investment spending, particularly in the areas of technology and human capital accumulation, as the key determinant of business success and national economies. The book suggests that the role of corporate governance and the strategies of business organizations is paramount as major elements that affect investment decisions. For example, the economic difficulties experienced by many well-known global corporations in the 1980s and 1990s underscore the importance of corporate decision-making in managing the challenges of change effectively. The issue of corporate governance is addressed in this volume from both an economic and a legal perspective, examining the elements of the modalities of decision-making, the role of incentives, institutions and their relationship to the corporate governance process and their impact on Canada's economic performance.

Table of Contents


Part I: The Importance of Corporate Governance

Canadian Corporate Governance: The Challenge, Ronald J. Daniels & Randall Morck

Part II: The Governance of Canadian Corporations

2. Governance Structure, Corporate Decision-Making and Firm Performance in North America, P. Someshwar Rao & Clifton R. Lee-Sing

3. Control and Performance: Evidence From The TSE 300, Vijay Jog & Agit Tulpule

Discussants' Comments on Part II, David A. Stangeland and Giovanni Barone-Adesi

Part III: The Board and Beyond

4. Alternative Mechanisms for Corporate Governance and Board Composition, Jean-Marie Gagnon & Josee St-Pierre

5. Executive Compensation and Firm Value, Ramy Elitzur & Paul Halpern

6. In High Gear: A Case Study of the Hees-Edper Corporate Group, David A. Stangeland, Ronald J. Daniels & Randall Morck

7. Bell Canada Enterprises: Wealth Creation or Destruction?, Paul Halpern & Vijay Jog

Discussants' Comments on Part III, Clifford G. Holderness, Vikas C. Mehrotra and Lee Gill

Part IV: Institutional Investors

8. Do Institutional and Controlling Shareholders Increase Corporate Value?, Jeffrey G. Macintosh & Lawrence P. Schwartz

9. Why Institutional Investors Are Not Better Shareholders, Michel Patry & Michel Poitevin

10. Institutional Activism by Public Pension Funds the Calpers Model in Canada?, Stephen Foerster

11. Outside Financial Directors and Corporate Governance, Ben Amoako-Adu & Brian Smith

Discussants' Comments On Part IV, Mark Huson and Michael S. Weisbach

Part V: International Aspects of Corporate Governance

12. The Corporate Governance of Multinationals, Randall Morck & Bernard Yeung

13. Corporate Governance and Supervision of the Financial System, Lewis Johnson & Ted Neave

14. Banks and Corporate Governance in Canada, Randall Morck & Masao Nakamura

Discussants' Comments on Part V, Roberta Romano

Part VI: Corporate Governance and Social Responsibility

15. Rewarding Whistleblowers: The Costs and Benefits of an Incentive-Based Compliance Strategy, Robert Howse & Ronald J. Daniels

16. Corporate Governance and Worker Education: An Alternative View, Alice Nakamura, John Cragg & Kathleen Sayers

17. Patient Capital? R&D Investment in Canada, Ronald M. Giammarino

18. The Governance of Nonprofits, Ron Hirshhorn

Discussants' Comments on Part VI, Michael Trebilcock, Bruce Chapman, Jennifer Arlen and Roger Heath

19. Corporate Governance in the Year 2000, Jean-Claude Delorme

20. Canadian Corporate Governance: Policy Options, Ronald J. Daniels & Randall Morck

About the Contributors

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General