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The Impact of Competition on Macroeconomic Performance

In: The Economics of Corporate Governance and Mergers

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  • Karl Aiginger

Abstract

This book provides an insightful view of major issues in the economics of corporate governance (CG) and mergers. It presents a systematic update on the developments in the two fields during the last decade, as well as highlighting the neglected topics in CG research, such as the role of boards, CG and public interest and the relation of CG to mergers. Two important conclusions can be drawn from this book: the first is that corporate governance systems that better align shareholders’ and managers’ interests lead to better corporate performance; second, there is an important relationship between CG structures and the quality of firm decision-making, one of the most important being the decision to merge or take over another firm.

Suggested Citation

  • Karl Aiginger, 2008. "The Impact of Competition on Macroeconomic Performance," Chapters, in: Klaus Gugler & B. Burcin Yurtoglu (ed.), The Economics of Corporate Governance and Mergers, chapter 14, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13007_14
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    Cited by:

    1. Michael Böheim, 2011. "Competition policy: ten lessons learnt from the financial crisis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 38(3), pages 315-330, July.
    2. Farkas, Beáta, 2011. "A közép-kelet-európai piacgazdaságok fejlődési lehetőségei az Európai Unióban [The development opportunities for the Central-East European market economies within the European Union]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 412-429.
    3. Stefan Ederer & Jürgen Janger, 2010. "Wachstums- und Beschäftigungspolitik in Österreich unter europäischen Rahmenbedingungen," WIFO Studies, WIFO, number 41042, April.

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