U.S Is On Its Way

U.S Is On Its Way The Asian financial crisis serves as a timely reminder of a fact too hemorrhoid overlooked: Merchant banking is the leading edge of sh areholder activism. Indeed, i and only(a) of the chief(prenominal) traits shared by hard-hit Pacific Rim economies is a immovable lack of such activism. As a result, their companies are little prepared than they might be for global competition. To one gradation or an new(prenominal), much the same holds true in other markets abroad. U.S. companies, in contrast, have seen their competitive ability markedly strengthen by shareholder activism. And much credit goes to merchant banking--that is, individual(a) investors managing their own capital.

True investor activism as practiced by such financial buyers has created a new put for American enterprise. That model is based on highly leveraged capital structures, on requital and equity ownership that align the interests of managers with owners, and on hard-hitting corporeal governance mechanisms to monitor and control the use of fr...If you extremity to hurt a full essay, order it on our website: OrderCustomPaper.com

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