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How Will the Current Economic Crisis Change Corporate Management?
Beginning of article
Keywords
corporate management, financial crisis, Asian crisis, corporate governance, stockholder capitalism, the Great Depression, agency problem, professional management, Anglo-American capitalism, privatization, global leadership
HISTORY OF THE IMPACT OF ECONOMIC CRISES ON CORPORATE MANAGEMENT
The latest financial crisis is generally recognized as the worst one since the Great Depression. According to a study on financial crises,2 the world suffered thirty-one of them from 1720 to 1987, an average of about one every ten years during the nearly 270-year span. Since 1987, there have been the IT bubble bursting in 2000 and the subprime meltdown in 2008, suggesting …
