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 scores overlooked: Merchant banking is the leading edge of sh areholder activism. Indeed, i and only(a) of the headsman traits shared by hard-hit Pacific Rim economies is a obdurate lack of such(prenominal) activism. As a result, their companies are little prepared than they might be for global competition. To one score or an another(prenominal), much the same holds true in other markets abroad. U.S. companies, in contrast, have seen their competitive ability markedly fortify by shareholder activism. And much credit goes to merchant banking--that is, common soldier investors managing their own capital.

True investor activism as practiced by such financial buyers has created a new place 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 merged governance mechanisms to monitor and control the use of fr...If you extremity to fasten a full essay, order it on our website: OrderCustomPaper.com

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