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Fair SharesThe Future of Shareholder Power and Responsibility$
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Jonathan Charkham and Anne Simpson

Print publication date: 1999

Print ISBN-13: 9780198292142

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198292142.001.0001

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The International Dimension

The International Dimension

Chapter:
(p.201) Chapter 19 The International Dimension
Source:
Fair Shares
Author(s):

Jonathan Charkham

Anne Simpson

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198292142.003.0020

This chapter examines the multinational company, the shareholders, diversification through international investment, private shareholders, and future developments to globalization. There will inevitably be further convergence on accounting practices; the more firms seek to raise capital internationally or seek quotation on overseas stock exchanges, the more likely this becomes. If tax is simplified too, so that expenses are reduced, another obstacle will be easier to surmount — as a more efficient flow of capital should ensue. All this may lead to foreign-held stakes growing in significance and if so the incentive for foreign institutions to monitor their investments will increase. The trends towards globalization will not lead to an erosion of differences in domestic markets, other than what is absolutely essential for transparency of information and protection of shareholder rights in order to attract international capital; but beyond this, nations will cherish their special emphasis on particular aspects of a corporate purpose.

Keywords:   multinational company, shareholders, investment, private shareholders, globalization, stock exchanges, capital

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