SPECIAL ISSUE OF CORPORATE OWNERSHIP AND CONTROL JOURNAL “CONTINENTAL EUROPE SYSTEM OF CORPORATE GOVERNANCE”

Guest Editor: Prof. Themistokles Lazarides,
Technological Institute of West Macedonia, Greece

The problem of corporate governance in Continental Europe countries is the establishment of balance between major and minor shareholders’ goals and interests and not the interception of improper managerial behaviour. The ethical issues are different as well.  In agency theory moral hazard, adverse selection and asymmetric information are the key ethical issues, whereas in Continental Europe countries the problem is the abuse of power and control by the controlling shareholders. In Anglo-Saxon countries the agency problem is the main concern of corporate governance. Crisis has raised again the question of corporate governance system. Financial, capital market growth and regulation initiatives in both sides of the Atlantic were the facts on which the basis of convergence was constructed.
The Special Issue for Continental Europe system of Corporate Governance will address issues and questions like, but not limited to:

• Can Continental Europe system overcome more easily the crisis?
• What factors should policy makers take into account to create an appropriate regulating framework?
• Is there a convergence trend?
• Is the Board of Directors the basis for a solution of the corporate governance problem in Continental Europe countries?
• Has the capital market created a market for corporate control in Continental Europe?
• The role of institutional investors in Continental Europe.
• What is the role of executives in Continental Europe corporations?
• Is there a need for incentives plans in Continental Europe?
• Shareholder behavior in the Continental Europe system.
• Crisis challenges for Corporate Governance in Continental Europe.
• The minor vs major shareholder conflict in Continental Europe.

Special issue will contain 8-9 papers. Deadline for paper submission is April 1, 2009. All authors of the papers submitted will be notified on the reviewer’s decision by May 15, 2009. The Special issue will be published by June 30, 2009.
Submissions should be made as MS Word files at: Alex_Kostyuk@virtusinterpress.org  or Alex_Kostyuk@mail.ru