Yoshiro Miwa & J. Mark Ramseyer, Financial Malaise and the Myth of the Misgoverned Bank, in Global Markets, Domestic Institutions: Corporate Law and Governance in a New Era of Cross-Border Deals 339 (Curtis J. Milhaupt ed., 2003).
Abstract: Book abstract: Markets for capital, products, and managerial talent are expanding rapidly across national borders, yet domestic laws and practices have never had greater impact on corporate structures and cross-border deals. Investors pursuing high returns and diversification, entrepreneurs seeking capital, and managers endeavoring to restructure troubled enterprises now routinely face transaction counter-parties who operate within different legal and political systems, and who rank social priorities quite differently.This dynamic tension between global markets and domestic institutions.