Innowacje i ich wpływ na rozwój nadzoru korporacyjnego

• Authors: Magdalena Jerzemowska

Title variants

EN

Innovations and their influence on the development of corporate governance

• Languages of publication: PL

Abstracts

EN

The aim of the paper is to present the argument that there is not one way of assessing the impact of innovations on corporate governance system. The analysis reveals that the three early speculative bubbles – Tulipmania (Holland, 1637) the South Sea Bubble (England, 1720) and the Mississippi Company Bubble (France, 1720) − were caused in great part by financial innovations. The rapid development of the economies, financial institutions and instruments, accounting practices and corporations was not matched by the parallel development of appropriate laws, financial and accounting infrastructure and corporate governance. The three scandals (and the 2008 as well) also reflected the lack of effective methods of protection against corruption and financial market fraud.

Keywords

EN

bubbles; financial innovation; conversion; public debt; corporate governance

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Nauki o Finansach
• Year: 2014
• Issue: 1(18)
• Pages: 49-65

Contributors

author

Magdalena Jerzemowska

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