Corporate Collapse and Corporate Governance

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Corporate Collapse and Corporate Governance is written by Yifei Yang and published by Springer Nature. It's available with International Standard Book Number or ISBN identification 9819696666 (ISBN 10) and 9789819696666 (ISBN 13).

This book provides an in-depth examination of the relationship between the UK’s dominant corporate governance regime and major corporate failures, with a particular focus on the collapse of Carillion Plc. Through a detailed analysis of the Carillion case and its aftermath, the book highlights a persistent issue in the market’s failure to learn from past collapses, allowing similar failures to recur. The exploration of corporate constitutional analysis into Carillion is presented as a thought experiment, aiming to discover new perspectives on these systemic breakdowns. It investigates whether adopting a corporate constitutional paradigm might offer fresh insights and support meaningful reform of the UK’s contractualist, shareholder-focused model. The book identifies the dysfunction at the heart of the current framework as a direct cause of corporate collapse and demonstrates how different governance paradigms can shape distinct corporate behaviours and outcomes. It calls for a fundamental rethinking of how corporate power is structured and justified. By critically evaluating the internal and external dimensions of corporate governance, this book provides a timely and thought-provoking contribution for scholars, policymakers, and practitioners seeking more resilient and responsible models of governance.