Corporate Leadership in a Globalizing Equity Market
研究了全球化股权市场中，机构投资者跨国投资如何促使企业重组运营、调整管理层与外国股东关系、改革高管薪酬，以迎合全球投资者利益，并培养面向国际股东的领导技能。
Executive Overview Long constrained by their national boundaries, institutional investors are discovering an outside world of higher returns and lower risks. Company executives are also learning that foreign investors are able to provide more capital at lower cost. The globalization of equity markets is a product of the 1990s. Governments are opening their markets to foreign investors; investors are diversifying their portfolios; and companies are scouting for new holders. In response, firms are restructuring their operations to enhance shareholder return, redefining management relations with foreign shareholders, and revising management compensation to align with global investor interests. Company executives are mastering new leadership skills for operating in an environment increasingly defined by a relatively small number of large international stockholders. This entails above all delivering a compelling strategy story for sharevalue growth to stock analysts and money managers worldwide.