Financial globalization, paired with the relaxation of constraints on
capital fl ows between countries before the 2008 crisis, increased merger
activities among the world’s largest stock exchanges. The fi nancial crisis
of 2008 had a severe impact on the development of equity markets,
corporate fi nancial stability, and corporate governance, and a multi-step
approach is needed to fully appreciate the causes and effects of this event.
This book engages the separate strands of literature to advance a more
holistic understanding of whether and how the national institutional
environments in selected countries around the world has been changed
after the crisis.