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Transparency has in recent years become a buzzword in the economic-political debate with regards to prospects for economic growth in general and for Europe in particular. A number of events, trends, and developments for example the East-Asian financial crisis, a series of corporate governance scandals in the United States and in Europe, the introduction of the euro as a mutual currency in percentage of the European Union, a global trend toward politically independent central banks, growing attention to environmental issues, and attempts to reform the governance structures of supranational and multilateral organizations such as the EU and the UN have made transparency an issue of most eminent concern. However, the long and winding road leading from bettered transparency in Europe to increased economic growth in the region has never been mapped out in a consistent way. The reason is plainly that the causal chain from transparency to growth needs to be discussed in a comprehensive, interdisciplinary way, incorporating dissimilar exploration areas and traditions from accounting to economics and political science. This book attempts to bridge that gap in current literature. What is transparency? Are there dissimilar kinds of it? What does it do? How much of it do we need, and for what purpose? In this book, the intention of transparency is assumed at last to be higher rates of economic growth, and so the analyses in the dissimilar chapters take an instrumental view of transparency, where the applicable question is whether increased transparency leads to more effective resource allocation. The chapters address transparency in dissimilar markets and at dissimilar levels: from corporate financial disclosure to lobbying; from the danger incentives facing banks to contest and environmental policies. The book raises crucial questions and delivers a wealth of perceptivities which will be of outstanding use to a wide spectrum of audiences, including researchers and students on the one hand and policy makers, bureaucrats, and finance and investment masters on the other. The Editor Lars Oxelheim holds a chair in International Business and Finance at Lund University, Lund and is an affiliate of the Research Institute of Industrial Economics (IUI), Stockholm and of the Fudan University, Shanghai. His current exploration focuses on the significances of macroeconomic disturbances for corporate performance and issues affiliated to economic and financial integration. He has published galore 25 books and numerous articles in the areas of global business and finance, corporate finance and corporate governance. Among his recent monographs are "Money Markets and Politics: A Study of European Financial Integration and Monetary Policy Options" (Cheltenham: Edward Elgar, 2003) (with Jens Forssbaeck), European Union and the "Race for Foreign Direct Investment in Europe" (Oxford: Elsevier, 2004) (co-edited/authored with Pervez Ghauri) and "Corporate Performance and the Exposure to Macroeconomic Fluctuations" (Stockholm: Norstedts Academic Publishers, 2005) (with Clas Wihlborg). This series: provides an international perspective to the study of business, with a particular special importance and significance on management and merchandising issues. It deals with such topics as globalization, international business negotiations, cross-cultural communication, entry strategies, doing business in dissimilar regions, and future trends. It also focuses on the development of international business theory, methodological issues, the results of empirical studies and the conclusions of practitioners.

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