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Convergence and Persistence in Corporate Governance
     

Convergence and Persistence in Corporate Governance

by Jeffrey N. Gordon
 

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ISBN-10: 0521536014

ISBN-13: 9780521536011

Pub. Date: 03/31/2004

Publisher: Cambridge University Press

Corporate governance is on the reform agenda all over the world. How will global economic integration affect the world's various national systems of corporate ownership and governance? Is the Anglo-American model of shareholder capitalism destined to become standard or will sharp differences persist? If there is change, which institutions will converge? Which will

Overview

Corporate governance is on the reform agenda all over the world. How will global economic integration affect the world's various national systems of corporate ownership and governance? Is the Anglo-American model of shareholder capitalism destined to become standard or will sharp differences persist? If there is change, which institutions will converge? Which will persist? This reader contains classic work from leading scholars addressing these questions as well as new essays. In a sophisticated political economy analysis that is also attuned to the legal framework, the authors bring to bear efficiency arguments, politics, institutional economics, international relations, industrial organization, path dependence and property rights. The Enron-induced corporate governance events and reforms in the United States heighten the importance of this inquiry. Will Enron hold up a convergence that was in the works? Convergence and Persistence in Corporate Governance sets up the issues for study and analysis.

Product Details

ISBN-13:
9780521536011
Publisher:
Cambridge University Press
Publication date:
03/31/2004
Edition description:
New Edition
Pages:
382
Product dimensions:
5.98(w) x 8.98(h) x 0.87(d)

Table of Contents

List of figuresvii
List of tablesviii
List of contributorsix
Acknowledgmentsx
Introduction1
Part ISystemic issues
1The end of history for corporate law33
2A theory of path dependence in corporate ownership and governance69
3Path dependence and complementarity in corporate governance114
4Globalizing corporate governance: convergence of form or function128
Part IIGovernment players
5The international relations wedge in the corporate convergence debate161
6Property rights in firms210
7Modern politics and ownership separation252
Part IIISpecific institutions
8The politics of corporate convergence293
9Ungoverned production310
10Convergence of substantive law and convergence of enforcement: a comparison328
11Cross-shareholding in the Japanese keiretsu348
Index362

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