Political Determinants of Corporate Governance: Political Context, Corporate Impact / Edition 1

Political Determinants of Corporate Governance: Political Context, Corporate Impact / Edition 1

by Mark J. Roe
     
 

ISBN-10: 0199205302

ISBN-13: 9780199205301

Pub. Date: 09/21/2006

Publisher: Oxford University Press, USA

The political and social predicates that make the large firm possible and that shape its form are not always taken into account, despite the fact that variation in the political and social environment can deeply affect which firms, which ownership structures, and which governance arrangements survive and prosper. Focussing on the US, the larger nations in

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Overview

The political and social predicates that make the large firm possible and that shape its form are not always taken into account, despite the fact that variation in the political and social environment can deeply affect which firms, which ownership structures, and which governance arrangements survive and prosper. Focussing on the US, the larger nations in continental Europe, and Japan, Mark Roe uses statistical and qualitative analyses to explore the relationship between politics, history, and business organization.

Product Details

ISBN-13:
9780199205301
Publisher:
Oxford University Press, USA
Publication date:
09/21/2006
Series:
Clarendon Lectures in Management Studies Series
Edition description:
New Edition
Pages:
256
Product dimensions:
9.10(w) x 6.10(h) x 0.60(d)

Table of Contents

List of Graphs and Figures
List of Tables
Introduction1
Pt. IPolitical Conflict and the Corporation11
1Peace as Predicate13
2The Wealthy West's Differing Corporate Governance Structures16
3A General Theory21
Pt. IISocial Conflict and the Institutions of Corporate Governance27
4Social Democracies and Agency Costs: Raising the Stakes29
5Reducing Shareholders' Power to Control Managers38
Pt. IIILeft-Right Politics and Ownership Separation: Data47
6Data and Confirmation49
Pt. IVNation by Nation63
7France65
8Germany71
9Italy83
10Japan87
11Sweden94
12United Kingdom98
13United States104
14Extending the Sample?106
Pt. VThe Direction of Casuality109
15Alternative Formulations of the Thesis111
16Backlash116
17Contract as Metaphor123
18Rents125
19Rents and Politics134
20Rents and Ownership Concentration142
21Political Change in Continental Europe150
22Alternative Formulations: Data154
Pt. VICorporate Law's Limits159
23Corporate Law as the Foundation for Securities Markets: The Theory161
24Its Limits: Theory168
25Its Limits: Data183
26The Quality of Corporate Law and its Limits194
Pt. VIIUnifying Two Political Theories197
27Populism and Socialism in Corporate Governance199
Conclusion201
Acknowledgements205
Bibliography207
Index221

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