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: 0199240744

ISBN-13: 9780199240746

Pub. Date: 02/28/2003

Publisher: Oxford University Press, USA

In a painstaking analysis, Roe (law, Harvard Law School) examines the impact of a nation's strong social policies on the corporate governance, suggesting that stronger social policies can cause an American style of diffuse ownership among shareholders to fail. The link between social policies and corporate governance is examined statistically for a large number of…  See more details below

Overview

In a painstaking analysis, Roe (law, Harvard Law School) examines the impact of a nation's strong social policies on the corporate governance, suggesting that stronger social policies can cause an American style of diffuse ownership among shareholders to fail. The link between social policies and corporate governance is examined statistically for a large number of countries, and in case studies for seven: Italy, Germany, Sweden, the UK, France, Japan, and the US. Product markets, securities markets, and the ability of corporate and economic structures to induce a political backlash are discussed. Annotation (c)2003 Book News, Inc., Portland, OR

Product Details

ISBN-13:
9780199240746
Publisher:
Oxford University Press, USA
Publication date:
02/28/2003
Series:
Clarendon Lectures in Management Studies Series
Pages:
248
Product dimensions:
9.30(w) x 6.40(h) x 0.90(d)

Table of Contents

List of Graphs and Figures
List of Tables
Introduction
Part I: Political Conflict and the Corporation
1. Peace as Predicate
2. The Wealthy West's Differing Corporate Governance Structures
3. A General Theory
Part II: Social Conflict and the Institutions of Corporate Governance
4. Social Democracies and Agency Costs: Raising the Stakes
5. Reducing Shareholders' Power to Control Managers
Part III: Left-Right Politics and Ownership Separation: Data
6. Data and Confirmation
Part IV: Nation by Nation
7. France
8. Germany
9. Italy
10. Japan
11. Sweden
12. United Kingdom
13. United States
14. Extending the Sample?
Part V: The Direction of Causality
15. Alternative Formulations of the Thesis
16. Backlash
17. Contract as Metaphor
18. Rents
19. Rents and Politics
20. Rents and Ownership Concentration
21. Political Change in Continental Europe
22. Alternative Formulations: Data
Part VI: Corporate Law's Limits
23. Corporate Law as the Foundation for Securities Markets: The Theory
24. Its Limits: Theory
25. Its Limits: Data
26. The Quality of Corporate Law and Its Limits
Part VII: Unifying the Political Theories
27. Populism and Socialism in Corporate Governance
Conclusion
Acknowledgements
Bibliography
Index

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