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Political Determinants of Corporate Governance: Political Context, Corporate Impact Book

Political Determinants of Corporate Governance: Political Context, Corporate Impact
Political Determinants of Corporate Governance: Political Context, Corporate Impact, 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 structu, Political Determinants of Corporate Governance: Political Context, Corporate Impact has a rating of 4 stars
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Political Determinants of Corporate Governance: Political Context, Corporate Impact, 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 structu, Political Determinants of Corporate Governance: Political Context, Corporate Impact
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  • Political Determinants of Corporate Governance: Political Context, Corporate Impact
  • Written by author Mark J. Roe
  • Published by Oxford University Press, USA, September 2006
  • 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 structu
  • 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
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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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