Political Power And Corporate Control

Author : Peter A. Gourevitch,James Shinn
Publisher : Princeton University Press
Page : 365 pages
File Size : 49,9 Mb
Release : 2010-06-20
Category : Business & Economics
ISBN : 9781400837014

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Political Power and Corporate Control by Peter A. Gourevitch,James Shinn Pdf

Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.

Author : Peter Gourevitch
Publisher : Unknown
Page : 344 pages
File Size : 55,8 Mb
Release : 2005
Category : Business and politics
ISBN : OCLC:1019702578

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Political Power & Corporate Control by Peter Gourevitch Pdf

Author : John Mikler
Publisher : John Wiley & Sons
Page : 256 pages
File Size : 42,5 Mb
Release : 2018-02-12
Category : Political Science
ISBN : 9780745698496

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The Political Power of Global Corporations by John Mikler Pdf

We have long been told that corporations rule the world, their interests seemingly taking precedence over states and their citizens. Yet, while states, civil society, and international organizations are well drawn in terms of their institutions, ideologies, and functions, the world's global corporations are often more simply sketched as mechanisms of profit maximization. In this book, John Mikler re-casts global corporations as political actors with complex identities and strategies. Debunking the idea of global corporations as exclusively profit-driven entities, he shows how they seek not only to drive or modify the agendas of states but to govern in their own right. He also explains why we need to re-territorialize global corporations as political actors that reflect and project the political power of the states and regions from which they hail. We know the global corporations' names, we know where they are headquartered, and we know where they invest and operate. Economic processes are increasingly produced by the control they possess, the relationships they have, the leverage they employ, the strategic decisions they make, and the discourses they create to enhance acceptance of their interests. This book represents a call to study how they do so, rather than making assumptions based on theoretical abstractions.

Author : Stephen Wilks
Publisher : Edward Elgar Publishing
Page : 330 pages
File Size : 51,8 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9781849807326

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The Political Power of the Business Corporation by Stephen Wilks Pdf

The large business corporation has become a governing institution in national and global politics. This study offers a critical account of its political dominance and lack of democratic legitimacy.

Author : Pepper D. Culpepper
Publisher : Cambridge University Press
Page : 246 pages
File Size : 44,7 Mb
Release : 2010-11-22
Category : Political Science
ISBN : 9781139491853

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Quiet Politics and Business Power by Pepper D. Culpepper Pdf

Does democracy control business, or does business control democracy? This study of how companies are bought and sold in four countries - France, Germany, Japan and the Netherlands - explores this fundamental question. It does so by examining variation in the rules of corporate control - specifically, whether hostile takeovers are allowed. Takeovers have high political stakes: they result in corporate reorganizations, layoffs and the unraveling of compromises between workers and managers. But the public rarely pays attention to issues of corporate control. As a result, political parties and legislatures are largely absent from this domain. Instead, organized managers get to make the rules, quietly drawing on their superior lobbying capacity and the deference of legislators. These tools, not campaign donations, are the true founts of managerial political influence.

Author : Mark J. Roe
Publisher : Oxford University Press, USA
Page : 260 pages
File Size : 50,5 Mb
Release : 2003
Category : Business & Economics
ISBN : 0199205302

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Political Determinants of Corporate Governance by Mark J. Roe Pdf

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 (booknews.com).

Author : Jeffrey Neil Gordon,Wolf-Georg Ringe
Publisher : Oxford University Press
Page : 1217 pages
File Size : 54,7 Mb
Release : 2018
Category : Business & Economics
ISBN : 9780198743682

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The Oxford Handbook of Corporate Law and Governance by Jeffrey Neil Gordon,Wolf-Georg Ringe Pdf

Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.

Author : David Beetham,Stuart Weir
Publisher : Routledge
Page : 544 pages
File Size : 53,8 Mb
Release : 2002-09-11
Category : Political Science
ISBN : 9781134864119

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Political Power and Democratic Control in Britain by David Beetham,Stuart Weir Pdf

Democratic Institutions and Practices is the second study carried out under the Democratic Audit of the UK. This volume explores the formal institutions and processes of the liberal democratic state: including the executive, elections, parliament and the civil service.

Author : Edward S. Herman
Publisher : Cambridge University Press
Page : 452 pages
File Size : 40,7 Mb
Release : 1982-05-31
Category : Business & Economics
ISBN : 0521289076

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Corporate Control, Corporate Power by Edward S. Herman Pdf

Deep and detailed research into the workings of corporate enables Professor Herman to throw considerable light on how the board of directors operates, how important outside directors are, how new members are selected, and how multiple directorships interlock the large corporations. Throughout the book the author contrasts the power of the managers with that of other interest groups - bankers, family - and he concludes that power lies with the managers. But this has not changed the basic objectives of the corporation - the pursuit of growth and profits - nor has it enhanced social responsibility. After thorough investigation Edward Herman concludes that government regulation has done surprisingly little to reduce the autonomy of the corporation. Just as the influence of bankers and investors has been resisted, so has the effect of regulation. Improved communications and controls, geographic dispersion, and the enhanced adaptability and mobility of the large corporation have all played a part in maintaining corporate power and managerial control. Corporate Control, Corporate Power will be essential reading for executives, policy makers, regulators, and all those concerned to make the corporation more responsible and accountable.

Author : John W. Cioffi
Publisher : Cornell University Press
Page : 312 pages
File Size : 55,7 Mb
Release : 2010
Category : Corporate governance
ISBN : 0801449049

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Public Law and Private Power by John W. Cioffi Pdf

Cioffi argues that highly politicized reform of corporate governance law has reshaped power relations within the public corporation in favor of financial interests, contributed to the profound crises of capitalism, and eroded its political foundations.

Author : Randall K. Morck
Publisher : University of Chicago Press
Page : 700 pages
File Size : 47,9 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780226536835

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A History of Corporate Governance around the World by Randall K. Morck Pdf

For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

Author : Pierre-Yves Gomez,Harry Korine
Publisher : Cambridge University Press
Page : 348 pages
File Size : 52,6 Mb
Release : 2008-05-22
Category : Business & Economics
ISBN : 0521856388

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Entrepreneurs and Democracy by Pierre-Yves Gomez,Harry Korine Pdf

What legitimizes power within a corporation? This question is of concern to the millions of citizens whose lives depend upon the fate of business corporations. The rules, institutions and practices of corporate governance define the limits of the power to direct, and determine under what conditions this power is acceptable. Effective corporate governance has long been defined in terms of economic performance. More recent studies have focused on philosophical, political and historical analyses. Entrepreneurs and Democracy unites these strands of inquiry - the legitimacy of power, the evolution of multiple forms of governance and the economics of performance - and proposes a framework for future study. It explores the opposing tensions of entrepreneurial force and social fragmentation that form the basis of legitimate corporate governance in modern societies. In doing so, it identifies a common logic that links both the democratization of corporate governance and the growth of economic performance.

Author : Randall G. Holcombe
Publisher : Springer Nature
Page : 331 pages
File Size : 44,7 Mb
Release : 2020-07-23
Category : Political Science
ISBN : 9783030486679

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Coordination, Cooperation, and Control by Randall G. Holcombe Pdf

There are two ways people coordinate their actions: through cooperation, exercised by economic power, and through control, exercised by political power. When economic and political power are held by the same people, the result is stagnation; when those who hold economic power are not the same people who hold political power, the result is progress. This book presents the ways in which economic power and political power can be separated, and how they can remain so, by analyzing the nature of power and the differences between economic and political power. The book then discusses the history of economic and political power, including hunter-gatherer societies, agrarian societies, and modern commercial and industrial societies. This background lends insight into why political and economic power were typically held by the same people, and why recently those without political power have been able to acquire economic power. Incentives play a key role in understanding how those two types of power can become separated, and why there is always a tendency for them to recombine. But ideas also play a crucial role, including the influence of the Enlightenment, on the progress that has occurred in the last several hundred years.

Author : Christopher M. Bruner
Publisher : Cambridge University Press
Page : 128 pages
File Size : 45,9 Mb
Release : 2013-03-29
Category : Law
ISBN : 9781107354906

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Corporate Governance in the Common-Law World by Christopher M. Bruner Pdf

The corporate governance systems of Australia, Canada, the United Kingdom and the United States are often characterized as a single 'Anglo-American' system prioritizing shareholders' interests over those of other corporate stakeholders. Such generalizations, however, obscure substantial differences across the common-law world. Contrary to popular belief, shareholders in the United Kingdom and jurisdictions following its lead are far more powerful and central to the aims of the corporation than are shareholders in the United States. This book presents a new comparative theory to explain this divergence and explores the theory's ramifications for law and public policy. Bruner argues that regulatory structures affecting other stakeholders' interests - notably differing degrees of social welfare protection for employees - have decisively impacted the degree of political opposition to shareholder-centric policies across the common-law world. These dynamics remain powerful forces today, and understanding them will be vital as post-crisis reforms continue to take shape.

Author : Henk Overbeek,Bastiaan van Apeldoorn,Andreas Nölke
Publisher : Routledge
Page : 283 pages
File Size : 43,6 Mb
Release : 2007-04-30
Category : Business & Economics
ISBN : 9781134083626

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The Transnational Politics of Corporate Governance Regulation by Henk Overbeek,Bastiaan van Apeldoorn,Andreas Nölke Pdf

This ambitious volume explores the politics of recent changes in corporate governance regulation and the transnational forces driving the process. Corporate governance has in the 1990s become a catchphrase of the global business community. The Enron collapse and other recent corporate scandals, as well as growing worries in Europe about the rise of Anglo-Saxon finance, have made issues of corporate governance the subject of political controversies and of public debate. The contributors argue that the regulation of corporate governance is an inherently political affair. Given the context of the deepening globalization of the corporate world, it is also increasingly a transnational phenomenon. In terms of the content of regulation the book shows an increasing reliance on the application of market mechanisms and a tendency for corporations themselves to become commodities. The emerging new mode of regulation is characterized by increasing informalization and by forms of private regulation. These changes in content and mode are driven by transnational actors, first of all the owners of internationally mobile financial capital and their functionaries such as coordination service firms, as well as by key public international agencies such as the European Commission. The Transnational Politics of Corporate Governance Regulation will be of interest to students and researchers of international political economy, politics, economics and corporate governance.