Corporate Governance (Convergence and Continuity)

Author: Geoffrey N. Gordon
Publisher:
Publish Date: 2006-09-01
Features: Around the world, corporate governance has been placed on the agenda of reform. How will economic globalization affect the systems of corporate ownership and corporate governance in different countries? Will the Anglo-American model, which represents shareholder capitalism, inevitably become a unified standard model? Or will the diverse corporate governance models around the world continue to exist? If the corporate governance models of different countries change, which model might they converge toward? Which models might persist? This book covers classic interpretations by many renowned scholars on these issues, as well as many new arguments. Within a complex political economy analysis framework, the author employs multiple analytical methods, including efficiency views, political science, institutional economics, international relations, industrial organization, path dependence, and property rights. This analytical framework is also applicable to legal research. The bankruptcy of Enron in the United States triggered corporate governance events and reforms, as well as heightened the importance of the issues discussed in this book. So, will the Enron scandal hinder the convergence of corporate governance models that have already taken shape? In this book, the author raises these questions and conducts research and analysis.