Corporate governance, competition, and political parties : explaining corporate governance change in Europe / Roger M. Barker.

Format:

Book

Author/Creator:

Barker, Roger M.

Language:

English

Subjects (All):

Competition--Europe.

Competition.

Corporate governance--Europe.

Corporate governance.

Organizational change--Europe.

Organizational change.

Stockholders--Europe.

Stockholders.

Physical Description:

xx, 327 p. : ill.

Edition:

1st ed.

Place of Publication:

Oxford ; New York : Oxford University Press, 2010.

Summary:

Over the last decade, significant changes in corporate governance in Continental Europe have been increasingly evident. This book argues that firms in some of these countries have eschewed the traditional stakeholder-orientation for a strategy based on the maximization of shareholder value, despite a period of social democratic politics in Europe.

Contents:

Intro

Contents

Preface

List of Figures

List of Tables

List of Abbreviations

1. Introduction: Political Partisanship and the Puzzle of Corporate Governance Change in Europe

1.1 Why corporate governance matters?

1.2 Recent developments in European corporate governance

1.3 Corporate governance and partisanship

1.4 Plan of the book

1.5 Chapter Appendix

2. A Theory of Partisanship and Corporate Governance Change

2.1 Change in corporate governance outcomes - between blockholder and shareholder models

2.2 The nature of economic rents

2.3 Corporate governance and economic rents

2.4 The argument: interaction of partisanship and product market competition

3. Alternative Explanations of Corporate Governance: A Critique of the Literature

3.1 Economic approaches to corporate governance

3.2 Legal approaches to corporate governance

3.3 Political approaches to corporate governance

3.4 Sociological approaches to corporate governance

3.5 Corporate governance and nondomestic factors

4. Measuring Change in Corporate Governance

4.1 Measures of de facto corporate governance behavior

4.2 Measures of corporate governance regulation

5. The Measurement of Product Market Competition

5.1 Real price levels

5.2 Concentration indices

5.3 Profit margins

5.4 Openness to trade

5.5 Survey measures of competition

5.6 OECD indices of product market competition

6. A Panel Data Analysis of Corporate Governance Change

6.1 The variables

6.2 Methodology

6.3 Findings

7. Robustness and Dynamic Modeling

7.1 Tests of robustness

7.2 Dynamic modeling of corporate governance

8. Qualitative Analysis: Introduction to the Case Studies

8.1 Rationale for the case studies

8.2 Choice of country cases.

9. The Case of Germany: From Blockholding to Hybrid Corporate Governance Regime

9.1 The corporate governance of Deutschland AG

9.2 Economic rents and German corporate strategy

9.3 The politics of corporate governance in Germany

9.4 Explaining corporate governance change in Germany

10. The Case of Italy: Everything Changes, Everything Stays the Same

10.1 The nature of postwar corporate governance in Italy

10.2 Reform of Italian corporate governance?

10.3 EMU and the empowerment of the technocrats

10.4 Corporate governance reform: partisan politics or elite project?

10.5 Conclusion: economic rents and Italian corporate governance

11. Conclusions

Bibliography

Index

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

V

W.

Notes:

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

ISBN:

9780191573569

0191573566

OCLC:

536239348