Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance / Randall Morck, Bernard Yeung.

Format:

Book

Author/Creator:

Morck, Randall.

Contributor:

National Bureau of Economic Research.

Yeung, Bernard.

Series:

Working Paper Series (National Bureau of Economic Research) no. w15042.

NBER working paper series no. w15042

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Never Waste a Good Crisis

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2009.

Summary:

Different economies at different times use different institutional arrangements to constrain the people entrusted with allocating the economy's capital and other resources. Comparative financial histories show these corporate governance regimes to be largely stable through time, but capable of occasional dramatic change in response to a severe crisis. Legal origin, language, culture, religion, accidents of history (path dependence), and other factors affect these changes because they affect how people and societies solve problems.

Notes:

Print version record

June 2009.