Political Power and Corporate Control
Title | Political Power and Corporate Control PDF eBook |
Author | Peter A. Gourevitch |
Publisher | Princeton University Press |
Total Pages | 365 |
Release | 2010-06-20 |
Genre | Business & Economics |
ISBN | 1400837014 |
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.
The Political Power of Global Corporations
Title | The Political Power of Global Corporations PDF eBook |
Author | John Mikler |
Publisher | John Wiley & Sons |
Total Pages | 256 |
Release | 2018-02-12 |
Genre | Political Science |
ISBN | 0745698492 |
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.
Political Power & Corporate Control
Title | Political Power & Corporate Control PDF eBook |
Author | Peter Gourevitch |
Publisher | |
Total Pages | 344 |
Release | 2005 |
Genre | Business and politics |
ISBN |
The Political Power of the Business Corporation
Title | The Political Power of the Business Corporation PDF eBook |
Author | Stephen Wilks |
Publisher | Edward Elgar Publishing |
Total Pages | 330 |
Release | 2013-01-01 |
Genre | Business & Economics |
ISBN | 1849807329 |
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.
Quiet Politics and Business Power
Title | Quiet Politics and Business Power PDF eBook |
Author | Pepper D. Culpepper |
Publisher | Cambridge University Press |
Total Pages | 246 |
Release | 2010-11-22 |
Genre | Political Science |
ISBN | 1139491857 |
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.
Political Determinants of Corporate Governance
Title | Political Determinants of Corporate Governance PDF eBook |
Author | Mark J. Roe |
Publisher | Oxford University Press, USA |
Total Pages | 260 |
Release | 2003 |
Genre | Business & Economics |
ISBN | 9780199205301 |
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).
Public Law and Private Power
Title | Public Law and Private Power PDF eBook |
Author | John W. Cioffi |
Publisher | Cornell University Press |
Total Pages | 312 |
Release | 2010 |
Genre | Corporate governance |
ISBN | 9780801449048 |
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.