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This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from the beginning of the 20th century to today. It records the substantial changes that have taken place in the nature of stock markets and contrasts these with the persistent...
Persistent link: https://www.econbiz.de/10012954116
This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from the beginning of the 20th century to today. It records the substantial changes that have taken place in the nature of stock markets and contrasts these with the persistent...
Persistent link: https://www.econbiz.de/10012958435
Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...
Persistent link: https://www.econbiz.de/10003923223
Economic integration and globalization are expected to promote economic growth and convergence. This article offers a … crises, and compares their dynamics in time. According to the results, coherently with globalization pressures, clusters have … the classifications provided by the varieties of capitalism theory …
Persistent link: https://www.econbiz.de/10014497055
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This paper contrasts the recent European initiatives on regulating corporate groups with alternative approaches to the phenomenon. In doing so it pays particular regard to the German codified law on corporate groups as the polar opposite to the piecemeal approach favored by E.U. legislation. It...
Persistent link: https://www.econbiz.de/10010406185