The present paper uses a comparison of Japan and the US to argue that the debate about corporate governance reform is …

strong, there is a real possibility that the convergence of real-world financial systems, which many practitioners and … scholars currently believe will take place, is a convergence towards an inefficient system. …

Aus dem weiten Spektrum ökonomisch relevanter Fragen, die die europäische Integration und das Gesellschaftsrecht … Gesellschaftsrechts ab und geht zugleich hinsichtlich der angesprochenen rechtlichen Materie über das Gesellschaftsrecht hinaus, denn die … legal and other regulation is concerned, a certain, though limited, degree of convergence is already visible today. Secondly …

for the issue of rapid convergence to the best system. In addition, we introduce a formal concept of complementarity and … of systems composed of complementary elements are such that a rapid convergence towards a universally best corporate … complementarity, that there even is the possibility of a convergence towards a common system which is economically inferior. And in …