Alfred Chandler wrote a great deal on finance capital in the development of big business. In making bold and provocative statements, he provided scholars with a variety of stimulating ideas. To a large extent, however, we still do not know whether Chandler's assertions were correct. Ultimately,...

If sustainable prosperity is the objective, proposals to reform the corporate governance system must be based on a theory of the innovative enterprise. Without such a theory, stakeholder arguments run the risk of encouraging other groups, besides stockholders, to become claimants to a given, and...

For the purposes of understanding the causes and implications of the growth of financial markets around the world, I focus on a crucial aspect of the dramatic transformation of French capitalism over the last quarter of a century: the shift from a government-based financial system to a...

The centrality of corporate enterprises for allocating resources in the economy has sparked the recent debate among economists about the manner in which corporations should be governed to enhance economic performance. The process through which resources are developed and utilised is central to...

We center this review article around six important books that represent recent thinking by political economists on global finance and discuss their substance, their implications, as well as some of their shortcomings, for our understanding of the subject. We organize our review around three...

To understand the potential economic implications of challenges from the real and financial sectors for the system of corporate governance - the social process that shapes who makes investment decisions in corporations, what types of investments they make, and how the returns from successful...