Recent work in comparative political economy has stressed that coordination of firm-specific investments is a necessary condition for the development of solidaristic policies promoting social welfare (Martin & Thelen 2007). In the absence of ‘macrocorporatism' firms will be unable to maintain...

This comparison of labor-management relations at Deutsche Telekom (DT) and NTT Group (formerly Nippon Telephone and Telegraph) demonstrates the value of considering both institutions and strategic decision-making to understand the interaction between companies and unions. As corporations...

A key theoretical and methodological issue for comparative scholars concerns the non-identical nature of actors across different institutional contexts. This paper reviews the relationship between actors and institutions within various strands of institutional theory, showing some emerging...

This paper compares the characteristics of Mamp;A in 1991-2005 across five countries: Japan, France, Germany, the UK and USA. We ask what factors explain the growth of Mamp;A markets across these countries, and what similarities and differences exist in the ways the Mamp;A market operates. We...

This paper develops an organizational approach to corporate governance and assesses the effectiveness of corporate governance and implications for policy. Most corporate governance research focuses on a universal link between corporate governance practices (e.g. shareholder activism, board...

This article examines institutional linkages between corporate governance and labour management in Germany. German corporate governance was characterised by the importance of banks, ownership concentration, long-term investment, and stable corporate networks. This system displayed important...

Why do employees have rights to representation within corporate boards in some countries, but not in others? Board-level codetermination is widely considered a distinctive feature of coordinated or nonliberal models of capitalism. Existing literature stresses three sets of explanations for...

In this article, we develop a theoretical model to identify and explain the diversity of corporate governance across advanced capitalist economies. Our sociological approach is inspired by quot;actor-centeredquot; institutionalism in stressing the interplay of institutions and firm-level actors....