The Embedded Firm: Corporate Governance, Labor, and Finance CapitalismCynthia A. Williams, Peer Zumbansen The globalization of capital markets since the 1980s has been accompanied by a vigorous debate over the convergence of corporate governance standards around the world towards the shareholder model. But even before the financial and economic crisis of 2008/2009, the dominance of the shareholder model was challenged with regard to persisting divergences and national differences in corporate law, labor law and industrial relations. This collection explores this debate at an important crossroads, echoing Karl Polanyi's famous observation in 1944 of the disembeddedness of the market from society. Drawing on pertinent insights from scholars, practitioners and regulators in corporate and labor law, securities regulation as well as economic sociology and management theory, the contributions shed important light on the empirical effects on the economy of the shift to shareholder primacy, in light of a comprehensive reconsideration of the global context, policy goals and regulatory forms which characterize market governance today. |
Contents
| 1 | |
| 13 | |
Part II New interests new shareholder constellations new landscapes | 149 |
Part III Labors evolution in the new economy | 275 |
Other editions - View all
The Embedded Firm: Corporate Governance, Labor, and Finance Capitalism Cynthia A. Williams,Peer Zumbansen No preview available - 2011 |
The Embedded Firm: Corporate Governance, Labor, and Finance Capitalism Cynthia A. Williams,Peer Zumbansen No preview available - 2012 |
Common terms and phrases
accessed 22 February accessed February 22 AFL-CIO agency agency theory allocation American argued assets banks Bebchuk Berle and Means billion business judgment rule buyout CalPERS Cambridge capital markets companies company law competition corporate governance corporate law Corporate Social Responsibility credit default swaps credit derivatives Delaware directors disclosure economic effect employees employment Enron European executives federal fiduciary financial crisis financial development financial markets firm global hedge funds Ibid income increased industry innovation institutional investors interests International investment IOSCO issues labor last accessed 22 last accessed February Law Review liability long-term managerial ment organization ownership pension funds percent perspective political economy private equity problem protection reform regulatory repurchases restructuring role sector share shareholder value society stakeholders standards stock market stock options strategies structure systemic risk takeover theory tion trade trust unions United workers York