Convergence and Persistence in Corporate Governance

Leading scholars address corporate governance reform with political economy analysis attuned to legal frameworks.

Corporate governance is on the reform agenda globally. Is the Anglo-American model of shareholder capitalism destined to become the global corporate governance standard or will important differences persist? Leading scholars address this with sophisticated political economy analysis that is also attuned to legal frameworks. Of interest for postgraduates and academics.Corporate governance is on the reform agenda all over the world. How will global economic integration affect the different systems of corporate ownership and governance? Is the Anglo-American model of shareholder capitalism destined to become the template for a converging global corporate governance standard or will the differences persist? This reader contains classic work from leading scholars addressing this question as well as several new essays. In a sophisticated political economy analysis that is also attuned to the legal framework, the authors bring to bear efficiency arguments, politics, institutional economics, international relations, industrial organization, and property rights. These questions have become even more important in light of the post-Enron corporate governance crisis in the United States and the European Union's repeated efforts at corporate integration. This will become a key text for postgraduates and academics.