The Embedded Firm

Corporate Governance, Labor, and Finance Capitalism

Peer Zumbansen editor Cynthia A Williams editor

Format:Paperback

Publisher:Cambridge University Press

Published:29th Nov '12

Currently unavailable, and unfortunately no date known when it will be back

The Embedded Firm cover

In this book world-renowned experts present a timely investigation of the prospects for reformed market-regulation after the financial crisis.

Taking their cue from Karl Polanyi's critique of the 'disembeddedness' of the market from society, in this book experts from a wide range of disciplines explore the effect of integrating markets and converging policy strategies on corporate governance, finance and labor market regulation.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.

Review of the hardback: 'This collection of essays by leading international scholars offers fresh perspectives on the impact of the global transformation of operating conditions on the change in the relationship between companies and employees, and the pressures on corporations to adopt new strategies and governance practices. This book should be of great interest to lawmakers, practitioners and scholars seeking to understand the dynamics of business and financial regulation in Europe and the US.' Joseph McCahery, Tilburg University Law School

ISBN: 9781107411685

Dimensions: 229mm x 152mm x 25mm

Weight: 660g

498 pages