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Political Power and Corporate Control : The New Global Politics of Corporate Governance by Peter Alexis Gourevitch and James J. Shinn is a book available to read on EtoBox.

What is Political Power and Corporate Control : The New Global Politics of Corporate Governance about?

Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitio

Author

Peter Alexis Gourevitch and James J. Shinn

Publisher

Princeton: Princeton University Press

Published

2005

Language

EN

ISBN

9781400837014

Subjects

Business, Political Science, Finance