The Embedded Firm: Corporate Governance, Labor, and Finance Capitalism - Softcover

Softcover

ISBN 10: 1107411688 ISBN 13: 9781107411685

Publisher: Cambridge University Press, 2012

Synopsis

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. The present 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.

About this title

Book Description:

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.

Review:

"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, Professor of International Economic Law and Professor of Financial Market Regulation, Tilburg University Law School

About this edition

• Publisher: Cambridge University Press
• Publication date: 2012
• ISBN 10: 1107411688
• ISBN 13: 9781107411685
• Binding: Paperback
• Number of pages: 498
• Editor: Williams Cynthia A., Zumbansen Peer