Political Power and Corporate Control: The New Global Politics of Corporate Governance

Princeton University Press
Free sample

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 coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.

Read more
Collapse

About the author

Peter A. Gourevitch is Professor of Political Science and founding Dean at the Graduate School of International Relations and Pacific Studies, University of California, San Diego. He is the author of Politics in Hard Times: Comparative Responses to International Economic Crises and former coeditor of International Organization. James Shinn Visiting Professor at Georgetown University's School of Foreign Service, where he teaches courses on technology and foreign policy. Previously he worked in the U.S. State Department's East Asia Bureau and was later a general manager, entrepreneur, and outside director for fifteen years in the high tech industry at various firms including Dialogic, which he cofounded.
Read more
Collapse
Loading...

Additional Information

Publisher
Princeton University Press
Read more
Collapse
Published on
Jun 20, 2010
Read more
Collapse
Pages
368
Read more
Collapse
ISBN
9781400837014
Read more
Collapse
Read more
Collapse
Read more
Collapse
Language
English
Read more
Collapse
Genres
Business & Economics / Government & Business
Business & Economics / Industries / General
Political Science / Comparative Politics
Political Science / International Relations / General
Read more
Collapse
Content Protection
This content is DRM protected.
Read more
Collapse
Read Aloud
Available on Android devices
Read more
Collapse
Eligible for Family Library

Reading information

Smartphones and Tablets

Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.

Laptops and Computers

You can read books purchased on Google Play using your computer's web browser.

eReaders and other devices

To read on e-ink devices like the Sony eReader or Barnes & Noble Nook, you'll need to download a file and transfer it to your device. Please follow the detailed Help center instructions to transfer the files to supported eReaders.
©2019 GoogleSite Terms of ServicePrivacyDevelopersArtistsAbout Google|Location: United StatesLanguage: English (United States)
By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments Terms of Service and Privacy Notice.