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Political Determinants of Corporate Governance
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Political Determinants of Corporate Governance: Political Context, Corporate Impact

Mark J. Roe

Abstract

Before a nation can produce, it must achieve social peace. That social peace has been reached in different nations by differing means, some of which have then been embedded in business firms, in corporate ownership patterns, and in corporate governance structures. The large publicly held, diffusely owned firm dominates business in the United States despite its infirmities, namely the frequently fragile relations between stockholders and managers. But in other economically advanced nations, ownership is not diffuse but concentrated. It is concentrated in no small measure because the delicate th ... More

Keywords: social peace, business firms, corporate governance, ownership, social democracies, managers, employment, stockholders, shareholders, social welfare

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780199205301
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780199205301.001.0001

Authors

Affiliations are at time of print publication.

Mark J. Roe, author
Harvard Law School

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