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Corporate Governance in Context
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Corporate Governance in Context: Corporations, States, and Markets in Europe, Japan, and the US

Klaus J. Hopt, Eddy Wymeersch, Hideki Kanda, and Harald Baum

Abstract

Increased regulatory competition has sharpened the comparative awareness of advantages or disadvantages of different national models of political economy, economic organisation, governance, and regulation. Although institutional change is slow and subject to functional complementarities as well as social and cultural entrenchment, at least some features of successful modern market economies have been in the process of converging over the last decades. The most important change is a shift in governance from state to the market. As bureaucratic ex-ante control is replaced by judicial ex-post con ... More

Keywords: regulatory competition, political economy, economic organisation, governance, regulation, market economies, rule-of-law, public enforcement, private enforcement, disclosure

Bibliographic Information

Print publication date: 2005 Print ISBN-13: 9780199290703
Published to Oxford Scholarship Online: March 2012 DOI:10.1093/acprof:oso/9780199290703.001.0001

Authors

Affiliations are at time of print publication.

Klaus J. Hopt, editor
Director of the Max-Planck-Institute for private law, Hamburg

Eddy Wymeersch, editor
Faculteit can de Rechtsgeleerdheid, Universiteit Gent

Hideki Kanda, editor
Professor of Law, University of Tokyo

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Contents

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Part 1: Change of Governance in Historic Perspective: From State to Market – Pathways of Change in the 20th Century

Part 2: Corporations – Changing Models of Corporate Governance

Part 3: Bureaucracy and Regulations

Part 4: Markets – Creation, Risks, Safeguards

Part 5: Intermediaries – Functions and Responsibility

Summary of Discussions