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Corporate Governance, Competition, and Political Parties
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Corporate Governance, Competition, and Political Parties: Explaining Corporate Governance Change in Europe

Roger M. Barker

Abstract

The corporate governance systems of continental Europe have traditionally been quite different to those of the liberal market economies (e.g., the United States and the United Kingdom). Company ownership has been dominated by incumbent blockholders, with a relatively minor role for minority shareholders and institutional investors. However, since the mid‐1990s, European corporations have adopted many of the characteristics of the Anglo‐American shareholder model. Furthermore, such an increased shareholder orientation has coincided with a significant role for the Left in European government. Th ... More

Keywords: European corporate governance, product market competition, economic rents, political parties, partisanship, minority shareholders, blockholders, insider labor, panel data analysis

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780199576814
Published to Oxford Scholarship Online: May 2010 DOI:10.1093/acprof:oso/9780199576814.001.0001

Authors

Affiliations are at time of print publication.

Roger M. Barker, author
Head of Corporate Governance, Institute of Directors