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Contingent Capital
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Contingent Capital: Short-term Investors and the Evolution of Corporate Governance in France and Germany

Michel Goyer

Abstract

Corporate governance has become a major topic of interest for academics and policymakers in recent years. The advent of major financial scandals in the early 2000s (Enron, WorldCom, Ahold, Parmalat) has been followed by important financial market turmoil by the end of the decade. A common theme associated with these developments is the increased power of finance – especially shareholder value-oriented institutional investors — across advanced capitalist economies. Will the pressures of financial market globalization force companies to converge on a shareholder-based model of corporate governan ... More

Keywords: comparative corporate governance, complex causation, France, Germany, institutional theory, law and economics, varieties of capitalism

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780199578085
Published to Oxford Scholarship Online: January 2012 DOI:10.1093/acprof:oso/9780199578085.001.0001

Authors

Affiliations are at time of print publication.

Michel Goyer, author
Associate Professor, Warwick Business School

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