The Embedded Firm: Corporate Governance, Labor, and Finance Capitalism
Available in the Osgoode Hall Law School Library
The globalization of capital markets since the 1980s has been accompanied by a vigorous debate over the convergence of corporate governance standards around the world towards the shareholder model. But even before the financial and economic crisis of 2008/2009, the dominance of the shareholder model was challenged with regard to persisting divergences and national differences in corporate law, labor law and industrial relations. This collection explores this debate at an important crossroads, echoing Karl Polanyi's famous observation in 1944 of the disembeddedness of the market from society. Drawing on pertinent insights from scholars, practitioners and regulators in corporate and labor law, securities regulation as well as economic sociology and management theory, the contributions shed important light on the empirical effects on the economy of the shift to shareholder primacy, in light of a comprehensive reconsideration of the global context, policy goals and regulatory forms which characterize market governance today.
- Provides an interdisciplinary perspective on the financial crisis, corporate governance, securities regulation and labor law
- Gives readers a balanced and comprehensive understanding of market regulation and corporate governance
- Contributors are world-renowned experts who draw on their vast theoretical knowledge as well as their policy experience to explore the future of market regulation
Cambridge University Press
Cambridge, United Kingdom
Corporate governance--Law and legislation; Stockholders; Corporations--Investor relations; Capitalism; Corporation law
Williams, Cynthia A. and Zumbansen, Peer, "The Embedded Firm: Corporate Governance, Labor, and Finance Capitalism" (2011). Books. 117.