Kooperativer Bibliotheksverbund

UID:

Format: 1 online resource (xi, 485 pages) : , digital, PDF file(s).

ISBN: 9780511794537 (ebook)

Content: 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.

Note: Title from publisher's bibliographic system (viewed on 05 Oct 2015). , 1. Introduction : corporate governance after the 'end of history' : investigating the new 'great transformation' / Cynthia A. Williams and Peer Zumbansen -- Part I. Historical trajectories of business and regulation : 2. Corporate governance and financial crisis in the long run / Simon Deakin -- 3. Financialism : a (very) brief history / Lawrence E. Mitchell -- 4. Legitimating power : the changing status of the board of directors / Dalia Tsuk Mitchell -- 5. Engaging corporate boards : the limits of liability rules in modern corporate governance / William T. Allen -- 6. The primacy of Delaware and the embeddedness of the firm / Fenner Stewart, Jr. -- 7. The new embeddedness of the corporation : corporate social responsibility in the knowledge society / Peer Zumbansen -- Part II. New interests, new shareholder constellations, new landscapes : 8. Beyond the Berle and Means paradigm : private equity and the new capitalist order / Stephen F. Diamond -- 9. Pension funds as owners and as financial intermediaries : a review of recent Canadian experience / Simon Archer -- 10. Credit derivatives market design : creating fairness and sustainability / Janis Sarra -- 11. The EU Takeovers Directive : a shareholder or stakeholder model? / Blanaid Clarke -- 12. 'Law and finance' : inaccurate, incomplete, and important / Ruth V. Aguilera and Cynthia A. Williams -- Part III. Labor's evolution in the new economy -- 13. Labor and finance in the United States / Sanford M. Jacoby -- 14. The conflicting logic of markets and the management of production / Suzanne Konzelmann and Frank Wilkinson -- 15. Organizing workers globally : the need for public policy to regulate investment / John Evans -- 16. From governance to political economy : insights from a study of relations between corporations and workers / Harry W. Arthurs and Claire Mummé -- Part IV. The transnational embedded firm and the financial crisis -- 17. The intellectual foundations of the global financial crisis : analysis and proposals for reform / Frank Jan De Graaf and Cynthia A. Williams -- 18. Why executive pay matters to innovation and inequality / William Lazonick -- 19. Products, perimeters and politics : systemic risk and securities regulation / Mary Condon -- 20. Modernizing pension fund legal standards for the twenty-first century / Keith L. Johnson and Frank Jan De Graaf -- Part V. Conclusion : -- 21. Conclusion : evaluation, policy proposals and research agenda Cynthia A. Williams and Peer Zumbansen.

Additional Edition: Print version: ISBN 9781107006010

Language: English

URL: https://doi.org/10.1017/CBO9780511794537

UID:

Format: Online-Ressource (1 online resource (498 p.)) , digital, PDF file(s).

Edition: Online-Ausg.

Edition: Cambridge books online

ISBN: 1107006015 , 9781107411685 , 9781107006010 , 9780511794537 , 1283341913 , 9781139103497

Content: 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.

Note: Title from publishers bibliographic system (viewed on 18 Feb 2013)

Additional Edition: ISBN 9780511794537

Additional Edition: ISBN 9781107006010

Additional Edition: Erscheint auch als Druck-Ausgabe The embedded firm Cambridge [u.a.] : Cambridge Univ. Press, 2011 ISBN 1107006015

Additional Edition: ISBN 9781107006010

Language: English

Subjects: Economics

Keywords: Stakeholder ; Strategische Planung ; Organisationswandel ; Stakeholder ; Strategische Planung ; Organisationswandel

DOI: 10.1017/CBO9780511794537

URL: Volltext

URL: Volltext  (lizenzpflichtig)

URL: Volltext

Author information: Zumbansen, Peer 1966-

UID:

Format: 1 online resource (500 pages)

Edition: 1st ed.

ISBN: 9781107006010 , 9781139099691

Content: Taking their cue from Karl Polanyi's critique of the 'disembeddedness' of the market from society, in this book experts from a wide range of disciplines explore the effect of integrating markets and converging policy strategies on corporate governance, finance and labor market regulation

Note: Cover -- The Embedded Firm -- Title -- Copyright -- Contents -- Figures -- Tables -- Contributors -- 1 Introduction: corporate governance after the 'end of history': investigating the new 'great transformation' -- Thematic overview -- Theoretical perspectives -- Conclusion -- Part I Historical trajectories of business and regulation -- 2 Corporate governance and financial crisis in the long run -- I Introduction -- II Shareholder value: an aberration in the evolution of corporate law? -- III Shareholder value and corporate failure: from Enron to the crisis of 2008-2009 -- IV Corporate governance after the crisis -- V Conclusion -- 3 Financialism: a (very) brief history -- 4 Legitimating power: the changing status of the board of directors -- I Introduction -- II Trust -- III Representation -- IV Legitimacy -- V Epilogue -- 5 Engaging corporate boards: the limits of liability rules in modern corporate governance -- I Introduction -- II Foundational corporate governance concepts in the United States -- III A brief sketch of the evolution of US corporate governance -- A Boards of directors in the age of managerialism -- B Social forces that destroyed the manageralist model of corporate governance -- IV Board engagement and the directors' duty to be attentive -- V Conclusions -- 6 The primacy of Delaware and the embeddedness of the firm -- I Introduction -- II The first wave: drawing the distinction -- III The second wave: event studies and the attempts to settle the Cary-Winter debate -- IV The third wave: post-Enron -- V Lessons from the Delaware debate -- 7 The new embeddedness of the corporation: corporate social responsibility in the knowledge society -- I Introduction -- II The death of contract and the rise of finance -- A Corporations and finance -- B Transformations of capitalism and the law -- C Crisis - what crisis? , B Market regulators start questioning the fundamentals -- C What do the current evaluations by market regulators teach us? -- IV Market fundamentalism and governance systems -- V Network systems as inspiration in the development of reflective capitalist models -- A Alternative governance systems -- B The Dutch corporate governance system: an example of network interaction -- C The implications of network thinking -- VI Integrating social values and reflectivity into capital market regulation -- VII Conclusion -- 18 Why executive pay matters to innovation and inequality -- I Inequitable and unstable economic growth -- II Maximizing shareholder value -- III Speculation and manipulation in the explosion of executive pay -- IV Stock buybacks as "weapons of value destruction" -- V Fighting financialization -- 19 Products, perimeters and politics: systemic risk and securities regulation -- I Introduction -- II The politics of international financial regulation -- III What is systemic risk anyway? -- IV The role of IOSCO in defining systemic risk -- Recent IOSCO deliberations on systemic risk in a transnational context -- V Implications of systemic risk for securities regulation -- VI Conclusion: IOSCO, soft law and international financial governance -- 20 Modernizing pension fund legal standards for the twenty-first century -- I Introduction -- II Mutual economic reliance between pension investors and corporations -- III Market changes have created a "lemming" fiduciary standard -- IV Improving pension fund governance -- V Alignment of interests among agents and service providers -- VI Six recommendations -- VII Conclusion -- Part V Conclusion -- 21 Conclusion: evaluation, policy proposals and research agenda -- Index , D Re-embedding capitalism? -- III Industrial organization and corporate governance (paradigm 1) -- A The corporation and its stakeholders -- B The corporation in a welfarist 'mixed economy' -- C Beyond right and left? -- IV What makes and what comes after financial capitalism? (paradigm 2) -- V What managers do depends on what they know (paradigm 3) -- A The place of knowledge in management -- B From individuals to organizations to networks? From industrial captains to managerial revolutionaries to the 'end' or 'future' of management? -- C The corporation as state: corporate social responsibility in the knowledge society -- D What is the knowledge society? -- Part II New interests, new shareholder constellations, new landscapes -- 8 Beyond the Berle and Means paradigm: private equity and the new capitalist order -- I Introduction -- II PE's worldview -- III How do private equity funds work? -- The magic of leverage -- IV The problem with the public corporation -- Today's agency school -- V The labor-left counter-attack -- "Financialization" or pluralism redux? -- VI Conclusion: the real nature of private equity -- 9 Pension funds as owners and as financial intermediaries: a review of recent Canadian experience -- I Acting like owners? -- II Background to Canadian pension funds -- A Sources of revenues of pension funds -- B Investment patterns of pension funds -- III Factors driving change -- A Size and concentration -- B Public and private sector plans -- C Demographics -- D Changing legal and regulatory environment -- E Economic theory -- IV Implications for pension funds as owners and financial intermediaries -- A Monitoring and control -- B Depth, liquidity, price and volatility -- C Alternative assets and the real and paper economies -- V Conclusions -- 10 Credit derivatives market design: creating fairness and sustainability -- I Introduction , II Credit derivatives, distinguishing risk management tool from speculative market -- III Principal-agency issue -- IV Shifting externalities -- V Central counterparty clearing facilities -- VI Recommendations for point of purchase and sale -- VII Financial distress of the reference entity and implications for restructuring -- VIII Recommendations at the point of settlement and insolvency restructuring proceedings -- 11 The EU Takeovers Directive: a shareholder or stakeholder model? -- I Introduction -- II Background to the Directive -- III Board neutrality/level playing field -- IV Duty to employees -- V Information to employees -- VI Payments to employees -- VII Impact of ESOPs -- VIII Conclusion -- 12 "Law and finance": inaccurate, incomplete, and important -- I Introduction -- II The view from economic sociology: law as a partial view -- A Complementarities matter -- B The difficulty of transplantation and the reality of translation -- C The relationship of law and politics -- D Ownership structures - dispersed is not necessarily optimal -- E Future research -- III Why is LLSV nonetheless important? -- A LLSV and the World Bank's Doing Business Initiative -- B LLSV and the promotion of shareholder-oriented corporate governance -- IV Conclusion -- Part III Labor's evolution in the new economy -- 13 Labor and finance in the United States -- I Introduction -- II Labor and financial development since 1980 -- A Wealth ownership -- B Financial occupations -- C Risk -- D Corporate governance -- III Origins of modern financial development -- IV Financial development in the past -- V The double movement in the past -- VI Double movement redux -- A Pay issues -- B Board reforms -- C Proxy access -- VII Private equity and hedge funds -- VIII Conclusion -- 14 The conflicting logic of markets and the management of production -- I Introduction , II The growth of "worker capital" -- III Corporate governance and labor management -- IV Efficiency in productive systems: cooperation and labor management -- V Dominant stakeholders and cooperation -- VI Globalization and effective regulation -- VII Conclusions -- 15 Organizing workers globally: the need for public policy to regulate investment -- I Introduction -- II The growing inequality of income -- III Enforceable rules for the global labor market -- IV Guaranteeing fundamental human rights at work -- V The "social dimension" of investment agreements -- VI More effective rules for multinational enterprises -- VII Building international industrial relations -- VIII Using market and investor power -- IX The growth of financialization -- X Conclusion -- 16 From governance to political economy: insights from a study of relations between corporations and workers -- I Introduction -- II Employee interests and corporate governance -- A Employees as 'citizens at work' -- B Employees as 'stakeholders' -- C Employees as 'human capital' -- D Employees as investors -- III Political economy of the firm: cooperation and solidarity/divergence and conflict -- A Management -- B Workers and unions -- C The corporation and 'others' -- D The political economy of the corporation -- IV Re-imagining corporate governance as political economy: seven hypotheses -- Hypothesis 1 -- Hypothesis 2 -- Hypothesis 3 -- Hypothesis 4 -- Hypothesis 5 -- Hypothesis 6 -- Hypothesis 7 -- V Conclusion -- Part IV The transnational embedded firm and the financial crisis -- 17 The intellectual foundations of the global financial crisis: analysis and proposals for reform -- I Introduction -- II How mainstream economics led to market fundamentalism -- III Deregulators as critics of deregulatory market theory -- A Self-interest does not protect the market

Additional Edition: Print version Williams, Cynthia A. The Embedded Firm Cambridge : Cambridge University Press,c2011 ISBN 9781107006010

Language: English

Keywords: Electronic books

URL: FULL  ((OIS Credentials Required))

UID:

Format: XI, 485 S. ; , 23 cm.

Edition: 1. publ.

ISBN: 978-1-107-00601-0 , 1-107-00601-5

Note: Includes bibliographical references and index

Language: English

Subjects: Economics

Keywords: Stakeholder ; Strategische Planung ; Organisationswandel