"Peter Gourevitch and James Shinn brilliantly question the received
wisdom about state regulation of corporate governance in this
resolutely empirical and resolutely political book. They challenge
arguments that countries can't change and that business dominates
policymaking, showing that what determines a nation's regulatory
system is the particular coalition that has emerged between
workers, owners, and managers. This book should be required reading
for students of corporate governance in the United States and
beyond."--Frank Dobbin, Harvard University, author of "Forging
Industrial Policy: United States, Britain, and France in the
Railway Age"
"Peter Gourevtich and James Shinn are here onto one of the
important inquiries of economic development today: To understand
how the largest firms are run, why they are owned as they are in
different nations, and what explains the variation-some nations
with deep stock markets and some without. Much of the academic
writing to date focuses on the economics of finance and the
underlying legal structure. Get the law right, it's widely thought,
and financial markets will flourish. Less attention has been paid
to how, whether, and to what extent finance and law are both
surrounded by a nation's politics; in short, why it sometimes is so
hard to get the law right. Gourevitch and Shinn bring to bear on
this subject today's thinking in political science, reaching closer
to what seems to be where the basic causes of corporate governance
variation around the world lie-not just in economics and law, but
in political institutions and preferences."--Mark Roe, Harvard
University, author of "Strong Managers, Weak Owners: The Political
Roots of AmericanCorporate Finance" and "Political Determinants of
Corporate Governance"
"This seminal book underlines the vital political importance of
corporate governance, a subject typically viewed only from legal
and business perspectives. It will become a classic in political
economy."--Peter J. Katzenstein. Walter S. Carpenter, Jr. Professor
of International Studies, Cornell University
"Many comparative corporate governance studies like to pit
bank-based systems against market-based systems, or civil-law
against common-law countries. Gourevitch and Shinn make a
compelling case that the reality of corporate governance is much
too rich and complex to fit into these simple categories. They
paint a fascinating picture of the evolution of corporate
governance in Asia, Europe, and North America as driven primarily
by changing political coalitions and ideologies, pension reform,
privatization, and globalization."--Patrick Bolton, Princeton
University, coauthor of "Contract Theory"
"A major contribution by leading scholars of corporate
governance, this book brings together insights from economics,
political science and law. Highly recommended for anyone interested
in the relationship between governance and development, it sheds
helpful new light on the key debate about whether and how legal
origin is destiny."--Simon Johnson, Sloan School of Management,
Massachusetts Institute of Technology
""Political Power and Corporate Control" is the first serious,
book-length political science treatment of the two-way interaction
between corporate form and politics. There is nothing
comparable."--Merritt Fox, Michael E. Patterson Professor of Law,
Columbia University School of Law
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