Preface; List of Figures; List of Tables; List of Abbreviations; 1. Introduction: Political Partisanship and the Puzzle of Corporate Governance Change in Europe; 2. A Theory of Partisanship and Corporate Governance Change; 3. Alternative Explanations of Corporate Governance: A Critique of the Literature; 4. Measuring Change in Corporate Governance; 5. The Measurement of Product Market Competition; 6. A Panel Data Analysis of Corporate Governance Change; 7. Robustness and Dynamic Modeling; 8. Qualitative Analysis: Introduction to the Case Studies
Summary
The corporate governance systems of continental Europe have traditionally been quite different to those of the liberal market economies (e.g. the US and the UK). Company ownership has been dominated by incumbent blockholders, with a relatively minor role for minority shareholders and institutional investors. Business strategy has focused on the achievement of social stability - taking into account the interests of a broad group stakeholders - rather than the maximisation ofshareholder value
Bibliography
Includes bibliographical references (pages 292-324) and index
