Convergence and Persistence in Corporate Governance

by Edited by Jeffrey N. Gordon , Mark J. Roe

• ISBN13: 9780521536011
• ISBN10: 0521536014
• Format: Paperback
• Copyright: 2004-05-03
• Publisher: Cambridge University Press

Summary

Corporate governance is on the reform agenda all over the world. Is the Anglo-American model of shareholder capitalism destined to become the global corporate governance standard or will important differences persist? Well-known scholars address this question with sophisticated political economy analysis geared to the legal frameworks. The Enron scandal has stirred up an urgent round of corporate governance questioning. Will it stop a convergence that was in the works? This volume offers interesting insights into this question.

Author Biography

Jeffrey N. Gordon is the Alfred W. Bressler Professor of Law and Co-Director of the Center for Law and Economic Studies at the Columbia Law School, where he teaches corporate law, mergers and acquisitions, comparative corporate governance, and a course on regulation Mark J. Roe is the Berg Professor of Corporate Law at the Harvard Law School, where he teaches corporate law and bankruptcy

Table of Contents

List of contributors

Acknowledgments

Introduction Jeffrey N. Gordon and Mark J. Roe

Part I. System Issues: 1. The end of history for corporate law Henry Hansmann and Reinier Kraakman

2. A theory of path dependence in corporate ownership and governance Lucian A. Bebchuk and Mark J. Roe

3. Path dependence, corporate governance and complementarity Reinhard H. Schmidt and Gerald Spindler

4. Convergence of form or function Ronald Gilson

Part II. Government Players: 5. The international relations wedge in corporate convergence Jeffrey N. Gordon

6. Property rights in firms Curtis Milhaupt

7. Modern politics and ownership separation Mark J. Roe

Part III. Specific Institutions: 8. Norms and corporate convergence David Charny

9. Ungoverned production Charles Sabel

10. Substantive law and its enforcement Gé

rard Hertig

11. Cross-holding in the Japanese keiretsu J. Mark Ramseyer

Index.