Corporate Control and Accountability Changing Structures and Dynamics of Regulation

by McCahery, Joseph; Picciotto, Sol; Scott, Colin

• ISBN13: 9780198259909
• ISBN10: 0198259905
• Format: Paperback
• Copyright: 1995-04-13
• Publisher: Clarendon Press

Summary

This volume brings together lawyers, accountants, sociologists and economists to explore some central themes of the legal and organizational accountability of the public corporation. The papers offer the first sustained attempt to transcend the institutionalist and contractarian visions which,during the 1980s, became the mainstream perspectives in corporate analysis.

Table of Contents

Preface	p. v
Notes on Contributors	p. vii
Introduction: Corporate Control: Changing Concepts and Practices of the Firm	p. 1
Corporate Theory beyond Contract	p. 21
Public Values, Private Business, and US Corporate Fiduciary law	p. 23
The Many-Headed Hydra: Networks as Higher-Order Collective Actors	p. 41
Labour Markets, Employment Contracts, and Corporate Change	p. 61
Organizational Regulation and the Limits of Contract	p. 91
Corporate Regulation: Critiques of Market Failure and Transaction Cost Theory	p. 101
Why Regulate the Modern Corporation? The Failure of 'Market Failure'	p. 103
Corporate Governance and Transaction Costs	p. 133
Coercion and Co-operation in the Employment Relationship: Efficiency and Power Theories of the Firm	p. 147
The Prospects of Pension Fund Socialism	p. 165
Changing Concepts of Accountability	p. 185
Auditing and the Politics of Regulatory Control in the UK Financial Services Sector	p. 187
Professional Competition and the Social Construction of Transnational Regulatory Expertise	p. 203
Contracts, Trusts, and Companies	p. 217
Privatization, Control, and Accountability	p. 231
Risk, Trust, and the Market for Corporate Control	p. 247
Banks and Corporate Control in Germany	p. 267
Corporate Groups	p. 289
Corporate Groups and Network Structure JOHN SCOTT	p. 291
The American Law of Corporate Groups	p. 305
Regulating Corporate Groups: An International Perspective	p. 343
Some Comments on the Law Relating to Corporate Groups	p. 371
Transfer Pricing and the Antinomies of Corporate Regulation	p. 375
Bibliography	p. 407
Index	p. 445
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