global history of corporate governance
Subtitle: an introduction
By: Randall K. Morck, Lloyd Steier.
Contributors: Steier, Lloyd.; National Bureau of Economic Research.
Series: NBER working paper series -- no. 11062.; Working paper series (National Bureau of Economic Research) -- working paper no. 11062.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 47
Subjects: Corporate governance -- History
Description: "This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies underscore the importance of path dependence, often as far back into preindustrial period; legal system origin, though in a more nuanced form than mere statutory shareholder rights; and wealthy families. They also clarify the roles of ideologies, business groups, trust, institutional transplants, and politics in institutional evolution and financial development. Other themes are the universality of business insiders' investments in, entrenchment, and a possible behavioral basis for this"--National Bureau of Economic Research web site.
Notes: "January 2005."

Includes bibliographical references (p. 41-45).

Also available in PDF from the NBER world wide web site (www.nber.org).