Varieties of Capitalism, Corporate Governance and Employees

Author: Shelley Marshall,Ian M. Ramsay,Richard Mitchell

Publisher: Academic Monographs

ISBN: 0522855482

Category: Capitalism

Page: 313

View: 7877

We live in a 'corporate world' in which powerful business corporations shape and influence the activities of nation states, their national economies and their social relations. But what is it that moulds the activities of the corporations themselves? Do some societies have 'styles' of regulation that enable corporations to operate freely in the pursuit of certain interests, where others are more constrained? And, if so, are Australian companies more inclined to pursue the financial interests of shareholders and owners at the expense of employees and creditors? Corporate governance may be guided in the pursuit of particular interests by many influences, including law, politics, capital and labour and other pressure groups. How these competing pressures balance out varies enormously from state to state. Bringing together the original research by lawyers, political economists and industrial relations scholars, Varieties of Capitalism, Corporate Governance and Employees is a first Australian contribution to these complex issues.

Working Within Two Kinds of Capitalism

Corporate Governance and Employee Stakeholding - US and EC Perspectives

Author: Irene Lynch-Fannon

Publisher: Bloomsbury Publishing

ISBN: 1847311482

Category: Law

Page: 176

View: 1024

This text compares the corporate governance structures of the US quoted company and its European equivalent and the role which employees as non-shareholding stakeholders hold within those structures. It focuses on the incidents of ownership normally exercised by stakeholders and raises questions regarding different responses to the issue of mandated labour market regulation on both sides of the Atlantic. The text considers theoretical and practical issues raised in this context.

Law, Corporate Governance and Partnerships at Work

A Study of Australian Regulatory Style and Business Practice

Author: Richard Mitchell,Anthony O'Donnell,Shelley Marshall,Ian Ramsay

Publisher: Routledge

ISBN: 1317107535

Category: Business & Economics

Page: 242

View: 5491

This book examines how businesses manage their labour systems, and particularly how they manage the complex interaction of factors which give rise to instances of 'partnership' style relations between businesses and their employees. The book draws from the literature concerning 'Varieties of Capitalism' (VoC) and the different institutional and regulatory designs inherent in different types of political economy. The book is informed by a new and extensive set of empirical data from Australia that examines the activities of national and multinational business corporations, their outlooks and relationships with stakeholders, and relates these to new and evolving theoretical frameworks based in political economy and law. The book places the Australian regulatory model within this international debate, and assesses the extent to which the system does or does not fit into the general categorisation created in the VoC literature.

The Embedded Corporation

Corporate Governance and Employment Relations in Japan and the United States

Author: Sanford M. Jacoby

Publisher: N.A


Category: Business & Economics

Page: 216

View: 5586

In The Embedded Corporation, Sanford Jacoby traces this enduring diversity to national differences in economic history and social norms, and, paradoxically, to global competition itself. The book's vantage point for exploring the varieties of capitalism is the headquarters of large corporations - in particular, their human resource departments, where changes in markets and technology turn into corporate labor policies affecting million of workers. Jacoby reveals the inner workings of these departments. Despite some cross-fertilization, Japanese and American corporations maintain distinctive approaches to human resource management, with Japanese HR departments occupying a more central position within the corporation.

Corporate Governance and Labour Management

An International Comparison

Author: Howard F. Gospel,Andrew Pendleton

Publisher: Oxford University Press on Demand

ISBN: 9780199299232

Category: Business & Economics

Page: 384

View: 4734

This book is about the relationship between corporate governance regimes and labour management. It examines how finance and governance influence employment relationships, work organization, and industrial relations by means of a comparative analysis of Anglo-American, European, and Japaneseeconomies. The starting point is the distinction widely found in the corporate governance, business systems, and political economy literature between countries dominated by 'shareholder value' conceptions of corporate governance and those characterized by 'stakeholder' regimes. By drawing on a wide range ofcountries, the book is able to demonstrate the complexities of corporate governance arrangements and to present a more precise and nuanced exploration of the linkages between governance and labour management. Each country-based chapter provides an analysis of the evolution and key characteristics of corporate governance and then links this to labour management institutions and practices. The chapters cover the United States, United Kingdom, Japan, Australia, France, Germany, Italy, Netherlands, andSpain, with each written by a leading academic expert in the field. By providing a historical review of the evolution of national systems, the contributors provide judicious evaluations of the current state and future direction of national governance and labour relations systems. Overall, the book goes beyond the 'complementarities' between governance and labour management systems identified in recent literature, and attempts to identify causal relationships between the two. It shows how labour management institutions and practices may influence finance and corporategovernance systems, as well as vice versa. The contributions to this book illuminate current debates about the determinants of corporate governance, the convergence of national 'varieties of capitalism', and the impact of corporate governance on managerial behaviour. The book highlights thecomplexities of corporate governance systems and refines the distinction between market/outsider and relational/insider systems.

Corporate Governance, Employee Voice, and Work Organization

Sustaining High-Road Jobs in the Automotive Supply Industry

Author: Inge Lippert,Tony Huzzard,Ulrich Jurgens,William Lazonick

Publisher: Oxford University Press, USA

ISBN: 0199681074

Category: Business & Economics

Page: 272

View: 2694

Corporate Governance, Employee Voice, and Work Organization explores the dynamic relations between corporate governance, employee voice, and the organization of work in the automotive supply industry. It reports on research undertaken in three countries--Germany, Sweden, and the United States--that has sought to explore and compare historical patterns of the relationships between changing governance regimes, voice, and work at plant level in an era of financialization. It also explores the prospects for high-road, sustainable jobs in the sector. Three detailed case histories from each of the countries are presented which contrast companies facing three different levels of exposure to capital markets: companies relatively sheltered from stock markets; companies that are highly exposed to them; and thirdly companies owned by private equity firms. This design allows for analysis not just across different national contexts but also within them, and questions the usefulness of the 'varieties of capitalism' appraoch in understanding these differences. The cases show that governance compromises matter, that is, that recognising the role of employee voice in corporate governance regimes is essential in any comparative analysis and understanding of corporate governance.

Corporate Governance und Mitbestimmung

Author: Dieter Sadowski

Publisher: Rainer Hampp Verlag

ISBN: 3879889813

Category: Business & Economics

Page: 135

View: 7774

Industrielle Beziehungen, Jahrgang 12, Heft 3, 2005 Schwerpunktheft Corporate Governance und Mitbestimmung IndBez 12(3) herausgegeben von Dieter Sadowski Industrielle Beziehungen sind jene Netzwerke, Institutionen und Systeme, in die die verschiedenen Akteure der Arbeitswelt eingebunden sind und mit denen sie ihre wirtschaftlichen Austauschverhältnisse und sozialen Konfliktbeziehungen faktisch gestalten und normativ regeln. Es reicht heute nicht mehr aus, diese Akteure mit dem traditionellen dichotomischen Modell von Kapital und Arbeit zu beschreiben; ihre mannigfache Ausdifferenzierung in Rollen, Koalitionen und Organisationen sowie ihre zunehmende Interdependenz machen komplexere Analysekonzepte erforderlich. In angelsächsischen Ländern konnten sich Industrial Relations schon früh als eigenständiges Wissenschafts- und Praxisgebiet etablieren. Im deutschen Sprachraum fand dieses Feld nur bei einem kleinen Kreis von Fachleuten aus unterschiedlichen Disziplinen Aufmerksamkeit, obwohl die deutsche institutionelle Lösung des industriellen Konflikts wegen seines Erfolgs in vielen Ländern mit großem Interesse studiert wurde. In jüngster Zeit werden den industriellen Beziehungen auch in Deutschland größere Aufmerksamkeit gewidmet. Es sind vor allem die organisatorischen und technischen Umwälzungen in der Arbeitswelt und die politischen Veränderungen in Europa, die Wissenschaftler und Praktiker vor neue Herausforderungen stellen. Die europäische Einigung provoziert den Vergleich der historisch herausgebildeten nationalen Systeme industrieller Beziehungen und wirft die Frage auf nach ihrer Leistungsfähigkeit für die Konflikt- und Problemverarbeitung in einer dynamischen, vom globalen Wettbewerb bestimmten Wirtschaft. Industrielle Beziehungen werden nunmehr auch als zentrale Aufgabe des Managements gesehen. Der Untertitel – Arbeit, Organisation und Management – trägt diesen Veränderungen Rechnung. Die Zeitschrift will den genannten Wandel zum Thema machen und bietet allen an den industriellen Beziehungen Interessierten ein aktuelles Forum der Analyse und Diskussion.

The Labour Constitution

The Enduring Idea of Labour Law

Author: Ruth Dukes

Publisher: OUP Oxford

ISBN: 0191038601

Category: Law

Page: 250

View: 1729

Exploring different approaches to the study of labour law, this book examines different ways of conceiving of the subject and of describing, analysing, and criticizing current legislation and policy in the field. In particular, it assesses the validity of the suggestion that 'old ways' of thinking about the subject have become outdated. Detailed consideration is given to two such old ways: the idea of the labour constitution, developed by Hugo Sinzheimer in the early years of the Weimar Republic, and the principle of collective laissez-faire, elaborated by Otto Kahn-Freund in the 1950s. It asks whether, and how, these ideas could be abstracted from the political, economic, and social contexts within which they were developed so that they might still usefully be applied to the study of labour law. The central argument of this book is that the labour constitution can be developed so as to provide an 'enduring idea of labour law', and this is constructed against a critique of modern arguments which favour reorienting labour law to align more closely with the functioning of labour markets. As compared with the posited 'law of the labour market', the labour constitution highlights the inherently political nature of labour laws and institutions, as well as their economic functions. It provides a framework for analysing labour laws, labour markets, and labour market institutions, which does not limit the capacity of scholarship in the field to retain its critical edge. It focuses our attentions on important questions, and important fields of enquiry: on questions, not least, of the consequences for workers of the narrowing and disappearance of spaces for democratic deliberation and democratic decision-making as markets continue to expand.

Comparative Corporate Governance

Shareholders as a Rule-maker

Author: Petri Mäntysaari

Publisher: Springer Science & Business Media

ISBN: 9783540253808

Category: Law

Page: 445

View: 3958

An analytical overview of the regulation of shareholder activism in the UK and Germany. The book shows how the comparative legal method can be used in the study of the corporate governance systems of different countries. It deals with the regulation of the governance of listed companies within a wide framework that recognises the importance of company law, securities markets law, standards and internal rule-making.

Globalization and Employment Relations in the Auto Assembly Industry

A Study of Seven Countries

Author: Roger Blanpain,Russell D. Lansbury

Publisher: Kluwer Law International B.V.

ISBN: 9041126988

Category: Business & Economics

Page: 152

View: 3040

Describes work organization, skill formation, remuneration systems, staffing arrangements and employment security, and enterprise governance and employee-management relations in seven countries: the United States, Australia, Germany, Sweden, Japan, South Korea, and China.

Contracting with Companies

Author: Andrew Griffiths

Publisher: Hart Publishing

ISBN: 1841131547

Category: Law

Page: 321

View: 3898

Contracting with Companies surveys the main rules of company law governing the making of contracts with companies. It adopts an economic perspective, examining these rules in terms of the risks they apportion between companies and parties contracting with them. It reviews the use that has been made of economics in the analysis of company law and considers what guidance this can provide in analyzing corporate contracting. The book then examines the relevant law and the issues raised by this law, covering the role of corporate constitutions as the source of the authority of corporate agents, the mechanisms of corporate activity and decision-making, the identification of corporate contracting parties, pre-incorporation contracts and other contracts with non-existent companies, the contractual power of a company's board, the protection of parties dealing with subordinate corporate agents and the regulation of contracts in which a director has a conflict of interest.

Great Britain and the development of a liberal market economy

Author: Rouven Dresselhaus,Stefanie Vielplanells, Cristina, Weltzer

Publisher: GRIN Verlag

ISBN: 3638621774

Category: Political Science

Page: 20

View: 6823

Seminar paper from the year 2005 in the subject Business economics - Economic Policy, grade: 1,3, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, 20 entries in the bibliography, language: English, abstract: In an attempt to extend the perspectives of institutional variations that have dominated the study of comparative capitalism in preceding years, Hall and Soskice have developed a ‘varieties of capitalism’ approach, which presents further perspectives to compare and explain the different forms of capitalism. As part of their approach, they have conceptualized two types of political economies, liberal market economies (LMEs) and coordinated market economies (CMEs), by reference to the way in which firms resolve coordination problems as well as to the spectrum nations can be arrayed. In CMEs non-market relationships allow for inter-firm coordination stressing strategic interaction among firms and other actors, among owners and managers, among employees and firms, and among top managers. Collaborative relationships contribute to building the competencies of the firm through extensive relational contracting and the exchange of private information inside networks. Regarding the corporate governance structure, generally different firm constituencies take part in decision-making processes, characterizing a stakeholder model. In contrast, in LMEs demand and supply conditions of competitive markets set the equilibrium outcomes of firm behavior. Competition, hierarchies and formal contracting, rather than collaborative relationships, coordinate the firms’ activities. Market institutions and marginal calculations based on neoclassical economics influence the actor’s willingness to supply and demand goods or services. The shareholder model of governance prevails over the stakeholder model as shareholders have the main role in decision-making while other constituencies dispose of very limited influence only. In an attempt to reconstruct the development process of the UK into a liberal market economy, the paper intends to describe and analyze key aspects as well as difficulties of economic policy making. Furthermore, it seeks to present and clarify strategic differences between the two political economies by comparing the presented varieties of capitalism with special emphasis on corporate governance and labor market policies as found in Germany (a CME) and the UK (a LME). [...]

Corporate Governance and Capital Flows in a Global Economy

Author: Peter K. Cornelius

Publisher: Oxford University Press

ISBN: 9780195347586

Category: Business & Economics

Page: 527

View: 6933

This volume is a timely and insightful exploration into the issues of corporate governance and the impact of corporate governance practices on investments in developing countries. Sponsored by the World Economic Forum, INSEAD, and Wharton, this book collects original essays from senior researchers at the worlds top academic institutions as well as from key policymakers and business leaders, It analyzes global aspects of governance in relation to such issues as corporate performance, privatization, venture capitalism, and workers. With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, Corporate Governance and Capital Flows in a Global Economy is a must read for anyone interested in financial crises international risk management, and global competitiveness.

Varieties of Capitalism

The Institutional Foundations of Comparative Advantage

Author: Peter A. Hall,David Soskice

Publisher: OUP Oxford

ISBN: 9780191530104

Category: Business & Economics

Page: 556

View: 2322

What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law.

The Oxford Handbook of Employment Relations

Author: Adrian Wilkinson,Geoffrey Wood,Richard Deeg

Publisher: OUP Oxford

ISBN: 0191651494

Category: Business & Economics

Page: 760

View: 5452

There have been numerous accounts exploring the relationship between institutions and firm practices. However, much of this literature tends to be located into distinct theoretical-traditional 'silos', such as national business systems, social systems of production, regulation theory, or varieties of capitalism, with limited dialogue between different approaches to enhance understanding of institutional effects. Again, evaluations of the relationship between institutions and employment relations have tended to be of the broad-brushstroke nature, often founded on macro-data, and with only limited attention being accorded to internal diversity and details of actual practice. The Handbook aims to fill this gap by bringing together an assembly of comprehensive and high quality chapters to enable understanding of changes in employment relations since the early 1970s. Theoretically-based chapters attempt to link varieties of capitalism, business systems, and different modes of regulation to the specific practice of employment relations, and offer a truly comparative treatment of the subject, providing frameworks and empirical evidence for understanding trends in employment relations in different parts of the world. Most notably, the Handbook seeks to incorporate at a theoretical level regulationist accounts and recent work that link bounded internal systemic diversity with change, and, at an applied level, a greater emphasis on recent applied evidence, specifically dealing with the employment contract, its implementation, and related questions of work organization. It will be useful to academics and students of industrial relations, political economy, and management.

Managing Human Resources

Human Resource Management in Transition

Author: Stephen Bach,Martin Edwards

Publisher: John Wiley & Sons

ISBN: 1118509986

Category: Business & Economics

Page: 440

View: 9103

This revised edition is a comprehensive, authoritative set ofessays. It is more detailed and analytical than the mainstreamtreatments of HRM. As in previous editions, Managing Human Resources analyses HRM,the study of work and employment, using an integratedmulti-disciplinary approach. The starting point is a recognitionthat HRM practice and firm performance are influenced by a varietyof institutional arrangements that extend beyond the firm. Theconsequences of HRM need to incorporate analysis of employees andother stakeholders as well as the implications for organizationalperformance.

Varieties of Capitalism in History, Transition and Emergence

New Perspectives on Institutional Development

Author: Martha Prevezer

Publisher: Taylor & Francis

ISBN: 1317819233

Category: Business & Economics

Page: 282

View: 2794

Economics tends to teach that developed countries have good institutions while developing countries do not, and that this is the factor that constrains the latter's growth. However, the picture is far messier than this explanation suggests. Building on the varieties of capitalism framework, this book brings together the tools of institutional economics with historical analyses of institutional evolution of different kinds of property rights and legal systems, protected by different kinds of state, giving rise to distinct corporate governance structures. It constructs institutional development histories across leading liberal capitalisms in Britain and the United States, compared with continental capitalisms in France and Germany, and contemporary transitional capitalisms in China and Tanzania. This volume is innovative in combining both historical and economic insights, and in combining developed country with developing country institutional emergence, dispelling the prevailing sense of complacency about the inevitability of the path of institutional development for the developed areas of the world and the paths that developing countries are likely to follow. This volume will be of great importance to those who study international economics, development economics and international business.

The Oxford Handbook of Comparative Institutional Analysis

Author: Glenn Morgan,John Campbell,Colin Crouch,Ove Kaj Pedersen,Richard Whitley

Publisher: OUP Oxford

ISBN: 0191613630

Category: Business & Economics

Page: 728

View: 8732

It is increasingly accepted that 'institutions matter' for economic organization and outcomes. The last decade has seen significant expansion in research examining how institutional contexts affect the nature and behaviour of firms, the operation of markets, and economic outcomes. Yet 'institutions' conceal a multitude of issues and perspectives. Much of this research has been comparative, and followed different models such as 'varieties of capitalism', 'national business systems', and 'social systems of production'. This Handbook explores these issues, perspectives, and models, with the leading scholars in the area contributing chapters to provide a central reference point for academics, scholars, and students.

Corporate Governance, Finance and the Technological Advantage of Nations

Author: Andrew Tylecote,Francesca Visintin

Publisher: Routledge

ISBN: 1134831781

Category: Business & Economics

Page: 336

View: 2704

Winner of the 2010 Myrdal Prize There is much debate regarding which countries’ economies have the best economic systems to encourage economic growth and technological change. This book is a major contribution to this discussion, connecting the fields of corporate governance and finance with the field of innovation and technology and analysing the ways in which countries’ systems of corporate governance affect firms’ ability to meet the technological challenges of different sectors. Tylecote and Visintin combine incisive analysis with empirical studies systems of corporate governance in the US, Europe, East Asia and China, demonstrating how these systems vary and how the demands on those who control and finance industry are changing. The authors argue that while certain types of system have worked for particular sectors, the technological revolution through which we are passing demands innovation in corporate governance and finance. Indeed, this book goes some way in challenging accepted views of best practise in corporate governance and finance, showing how structures and rules intended to advance ‘shareholder value’ may undermine it by inhibiting technological change. This book will be very interesting reading for students and researchers engaged with corporate governance and national business systems, as well as those interested in systems of innovation.