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Global Pressure, National System: How German Corporate Governance Is Changing - Couverture rigide

Börsch, Alexander

 
9780801445361: Global Pressure, National System: How German Corporate Governance Is Changing
Couverture rigide
ISBN 10 : 0801445361 ISBN 13 : 9780801445361
Editeur : Cornell University Press, 2007

Synopsis

Will the pressures of financial and product market globalization force European firms to switch from a stakeholder-based model of corporate governance to a shareholder-based, Anglo-Saxon system? While many scholars of globalization have long assumed convergence toward the shareholder model, little empirical research on the firm level on this assumed dynamic exists.In Global Pressure, National System, which makes a strong case against convergence, Alexander Börsch focuses on the impact of globalization and regulatory changes on German corporate governance, which is widely seen as the prototype of a stakeholder system. Börsch presents the results of his in-depth research on three German firms that are to varying degrees exposed to financial and product market pressures: Siemens, Deutsche Telekom, and Bosch. Despite the pressures from financial markets and global competition, he finds that none of these firms have extensively restructured along Anglo-Saxon lines.Investigating the main dimensions of restructuring--financial, organizational, and portfolio restructuring--as well as internationalization strategies, Börsch finds that adaptation of selected features of shareholder-based governance is quite possible. However, because the prevailing product market strategies of German firms are solidly based on the stakeholder model, change will be limited to those elements that do not destroy the firms' competitive advantage. Hence, although these firms may alter some of their business practices in response to pressures from the global marketplace, their core institutions remain stable.

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À propos de l'auteur

Alexander Borsch has been a researcher at the European University Institute in Florence and now works as Manager of International Pension Research in the asset management industry.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cornell University Press
Date d'édition
2007
Langue
anglais
ISBN 10 
0801445361
ISBN 13 
9780801445361
Reliure
Relié
Numéro d'édition
1
Nombre de pages
216
Coordonnées du fabricant
non disponible
Personne responsable
non disponible