Konvergenz, Divergenz oder Hybridisierung? : Globalisierung der Finanzmärkte und Corporate Governance
Convergence, divergence or hybridisation? : Globalization of financial markets and corporate governance
- The paper analyzes the impact of financial globalization on corporate governance systems. While shareholder systems are relatively unaffected by globalization pressures, the burden of adjustment rests primarily on stakeholder systems, owing to their dominant non-market forms of coordination. Convergence theory therefore expects a transformation of stakeholder systems towards shareholder systems, whereas the ‘hybridization thesis’ argues for a combination of elements from shareholder and stakeholder systems as a result of globalization. The ‘Varieties of Capitalism’ approach expects stability in corporate governance systems and a continuation of differences between them.
| Author details: | Alexander Börsch |
|---|---|
| URN: | urn:nbn:de:kobv:517-opus-47545 |
| Publication type: | Postprint |
| Language: | German |
| Publication year: | 2005 |
| Publishing institution: | Universität Potsdam |
| Release date: | 2010/09/21 |
| Tag: | Finanzmärkte; Globalisierung; Unternehmensführung Financial markets; corporate governance; globalization |
| Source: | WeltTrends - Zeitschrift für Internationale Politik, 46 (2005), S. 41 - 56 |
| Organizational units: | Extern / WeltTrends e.V. Potsdam |
| DDC classification: | 3 Sozialwissenschaften / 32 Politikwissenschaft / 320 Politikwissenschaft |
| Collection(s): | Universität Potsdam / Zeitschriften / WeltTrends : Zeitschrift für internationale Politik, ISSN 0944-8101 / Globale Finanzmärkte 46 (2005) |
| License (German): |  Keine öffentliche Lizenz: Unter Urheberrechtsschutz |
| External remark: | In Printform erschienen bei WeltTrends e.V.: Globale Finanzmärkte. - Potsdam : Welt-Trends, 2005. - 208 S. - (Welttrends; 13.2005, 46) ISSN 0944-8101 ISBN 3-937786-40-6 --> bestellen |
