Cargando…
Corporate law and economic stagnation : how shareholder value and short-termism contribute to the decline of the western economies /
The shift in the institutional logics of corporate governance towards shareholder value coupled with shareholdership's increasing short-termism have cumulatively contributed to the low GDP growth rates that are observed in five major Western economies (France, Germany, The Netherlands, UK, US)...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
The Hague :
Eleven International Publishing,
Ã2013.
|
| Colección: | Dovenschmidt monographs ;
1. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Dedication; FOREWORD; ACKNOWLEDGMENTS; TABLE OF CONTENTS; TABLE OF FIGURES; PREFACE; INTRODUCTION ; 1. UNDERSTANDING THE STRUCTURAL PATHOLOGIES OF THE CURRENT MODEL OF CAPITALISM; 2. SHOULD CORPORATE GOVERNANCE BE FIXED IN THE POST-2008 WORLD?; 3. OUTLINE OF THE RESEARCH; 3.1. Outline of Chapter 1: The Great Reversal in Corporate Governance and the Great Reversal in Shareholdership; 3.2. Outline of Chapter 2: The Post-Keynesian Theory of the Firm; 3.3. Outline of Chapter 3: Corporate Law and the Great Reversal in Corporate Governance.
- 3.4. Outline of Chapter 4: Corporate Law and the Great Reversal in Shareholdership3.5. Outline of Chapter 5: The Path Towards Long Governance; 4. EMBEDDING THE RESEARCH IN THE CORPORATE GOVERNANCE LITERATURE; 4.1. An Overview Of The Comparative Corporate Governance Literature ; 4.2. The Research's Novelties in Relation to the Existing Comparative Corporate Governance Literature; Chapter 1: CORPORATE GOVERNANCE AND INTERNATIONAL POLITICAL ECONOMY; 1.1. THE INTELLECTUAL SUBSTRUCTURE OF THE GOLDEN AGE OF CAPITALISM: KEYNESIAN ECONOMICS.
- 1.1.1. The Keynesian Theory on Uncertainty and the Notion of 'Confidential Crisis'1.1.2. The 'Liquidity Trap'; 1.1.3. Keynesian Fiscalism; 1.2. THE MACROECONOMIC INSTITUTIONS OF THE GOLDEN AGE: THE BRETTON WOODS SYSTEM; 1.2.1. A Legal Analysis of the Bretton Woods Agreement; 1.2.2. The Bretton Woods System and the Restrictions on Capital Movement; 1.3. THE DECONSTRUCTION OF THE GOLDEN AGE: THE BREAKDOWN OF THE BRETTON WOODS SYSTEM; 1.3.1. The Deutsche Mark Floating and the 'Nixon Shock': The Fulfillment of the 'Triffin Dilemma' Prophecy.
- 1.3.2. The Causality Relationship Between the Demise of Bretton Woods and the Oil Shocks of the 1970s1.3.3. Financing the Current Account Deficits: Petrodollar Recycling and Capital Account Liberalization; 1.4. THE MACROECONOMIC INSTITUTIONS OF THE POST-BRETTON WOODS WORLD; 1.4.1. The Capital Account Liberalization Movement; 1.4.2. The European Monetary Union and the Erga Omnes Free Movement of Capital; 1.4.3. The Interjurisdictional Competition for Siphoning Capital to National Financial Markets; 1.5. THE INTELLECTUAL SUBSTRUCTURE OF THE POST-BRETTON WOODS WORLD: NEOCLASSICAL ECONOMICS.
- 1.5.1. The Antidote to the Great Stagflation: Monetarism1.5.2. The Rise of New Classical Macroeconomics; 1.5.3. The Basic Tenets of the Neoclassical Orthodoxy; 1.5.4. Neoclassical Economics and the Deregulation Movement; 1.5.5. A Case Study on Deregulation: The US Banking Regulation; 1.6. THE SHIFT IN THE INSTITUTIONAL LOGICS OF CORPORATE GOVERNANCE IN THE POST-BRETTON WOODS WORLD; 1.6.1. The 'Chandlerian' Corporation of the Golden Age: 'Retain and Invest'; 1.6.2. The Shareholder Value Ideology: 'Downsize and Distribute'