Chapter

Varieties of Corporate Governance: Comparing Germany and the UK

Sigurt Vitols

in Varieties of Capitalism

Published in print August 2001 | ISBN: 9780199247752
Published online November 2003 | e-ISBN: 9780191596346 | DOI: http://dx.doi.org/10.1093/0199247757.003.0010
 Varieties of Corporate Governance: Comparing Germany and the UK

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This chapter compares the systems for corporate governance of Germany and the UK as systems typical of liberal and coordinated market economies with attention to the relationship between markets for corporate governance and corporate finance and managerial structure. It traces recent changes in both systems concluding that each remains distinctive. It explores the impact of these differences on recent firm strategies in the sectors of financial services and the chemicals and pharmaceutical industry.

Keywords: chemicals; corporate finance; corporate governance; financial services; firm strategies; Germany; managerial structure; pharmaceuticals; United Kingdom

Chapter.  9069 words. 

Subjects: Economic Systems

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