Chapter

Introduction: Political Partisanship and the Puzzle of Corporate Governance Change in Europe

Roger M. Barker

in Corporate Governance, Competition, and Political Parties

Published in print January 2010 | ISBN: 9780199576814
Published online May 2010 | e-ISBN: 9780191722509 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199576814.003.0001
Introduction: Political Partisanship and the Puzzle of Corporate Governance Change in Europe

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An increasingly shareholder–oriented approach to corporate governance has emerged in the nonliberal market economies of continental Europe over the last ten–fifteen years. However, Left parties have also enjoyed a strong presence in government during the same period. This presents a puzzle, as intuitive expectations regarding the economic policy preferences of political parties – and also Mark Roe's theory (2003) of the political determinants of corporate governance – imply that pro‐shareholder corporate governance reform is more likely to be a feature of conservative than Left government.

Keywords: European corporate governance; partisanship; political parties; Left government; Conservative government; non‐liberal market economies; minority shareholders; blockholders

Chapter.  11566 words.  Illustrated.

Subjects: International Business

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