The conflicting logic of markets and the management of production
Konzelmann, Suzanne J. and Wilkinson, F. (2011) The conflicting logic of markets and the management of production. In: Williams, C. and Zumbansen, P. (eds.) The Embedded Firm: Corporate Governance, Labor, and Finance Capitalism. Cambridge, UK: Cambridge University Press, pp. 318-332. ISBN 9781107006010.
The globalization of capital markets since the 1980s has been accompanied by a vigorous debate over the convergence of corporate governance standards around the world towards the shareholder model. But even before the financial and economic crisis of 2008/2009, the dominance of the shareholder model was challenged with regard to persisting divergences and national differences in corporate law, labor law and industrial relations. The present collection explores this debate at an important crossroads, echoing Karl Polanyi's famous observation in 1944 of the disembeddedness of the market from society. Drawing on pertinent insights from scholars, practitioners and regulators in corporate and labor law, securities regulation as well as economic sociology and management theory, the contributions shed important light on the empirical effects on the economy of the shift to shareholder primacy, in light of a comprehensive reconsideration of the global context, policy goals and regulatory forms which characterize market governance today.
|Item Type:||Book Section|
|School:||Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management|
|Date Deposited:||18 May 2011 13:59|
|Last Modified:||17 Apr 2013 12:20|
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