This book explores the links between different corporate governance systems and their impact on economic development. It focuses on how institutional reforms, legislative changes and codified measures have influenced performance at the firm and country level. Drawing on detailed cases from the UK, USA, China, India, Poland, Brazil, Russia and South Africa, this book takes a truly international and comparative approach to understanding the relationship between regulatory frameworks and economic development.
This will be a valuable text for students and researchers of economic development, corporate governance, international political economy, and economic and business history.
Author(s): Anna Lanoszka
Publisher: Routledge
Year: 2022
Language: English
Pages: 195
City: London
Cover
Half Title
Title
Copyright
Dedication
Contents
List of Abbreviations
1 Towards an Effective System of Corporate Governance
I. Beyond a Simplistic View of Corporate Governance
II. The Shareholders Versus Stakeholders Dilemma
III. Historical Transformations of the Company Role and Structure
IV. Corporations and Ongoing Processes of Institutional Change
2 Imperfect System – Lessons From the UK
I. The East India Company and the Path of Institutional Change
II. Emergence of Domestic Corporations – Foundational Legislations
III. The Inter-war Difficulties in the Absence of Professional Managers
IV. From Heavy State Interventionism to Thatcher’s Liberal Reforms
V. Contemporary Shareholders-Centered Corporate Governance Framework
VI. Corporate Governance and Economic Development in the UK
3 Progress Among Crises – Lessons From the US
I. Early Days: Corporate Charters and the Framing of the US Constitution
II. Anti-trust Laws: Towards the Federalization of Corporate Governance
III. Post-war Institutions, Rights of Corporations, and the Rise of Multinationals
IV. Dealing With Crises: From Sarbanes-Oxley to the Dodd-Frank Act
V. Corporate Governance, the State, and Economic Development in the US
4 It Is Our Way With Western Characteristics – Lessons From China
I. From the Empire to Socialism: Arbitrary Rules for the Centralized System
II. Partial Open-Door Reforms and Growth Under Extractive Institutions
III. Legislative Reformist Developments on the Road to the WTO
IV. Dilemmas of the Corporate Sector: Private vs. State-Controlled Entities
V. Corporate Governance and Economic Development in China
5 The Importance of the Family – Lessons From India
I. Colonial Legacy, Family Groups, and Economic Experiments by the State
II. First Crisis-Driven Reforms and the Power of the Establishment
III. Desirable Code and the Business-Government Collusion Problems
IV. Hazards of Low-Risk Corporate Sector and Modi’s Economic Nationalism
V. Corporate Governance, the State, and Economic Development in India
6 Escalating Problems – Lessons From Russia, Poland, Brazil, and South Africa
I. State-Capitalism and Ominous Corporate Paternalism – Russia
II. Progress Among Remains of the Interventionist Economy – Poland
III. Missed Opportunities and Pitfalls of Protectionist Past – Brazil
IV. High Costs of Incomplete Post-apartheid Transformation – South Africa
V. Corporate Governance, the State, and Economic Transitions
7 Conclusion
Index
