The Second Time as Farce? The EU Takeover Directive, the Clash of Capitalisms and the Hamstrung Harmonization of European (and French) Corporate Governance*
TLDR
In this paper, the authors focus on the EU Takeover Directive and its transposition into French law, arguing that the clash of European capitalisms as well as heightened uncertainty and differentiation in takeover regulation exacerbate problems of asymmetric vulnerability of EU states and firms.Abstract:
This article focuses on the EU Takeover Directive and its transposition into French law. French outcomes diverge from European Commission aspirations for greater clarity and uniformity. The clash of European capitalisms as well as heightened uncertainty and differentiation in takeover regulation exacerbate problems of asymmetric vulnerability of EU states (and firms) to the European Commission's liberal reform agenda. This explains the failings of EU-level harmonization of varieties of capitalism and corporate governance.read more
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Comparative and International Corporate Governance
Ruth V. Aguilera,Gregory Jackson +1 more
TL;DR: In this article, the authors examine the state of the art in comparative and international corporate governance by identifying the key research questions, main concepts, and paradigms of explanations of cross-country diversity in corporate governance.
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Journal ArticleDOI
Comparative and International Corporate Governance
Ruth V. Aguilera,Gregory Jackson +1 more
TL;DR: The state of the art in comparative and international corporate governance by identifying the key research questions, main concepts, and paradigms of explanations of cross-country diversity in corporate governance is examined in this article.
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State Ownership and Corporate Governance
TL;DR: In this paper, the authors explore the impact of state ownership on corporate governance and propose institutional arrangements to constrain the influence of the state's interests as a shareholder on the corporate governance environment and concludes by offering several policy recommendations.
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Taking stock: a review of quantitative studies of transposition and implementation of EU law 1
TL;DR: In this paper, the authors present a literature review of all quantitative (statistical) studies of compliance with EU law and make use of a new online database http://www.eif.oeaw.ac.at/implementation/ which presents a detailed and comprehensive overview and classification of the existing quantitative research on transposition and implementation of EU directives in the member states.
References
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Varieties of Capitalism
Peter A. Hall,David Soskice +1 more
TL;DR: A number of schemas have been proposed to explain why countries have often been able to secure substantial rates of growth in different ways, often with relatively egalitarian distributions of income as discussed by the authors.
An Introduction to Varieties of Capitalism
Peter A. Hall,David Soskice +1 more
TL;DR: In this article, the authors propose a new framework for understanding the institutional similarities and differences among the developed economies, one that offers a new and intriguing set of answers to 1111 211 3 4 5 6 7 8 9 10111 1 211 34 5 67 8 9 20111 1 2 3 4 4 56 7 89 20111 2 1.
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Mergers and the Market for Corporate Control
TL;DR: In this article, it was suggested that a failing company defense may be unavailable when a large corporation is making the acquisition, or when there is any chance of absorption by a non-competing firm, and when the acquired company has not "failed" enough.
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OECD Principles of Corporate Governance
TL;DR: The OECD Secretary-General as discussed by the authors has said that trust and integrity play an essential role in economic life and for the sake of business and future prosperity, it has to be ensured they are properly rewarded.