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Open AccessJournal Article

Varieties of capitalism: the institutional foundations of comparative advantage

TLDR
In this paper, the authors highlight the role of business in national economies and show that there is more than one path to economic success, and explain national differences in social and economic policy.
Abstract
What are the most important differences among national economies? Is globalization forcing nations to converge on an Anglo-American model? What explains national differences in social and economic policy? This pathbreaking work outlines a new approach to these questions. It highlights the role of business in national economies and shows that there is more than one path to economic success.

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Journal ArticleDOI

Political Entrepreneurs and Co‐Managers: Labour Transnationalism at Four Multinational Auto Companies

TL;DR: This paper examined labour transnationalism within four multinational automakers and concluded that intensified worker-side cross-border co-operation has not prevented wage-based competition in general (due to the lack of between-firm co-ordination), it has reshaped employment relations within these multinational corporations.
Journal ArticleDOI

Mapping the business systems of 61 major economies: A taxonomy and implications for varieties of capitalism and business systems research

TL;DR: The authors analyzed the institutional structures of 61 major economies, accounting for 93.5% of 2013 world GDP at purchasing power parity, and found nine main types of business systems: Highly Coordinated, Coordinated Market, Liberal Market, European Peripheral, Advanced Emerging, Advanced City, Arab Oil-Based, Emerging, and Socialist Economies.
Journal ArticleDOI

Accounting for varieties of capitalism: The case against a single set of global accounting standards

TL;DR: In this paper, the authors argue that the optimal design of accounting standards may depend on the institutional characteristics of the political and economic system and that the forced adoption of a single form of accounting runs the risk of severely restricting the different forms of capitalism that can develop.
Book ChapterDOI

The Institutions of Corporate Governance

TL;DR: In this article, the authors outline the institutions of corporate governance decision-making in the large public firm in the wealthy West and summarize and conclude the central problems of Corporate Governance.