Labour regulation, corporate governance and legal origina: a case of institutional complementarity?

Simon Deakin and Beth Ahlering

Working Papers from Centre for Business Research, University of Cambridge

Abstract: We explore the finding of La Porta et al. that differences in Ôlegal originÕ account for part of cross-national diversity in labour regulation and corporate governance. We suggest that the finding needs a better historical grounding and that a mechanism which might explain it has not been adequately spelled out. In search of an explanation we focus on the role of complementarities between legal and economic institutions, and in particular the part played by the distinctive Ôlegal culturesÕ of the common law and civil law in setting national systems on separate pathways to economic development.

Keywords: legal origin; complementarities; legal cultures; labour law; corporate governance. (search for similar items in EconPapers)
JEL-codes: G38 J53 J83 K22 K31 (search for similar items in EconPapers)
Date: 2005-09
New Economics Papers: this item is included in nep-cbe, nep-fin, nep-hrm and nep-reg
Note: PRO-2
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp312

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