Beyond corporate governance: why a new approach to the study of corporate law is needed to address global inequality and economic development
Dan Danielsen
Chapter 29 in Research Handbook on Law and Political Economy, 2025, pp 505-514 from Edward Elgar Publishing
Abstract:
For 40 years or more, corporate law scholars the world over have focused on issues of ‘corporate governance’ understood as the study of the rules concerning the internal allocation of power and decision-making authority among shareholders and managers in a single firm, and its global corollary ‘comparative corporate governance’ focused on the impact of domestic corporate governance rules on share ownership patterns in different countries. Scholars of corporate law and development, in turn, have focused on whether there are ‘best practice’ corporate governance rules that are more conducive to the promotion of national champions, or the proliferation of small and medium-sized businesses, or the attraction of foreign direct investment, or the promotion of the productive efficiency of individual domestic firms or that increase the efficiency of domestic capital markets.
Keywords: Corporate power; Inequality; Corporate governance; Global value chains; Economic development; Textile industry (search for similar items in EconPapers)
Date: 2025
ISBN: 9781803921181
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