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Political Determinants of Corporate GovernancePolitical Context, Corporate Impact$
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Mark J. Roe

Print publication date: 2006

Print ISBN-13: 9780199205301

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199205301.001.0001

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(p.1) Introduction
Political Determinants of Corporate Governance

Mark J. Joe

Oxford University Press

This chapter provides a background of the study on corporate governance. Part I sets out that peace precedes production. Part II explores the tension between social democracy and the diffusely owned. Part III tests the political hypothesis with a simple statistical inquiry. Part IV narrates the relationships between social politics and corporate governance in seven of the world's richer nations. Part V examines the direction of the causality, inquiring how corporate and economic structures can induce political backlash. Part VI discusses the fit between the political theory and a leading academic theory. Part VII unifies two political theories, holding that a democratic polity does not easily accept powerful pro-shareholder institutions.

Keywords:   political conflict, peace, social conflict, corporate governance, causality, corporate law, political theory

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