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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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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 October 2021

Alternative Formulations of the Thesis

Alternative Formulations of the Thesis

(p.111) Chapter 15 Alternative Formulations of the Thesis
Political Determinants of Corporate Governance

Mark J. Joe

Oxford University Press

This chapter reformulates the social democracy thesis in several ways: as rent-seeking, as simple labor market micro-foundations interacting with ownership structures, as ownership concentration facilitating and not just originating in social democratic politics, as a craving for stability, and as a reflection of differing managerial utility functions.

Keywords:   social democracy thesis, rent-seeking, antagonism, micro-economic foundations, concentrated ownership, stability, managerial utility functions

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