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Corporate Governance, Competition, and Political PartiesExplaining Corporate Governance Change in Europe$
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Roger M. Barker

Print publication date: 2010

Print ISBN-13: 9780199576814

Published to Oxford Scholarship Online: May 2010

DOI: 10.1093/acprof:oso/9780199576814.001.0001

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Introduction: Political Partisanship and the Puzzle of Corporate Governance Change in Europe

Introduction: Political Partisanship and the Puzzle of Corporate Governance Change in Europe

Chapter:
(p.1) 1 Introduction: Political Partisanship and the Puzzle of Corporate Governance Change in Europe
Source:
Corporate Governance, Competition, and Political Parties
Author(s):

Roger M. Barker

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199576814.003.0001

An increasingly shareholder–oriented approach to corporate governance has emerged in the nonliberal market economies of continental Europe over the last ten–fifteen years. However, Left parties have also enjoyed a strong presence in government during the same period. This presents a puzzle, as intuitive expectations regarding the economic policy preferences of political parties – and also Mark Roe's theory (2003) of the political determinants of corporate governance – imply that pro‐shareholder corporate governance reform is more likely to be a feature of conservative than Left government.

Keywords:   European corporate governance, partisanship, political parties, Left government, Conservative government, non‐liberal market economies, minority shareholders, blockholders

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