Global Pressure, National System: How German Corporate Governance Is Changing - Cornell Studies in Political Economy (Hardback)
  • Global Pressure, National System: How German Corporate Governance Is Changing - Cornell Studies in Political Economy (Hardback)
zoom

Global Pressure, National System: How German Corporate Governance Is Changing - Cornell Studies in Political Economy (Hardback)

(author)
£47.00
Hardback 216 Pages / Published: 01/02/2007
  • We can order this

Usually despatched within 2 weeks

  • This item has been added to your basket
Will the pressures of financial and product market globalization force European firms to switch from a stakeholder-based model of corporate governance to a shareholder-based, Anglo-Saxon system? While many scholars of globalization have long assumed convergence toward the shareholder model, little empirical research on the firm level on this assumed dynamic exists.In Global Pressure, National System, which makes a strong case against convergence, Alexander Boersch focuses on the impact of globalization and regulatory changes on German corporate governance, which is widely seen as the prototype of a stakeholder system. Boersch presents the results of his in-depth research on three German firms that are to varying degrees exposed to financial and product market pressures: Siemens, Deutsche Telekom, and Bosch. Despite the pressures from financial markets and global competition, he finds that none of these firms have extensively restructured along Anglo-Saxon lines.Investigating the main dimensions of restructuring-financial, organizational, and portfolio restructuring-as well as internationalization strategies, Boersch finds that adaptation of selected features of shareholder-based governance is quite possible. However, because the prevailing product market strategies of German firms are solidly based on the stakeholder model, change will be limited to those elements that do not destroy the firms' competitive advantage. Hence, although these firms may alter some of their business practices in response to pressures from the global marketplace, their core institutions remain stable.

Publisher: Cornell University Press
ISBN: 9780801445361
Number of pages: 216
Weight: 510 g
Dimensions: 235 x 156 x 20 mm


MEDIA REVIEWS
"The great strength of Borsch's study is that it demonstrates that capitalism and markets do not exist outside of national culture to the extent htta mnay economists believe. Further, national and corporate culture cannot stop globalization, but culture is critical to how a firm or a society weathjers global pressures."-Peter Utgaard, German Studies Review
"Alexander Boersch uses changes in German corporate governance-illustrated by case studies of three very different firms-to assess arguments about institutional convergence in the advanced countries. Global Pressure, National System shows just how much managers are constrained by larger institutional factors. At the same time, by highlighting the heterogeneity of firms, Boersch builds valuable bridges between the historical institutionalists and the dynamic-capabilities approach from strategic management."-Nicholas Ziegler, University of California, Berkeley

You may also be interested in...

CfE Higher Business Management Course Notes
Added to basket
The Hard Thing About Hard Things
Added to basket
Leadership
Added to basket
DK
£5.99
Paperback
How Google Works
Added to basket
£10.99
Paperback
Leadership
Added to basket
£12.99   £9.99
Paperback
The Five Dysfunctions of a Team
Added to basket
How To Deal With Difficult People
Added to basket
Start a Small Business
Added to basket
The New One Minute Manager
Added to basket
Project Management
Added to basket
DK
£5.99
Paperback
Essentialism
Added to basket
£12.99
Paperback
How to Succeed with People
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.