Titlebook: Global Differences in Corporate Governance Systems; Theory and Implicati Markus Berndt Book 2002 Deutscher Universitäts-Verlag GmbH, Wiesba

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Evolutionary Model,s is separated in three parts. After the setup, it is first shown how the interaction of corporate governance and capital markets produces network effects that lead to a persistent coordination of corporate governance strategies between firms. In this section, the influence of law is taken as exogen

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gnificant convergence of ownership structures and regulations? What are the legislative requirements in the different systems? How does globalization affect the effectiveness of the institutional arrangements? Which system should be chosen by developing countries?..978-3-8244-7694-7978-3-322-81431-9

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Global Differences in Corporate Governance Systems978-3-322-81431-9

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https://doi.org/10.1007/978-1-4612-0773-3As discussed in section 5.3.2, concentrated control comprises of strategic investment into illiquid assets that provide specific utility for the controlling owner. As mentioned earlier on, the right of ownership to a share consists of two rights.