James Shinn

Peter A. Gourevitch

Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.

The New Global Politics of Corporate Governance

Political Power and Corporate Control

James Dobbins

The objective of a negotiated peace in Afghanistan has been firmly embraced by most of the potential parties to a treaty. However, arriving at an agreement about the sequencing, timing, and prioritization of peace terms is likely to be difficult, given the divergence in the parties' interests and objectives. The U.S. objective in these negotiations should be a stable and peaceful Afghanistan that neither hosts nor collaborates with terrorists.

A Primer

Afghan Peace Talks

"This book argues that Asia's transnational problems - once dismissed as distant "fires across the water" - are rudely forcing themselves onto the diplomatic agenda, and that governments on both sides of the Pacific are unprepared to deal with these harsh challenges to global governance."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

James Shinn

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