Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
Posted: 4 Jun 2010
There are 3 versions of this paper
Never Waste a Good Crisis: an Historical Perspective on Comparative Corporate Governance
Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
Date Written: December 2009
Abstract
Different economies at different times use different institutional arrangements to constrain the people entrusted with allocating capital and other resources. Comparative financial histories show these corporate governance regimes to be largely stable through time, but capable of occasional dramatic change in response to a severe crisis. Legal origin, language, culture, religion, accidents of history (path dependence), and other factors affect these changes because they affect how people and societies solve problems.
Suggested Citation: Suggested Citation
Randall K. Morck (Contact Author)
University of Alberta - Department of Finance and Statistical Analysis ( email )
2-32C Business Building
Edmonton, Alberta T6G 2R6
Canada
780-492-5683 (Phone)
780-492-3325 (Fax)
Register to save articles to
your library
