The Economics and Politics of Corporate Governance in the European Union

41 Pages Posted: 28 May 2005

See all articles by Dennis C. Mueller

Dennis C. Mueller

University of Vienna - Center for Business Studies - Department of Economics

Date Written: May 2005

Abstract

Over the last 25 years the term "corporate governance" has entered the lexicon of economists and other students of business. This development has been accompanied by growing interest in differences in institutional structures - like corporate governance systems - across countries. Among the many questions regarding the effects of corporate governance systems that have been examined, one of the most important has been to measure the effects of corporate governance systems on corporate performance somehow measured, or more broadly the economic performance of countries. This paper reviews some of this evidence and takes up the questions of which system is "best," and whether this superiority is likely to lead to a convergence of corporate governance structures over time. With a few exceptions, most studies of the effects of corporate governance institutions treat them as exogenous. This paper also discusses the historical and political determinants of corporate governance institutions.

Keywords: corporate governance, investment performance

JEL Classification: G34, K22

Suggested Citation

Mueller, Dennis C., The Economics and Politics of Corporate Governance in the European Union (May 2005). ECGI - Law Working Paper No. 37/2005. Available at SSRN: https://ssrn.com/abstract=730366 or http://dx.doi.org/10.2139/ssrn.730366

Dennis C. Mueller (Contact Author)

University of Vienna - Center for Business Studies - Department of Economics ( email )

BWZ - Brünner Str.
A-1010 Vienna
Austria
+43 1 4277 37484 (Phone)
+43 1 4277 37498 (Fax)

HOME PAGE: http://mailbox.univie.ac.at/~muelled2/

Register to save articles to
your library

Register

Paper statistics

Downloads
1,357
rank
13,328
Abstract Views
4,157
PlumX Metrics
!

Under construction: SSRN citations will be offline until July when we will launch a brand new and improved citations service, check here for more details.

For more information