The Transformation of Corporate Governance Regulation in Europe - Towards a Marketisation of Corporate Control?
Year: 2004
Type: article
Abstract: The transformation of corporate governance has only recently come into the focus of the academic debate on the transformation of the varieties of capitalism in the European arena. While most studies still are either focused on a comparative analysis of the transformation of national systems of corporate governance or rather technical aspects of the changing configurations and mechanisms of corporate governance, analyses of the ongoing transformative political processes on the European level are still scarce. This research project is aimed at shedding some light on the often neglected essentially political dimension of the transformation of corporate governance regulation in the European Union. While to a certain extent drawing on the Varieties of Capitalism approach, the focus of this research is none the less not merely comparative. Rather, this research seeks to map out and explain the transformative processes of corporate governance regulation- in particular with regard to the market for corporate control as an important element of corporate governance- within the context of the European integration project. It does so by drawing on an analysis of these transformations which moves beyond state-centred and rational-choice accounts by paying attention to transnational actors as well as the structural factors that influence them and are in turn shaped by them. The struggle over the European Takeover Directive will serve as an empirical focal point to analyse the role of the EU in creating a European market for corporate control. This project is based within the research programme on the ʻTransnational Political Economy
Author: Laura Horn
Institution: Vrije Universiteit Amsterdam
Language: English
Topic: Corporate Governance and Law
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2122223288