Labour regulation, corporate governance and legal origina: a case of institutional complementarity?
AbstractWe explore the finding of La Porta et al. that differences in Ôlegal originÕ account for part of cross-national diversity in labour regulation and corporate governance. We suggest that the finding needs a better historical grounding and that a mechanism which might explain it has not been adequately spelled out. In search of an explanation we focus on the role of complementarities between legal and economic institutions, and in particular the part played by the distinctive Ôlegal culturesÕ of the common law and civil law in setting national systems on separate pathways to economic development.
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Bibliographic InfoPaper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp312.
Date of creation: Sep 2005
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Web page: http://www.cbr.cam.ac.uk/
legal origin; complementarities; legal cultures; labour law; corporate governance.;
Find related papers by JEL classification:
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
- K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
- K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law
- J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
- J83 - Labor and Demographic Economics - - Labor Standards - - - Workers' Rights
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-19 (All new papers)
- NEP-CBE-2005-11-19 (Cognitive & Behavioural Economics)
- NEP-FIN-2005-11-19 (Finance)
- NEP-HRM-2005-11-19 (Human Capital & Human Resource Management)
- NEP-REG-2005-11-19 (Regulation)
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