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On The (Political) Origin Of ‘Corporate Governance’ Species

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  • Massimiliano Vatiero

Abstract

Although economies, business practices, and living standards have converged since WWII, corporate structures continue to differ among the advanced economies of the world. Looking at the diversity of corporate structures of large-sized firms around the world (and over time) would fascinate Charles Darwin. This work develops a critical review of the literature on political determinants of corporate governance through the Darwinian theory (including some Lamarckian aspects). As Darwin, in his work "On the Origin of Species", explicates the diversity of species of tortoises, finches, and iguanas of the Galapagos Islands, so Darwinism may contribute in understanding the origin and the persistence of corporate diversity. In particular, this article takes into account politics-driven variations, their inheritances, and the subsequent selection of advantageous "corporate" attributes.
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Suggested Citation

  • Massimiliano Vatiero, 2017. "On The (Political) Origin Of ‘Corporate Governance’ Species," Journal of Economic Surveys, Wiley Blackwell, vol. 31(2), pages 393-409, April.
  • Handle: RePEc:bla:jecsur:v:31:y:2017:i:2:p:393-409
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    File URL: http://hdl.handle.net/10.1111/joes.2017.31.issue-2
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    References listed on IDEAS

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    Cited by:

    1. Massimiliano Vatiero, 2017. "Learning from the Swiss Corporate Governance Exception," Kyklos, Wiley Blackwell, vol. 70(2), pages 330-343, May.

    More about this item

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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