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Labour regulation, corporate governance and legal origina: a case of institutional complementarity?

Author

Listed:
  • Simon Deakin
  • Beth Ahlering

Abstract

We 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.

Suggested Citation

  • Simon Deakin & Beth Ahlering, 2005. "Labour regulation, corporate governance and legal origina: a case of institutional complementarity?," Working Papers wp312, Centre for Business Research, University of Cambridge.
    • Handle: RePEc:cbr:cbrwps:wp312
    Note: PRO-2
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    Citations

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    Cited by:

    1. Priya P. Lele & Mathias M. Siems, 2007. "Diversity in Shareholder Protection in Common Law Countries," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 5(1), pages 3-9, 05.
    2. Simon Deakin, 2006. "'Capacitas': Contract Law and the Institutional Preconditions of a Market Economy," Working Papers wp325, Centre for Business Research, University of Cambridge.
    3. Priya P. Lele & Mathias M. Siems, 2009. "Shareholder Protection: A Leximetric Approach," Chapters, in: Thankom Gopinath Arun & John Turner (ed.), Corporate Governance and Development, chapter 10, Edward Elgar Publishing.
    4. Andrei Emil MOISE & Gabriela Ioana ROSCA, 2014. "Employees’ Rights In The Corporate Governance Context," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 3(1), pages 284-293, December.
    5. Corinne Perraudin & Héloïse Petit & Antoine Rebérioux, 2007. "Marché boursier et gestion de l'emploi : Analyse sur données d'entreprises françaises," Documents de travail du Centre d'Economie de la Sorbonne r07041, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.

    More about this item

    Keywords

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    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

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