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

  • Simon Deakin
  • Beth Ahlering
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    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.

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    Paper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp312.

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    Date of creation: Sep 2005
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    Handle: RePEc:cbr:cbrwps:wp312
    Note: PRO-2
    Contact details of provider: Web page: http://www.cbr.cam.ac.uk/

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