Corporate governance and trust:an international comparison
The referring corporate governance approach considers that the firm manager has a central position towards the other stakeholders (SH):shareholders, employees, financial creditors. These SH invest specific capital into the firm. The mechanisms protecting each SH's investment are compared within an international perspective. Trust exists when these mechanisms are incomplete. The American and German models are dominant. In Germany, the shareholders must grant an important trust to the firm manager whereas the financial creditors and the employees enjoy important protection mechanisms. In the US, the protection mechanisms play inverse roles.
|Date of creation:||Jul 2001|
|Publication status:||published in French, version française "Gouvernement d'entreprise et confiance:une comparaison internationale", in Revue d'économie financière, juillet 2001.|
|Note:||version française "Gouvernement d'entreprise et confiance:une comparaison internationale", publiée dans Revue d'économie financière, juillet 2001.|
|Contact details of provider:|| Postal: 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France|
|Order Information:|| Postal: Angèle Renaud, CREGO, 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France|
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