Corporate Governance: Political and Legal Perspectives

Edited by Mark J. Roe, Professor of Law, Harvard Law School, US

’The capitalist economies of the developed world fall loosely into two highly divergent camps: one in which securities markets are robust and the ownership of large firms is broadly dispersed; the other in which securities markets are weak and ownership is highly concentrated. There is now a lively debate about the role of law in producing these diverse patterns. This volume brings together the foundational contributions to that debate, edited and introduced by one of the key participants. They are a must read for anyone who wishes to understand the relationship between law and the economic structure of modern societies.'

• Contents:AcknowledgementsIntroduction Political vs. Corporate Institutions as Explaining Western Securities Markets? Mark J. Roe1. Mark J. Roe (2003), Political Determinants of Corporate Governance: Political Context, Corporate Impact2. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert W. Vishny (1998), ‘Law and Finance’3. Raghuram G. Rajan and Luigi Zingales (2003), ‘The Great Reversals: The Politics of Financial Development in the Twentieth Century’4. Paul G. Mahoney (2001), ‘The Common Law and Economic Growth: Hayek Might Be Right’5. Henry Hansmann and Reinier Kraakman (2001), ‘The End of History for Corporate Law’6. Mark J. Roe (2004), ‘Explaining Western Securities Markets’Name Index