The Position of the United States on the Northwest Passage: Is the Fear of Creating a Precedent Warranted?
In: Ocean development & international law, Band 44, Heft 1, S. 28-72
ISSN: 1521-0642
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In: Ocean development & international law, Band 44, Heft 1, S. 28-72
ISSN: 1521-0642
In: Studies in comparative international development, Band 47, Heft 1, S. 1-22
ISSN: 0039-3606
World Affairs Online
In: SEER: journal for labour and social affairs in Eastern Europe, Band 15, Heft 4, S. 493-507
ISSN: 1435-2869
In: Oxford review of economic policy, Band 27, Heft 4, S. 634-657
ISSN: 1460-2121
In: Willamette Journal of International Law and Dispute Resolution, Band 18, S. 1
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In: Publius: the journal of federalism, Band 39, Heft 3, S. 369-407
ISSN: 0048-5950
In: Diplomacy and statecraft, Band 14, Heft 4, S. 21-49
ISSN: 1557-301X
In: Diplomacy & statecraft, Band 14, Heft 4, S. 21-49
ISSN: 0959-2296
Recent scholarship on comparative corporate governance has produced a puzzle. While Berle and Means had assumed that all large public corporations would mature to an end-stage capital structure characterized by the separation of ownership and control, the contemporary empirical evidence is decidedly to the contrary. Instead of convergence toward a single capital structure, the twentieth century saw the polarization of corporate structure between two rival systems of corporate governance: A Dispersed Ownership System, characterized by strong securities markets, rigorous disclosure standards, and high market transparency, in which the market for corporate control constitutes the ultimate disciplinary mechanism; and A Concentrated Ownership System, characterized by controlling blockholders, weak securities markets, high private benefits of control, and low disclosure and market transparency standards, with only a modest role played by the market for corporate control, but with a possible substitutionary monitoring role played by large banks. An initial puzzle is whether such a dichotomy can persist in an increasingly competitive global capital market. Arguably, as markets globalize and corporations having very different governance systems are compelled to compete head to head (in product, labor, and capital markets), a Darwinian struggle becomes likely, out of which, in theory, the most efficient form should emerge dominant. Indeed, some have predicted that such a competition implies an "end to history" for corporate law. A rival and newer position – hereinafter called the "Path Dependency Thesis" – postulates instead that institutions evolve along path-dependent trajectories, which are heavily shaped by initial starting points and pre-existing conditions. In short, history matters, because it constrains the way in which institutions can change, and efficiency does not necessarily triumph.
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In: Diplomacy and statecraft, Band 2, Heft 3, S. 153-177
ISSN: 1557-301X
In: Politikon: South African journal of political science, Band 18, Heft 1, S. 3-27
ISSN: 1470-1014
In: Politikon: South African journal of political studies, Band 18, Heft 1: Local Government, S. 3-27
ISSN: 0258-9346
Versuch, auf der Basis zahlreicher Dokumentarquellen und Befragungen den Stand der schwarzen Kommunalverwaltungen in Südafrika zu bewerten: Geschichte und Entwicklung der schwarzen Lokalbehörden; politische, administrative und finanzielle Aspekte ihrer Arbeit; Beziehungen zur Zentral- und Provinzregierung, zu para-staatlichen und privaten Organisationen innerhalb ihres Einflußbereichs. Abschätzung der Bedeutung, die diese schwarzen Verwaltungen und außerparlamentarischen Township-Organisationen im anstehendenden Verhandlungsprozeß über die zukünftige politische und verfassungsmäßige Entwicklung Südafrikas einnehmen könnten. (DÜI-Hlb)
World Affairs Online
In: Politikon: South African journal of political studies, Band 18, Heft 1, S. 3
ISSN: 0258-9346
In: Publius: The Journal of Federalism, Band 39, Heft 3, S. 369-407
SSRN