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020 _a9780801460326
_qPDF
024 7 _a10.7591/9780801460326
_2doi
035 _a(DE-B1597)9780801460326
035 _a(DE-B1597)515536
035 _a(OCoLC)1083587291
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHD2741
072 7 _aPOL023000
_2bisacsh
082 0 4 _a338.60943
084 _aonline - DeGruyter
100 1 _aCioffi, John
_eautore
245 1 0 _aPublic Law and Private Power :
_bCorporate Governance Reform in the Age of Finance Capitalism /
_cJohn Cioffi.
264 1 _aIthaca, NY :
_bCornell University Press,
_c[2018]
264 4 _c©2011
300 _a1 online resource (304 p.) :
_b4 halftones, 13 tables, 4 charts/graphs
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aCornell Studies in Political Economy
505 0 0 _tFrontmatter --
_tCONTENTS --
_tFIGURES AND TABLES --
_tACKNOWLEDGMENTS --
_t1. Corporate Governance Reform and the Age of Finance Capitalism --
_t2. Corporate Governance as juridical Nexus and the Politics of Reform --
_t3. Neoliberal Governance and the Neocorporatist Firm: Governance Models in the United States and Germany --
_t4. U.S. Corporate Governance Reform: Boom, Bust, and Backlash --
_t5. German Corporate Governance Reform: The Limits of Legal Transformation --
_t6. Governing the Ruins: The Global Financial Crisis and Corporate Governance --
_tConclusion: Legal Form and the Politics of Reform --
_tReferences --
_tCases --
_tStatutes, Regulations, and Regulatory Materials --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aIn Public Law and Private Power, John W. Cioffi argues that the highly politicized reform of corporate governance law has reshaped power relations within the public corporation in favor of financial interests, contributed to the profound crises of contemporary capitalism, and eroded its political foundations. Analyzing the origins of pro-shareholder and pro-financial market reforms in the United States and Germany during the past two decades, Cioffi unravels a double paradox: the expansion of law and the regulatory state at the core of the financially driven neoliberal economic model and the surprising role of Center Left parties in championing the interests of shareholders and the financial sector. Since the early 1990s, changes in law to alter the structure of the corporation and financial markets—two institutional pillars of modern capitalism—highlight the contentious regulatory politics that reshaped the legal architecture of national corporate governance regimes and thus the distribution of power and wealth among managers, investors, and labor. Center Left parties embraced reforms that strengthened shareholder rights as part of a strategy to cultivate the support of the financial sector, promote market-driven firm-level economic adjustment, and appeal to popular outrage over recurrent corporate financial scandals. The reforms played a role in fostering an increasingly unstable financially driven economic order; their implication in the global financial crisis in turn poses a threat to center-left parties and the legitimacy of contemporary finance capitalism.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 26. Apr 2024)
650 0 _aCorporate governance
_xLaw and legislation
_xGermany.
650 0 _aCorporate governance
_xLaw and legislation
_xUnited States.
650 0 _aCorporate governance
_xLaw and legislation
_zGermany.
650 0 _aCorporate governance
_xLaw and legislation
_zUnited States.
650 0 _aCorporate governance
_xPolitical aspects
_xGermany.
650 0 _aCorporate governance
_xPolitical aspects
_xUnited States.
650 0 _aCorporate governance
_xPolitical aspects
_zGermany.
650 0 _aCorporate governance
_xPolitical aspects
_zUnited States.
650 0 _aFinancial crises.
650 0 _aInternational finance.
650 4 _aLEGAL HISTORY & STUDIES.
650 4 _aPolitical Science & Political History.
650 7 _aPOLITICAL SCIENCE / Political Economy.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.7591/9780801460326
856 4 0 _uhttps://www.degruyter.com/isbn/9780801460326
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9780801460326/original
942 _cEB
999 _c197376
_d197376