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Governing Globalization? The State, Law, and Structural Change in Corporate Governance
Author(s) -
Cioffi John W.
Publication year - 2000
Publication title -
journal of law and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.263
H-Index - 48
eISSN - 1467-6478
pISSN - 0263-323X
DOI - 10.1111/1467-6478.00168
Subject(s) - globalization , corporate governance , state (computer science) , political economy , corporate law , economic system , market economy , political science , law , economics , management , algorithm , computer science
Current analysis of the ‘globalization’ of the activity of capitalist corporations tends to argue that the legal institutional frameworks of the nation state are of little importance in determining the governance of those corporations, and that the regulation of those corporations therefore is impossible. This view simply ignores the role that those frameworks do in fact play. In this paper, various styles of corporate governance are analysed in terms of the influence of the company law, financial market regulation, and employment law promulgated by nations or nation state groupings. Rather than the globalization of corporate governance reflecting the unimportance of the nation state, it reflects a change in the style of regulation.