NBER Publications by Lloyd Steier
Working Papers and Chapters
| November 2005 | The Global History of Corporate Governance: An Introduction
with Randall Morck
in A History of Corporate Governance around the World: Family Business Groups to Professional Managers, Randall K. Morck, editor
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| January 2005 | The Global History of Corporate Governance: An Introduction
with Randall K. Morck: w11062
This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies underscore the importance of path dependence, often as far back into preindustrial period; legal system origin, though in a more nuanced form than mere statutory shareholder rights; and wealthy families. They also clarify the roles of ideologies, business groups, trust, institutional transplants, and politics in institutional evolution and financial development. Other themes are the universality of business insiders' investments in, entrenchment, and a possible behavioral basis for this. |
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