Quiet Politics and Business Power

Corporate Control in Europe and Japan

Nonfiction, Social & Cultural Studies, Political Science, International, Foreign Legal Systems, Business & Finance
Cover of the book Quiet Politics and Business Power by Pepper D. Culpepper, Cambridge University Press
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Author: Pepper D. Culpepper ISBN: 9780511861512
Publisher: Cambridge University Press Publication: November 22, 2010
Imprint: Cambridge University Press Language: English
Author: Pepper D. Culpepper
ISBN: 9780511861512
Publisher: Cambridge University Press
Publication: November 22, 2010
Imprint: Cambridge University Press
Language: English

Does democracy control business, or does business control democracy? This study of how companies are bought and sold in four countries - France, Germany, Japan and the Netherlands - explores this fundamental question. It does so by examining variation in the rules of corporate control - specifically, whether hostile takeovers are allowed. Takeovers have high political stakes: they result in corporate reorganizations, layoffs and the unraveling of compromises between workers and managers. But the public rarely pays attention to issues of corporate control. As a result, political parties and legislatures are largely absent from this domain. Instead, organized managers get to make the rules, quietly drawing on their superior lobbying capacity and the deference of legislators. These tools, not campaign donations, are the true founts of managerial political influence.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Does democracy control business, or does business control democracy? This study of how companies are bought and sold in four countries - France, Germany, Japan and the Netherlands - explores this fundamental question. It does so by examining variation in the rules of corporate control - specifically, whether hostile takeovers are allowed. Takeovers have high political stakes: they result in corporate reorganizations, layoffs and the unraveling of compromises between workers and managers. But the public rarely pays attention to issues of corporate control. As a result, political parties and legislatures are largely absent from this domain. Instead, organized managers get to make the rules, quietly drawing on their superior lobbying capacity and the deference of legislators. These tools, not campaign donations, are the true founts of managerial political influence.

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