{"product_id":"public-law-and-private-power-corporate-governance-reform-in-the-age-of-finance-capitalism-hardback-9780801449048","title":"Public Law and Private Power; Corporate Governance Reform in the Age of Finance Capitalism (Hardback) 9780801449048","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003ePublic Law and Private Power\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eCorporate Governance Reform in the Age of Finance Capitalism\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJohn Cioffi (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780801449048\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 16 December 2010\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e304 pages\u003cbr\u003e23.5 x 15.5 x 2.4 cm, 0.907 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eFor a number of years, comparative corporate governance research has attempted to explain how politics influence the nature and evolution of corporate governance (CG) regimes. John W. Cioffi's latest book makes an important and topical contribution to this debate.... It will be of interest to scholars of CG, comparative lawyers and anyone interested in modern capitalism. Cioffi draws our attention to the importance of 'regulatory politics' in an era where legal density tends to increase. This is a timely corrective to the shifting focus in comparative political economy towards bottom-up (rule-taker driven) and incremental forms of institutional change.\u003c\/p\u003e (British Journal of Industrial Relations) \u003cp\u003eWhile other scholars recognized the inter-linkages among what were often seen previously as separate domains, Cioffi's nexus of law approach provides a new and promising alternative way to analyze systematically these inter-linkages.... Indeed, I think Cioffi's book should stand alongside it [\u003ci\u003ePolitical Power and Corporate Control\u003c\/i\u003e by Peter Gourevitch and James Shinn] as one of the most important monographs by political scientists on corporate governance. Aside from its theoretical contributions, the book contributes extensive and rich new empirical material to the literature, and the work on the Sarbanes-Oxley reform may be some of the best and most thorough on the topic anywhere,.\u003c\/p\u003e (Industrial and Labor Relations Review)\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eIn \u003c\/b\u003e\u003cb\u003e\u003ci\u003ePublic Law and Private Power\u003c\/i\u003e\u003c\/b\u003e\u003cb\u003e, 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. \u003c\/b\u003eAnalyzing 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. \u003c\/p\u003e \u003cp\u003eSince 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.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cornell University Press","offers":[{"title":"Brand New","offer_id":52541627662616,"sku":"9780801449048","price":36.88,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/freshlyprintedbooks.co.uk\/products\/public-law-and-private-power-corporate-governance-reform-in-the-age-of-finance-capitalism-hardback-9780801449048","provider":"Freshly Printed Books","version":"1.0","type":"link"}