Quiet Politics and Business Power : Corporate Control in Europe and Japan
Book Details
Format
Hardback or Cased Book
Book Series
Cambridge Studies in Comparative Politics
ISBN-10
052111859X
ISBN-13
9780521118590
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 22nd, 2010
Print length
248 Pages
Weight
544 grams
Dimensions
16.40 x 24.00 x 2.30 cms
Product Classification:
Comparative politicsEconomics of industrial organisationOwnership & organization of enterprises
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The rules governing hostile takeovers have been fiercely contested since the 1990s, but such struggles rarely took place in parliaments. This book studies these political battles in four countries - France, Germany, Japan and the Netherlands.
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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