Cash, Crisis, and Corporate Governance: The Role of National Financial Systems in Industrial Restructuring. By Victoria Marklew. Ann Arbor: University of Michigan Press, 1995. 260p. $44.50.

1996 ◽  
Vol 90 (3) ◽  
pp. 677-678
Author(s):  
Nikolaos Zahariadis
2016 ◽  
Vol 52 (1) ◽  
pp. 59-76
Author(s):  
Paweł Pisany

Abstract This article presents and assesses the methodology and results of a comparative analysis conducted by Bruno Amable in financial systems and corporate governance in the context of current policy and regulatory challenges. The article, which is based on a literature review and game theory examples, first describes and evaluates the methodology and final classification given by Amable. The role of Amable’s core concept; namely, institutional complementarity, is underlined. A game theory application in comparative institutional studies is then presented, including the author’s own “institutional game.” Finally, we assess Amable’s achievements in financial systems and corporate governance, concluding that they are valuable, innovative and useful despite some (perhaps justified) criticisms of the framework Amable used. In particular, the value of introducing institutional complementarity into comparative studies should not be underestimated. The analysis presented here suggests that Amable’s methodology may also be applicable when designing current financial reforms in the EU, especially European Capital Markets Union (CMU), because it can broaden policy maker’s horizons and promote consistent solutions.


1979 ◽  
Vol 4 (2) ◽  
pp. 161-176 ◽  
Author(s):  
S.R. Ganesh

Assistance and collaboration are the underlying themes of the three books reviewed in this article. These books also primarily represent the outputs of systematic introspection of the American partners, during the late sixties and the early seventies, of the institution building efforts for higher education in technology, agriculture, and management in India. The collaborations focused on transference of three models of higher education, namely the MIT model for technology, the land-grant university model for agriculture, and the business school model for management. The author reviews the general and specific contexts in which these institution building efforts were undertaken and analyses the processes of birth and development of the institutions and the role of foreign collaboration. Issues for institution building, in general, are raised and a case is made for grounding theory in this vital area of planned social change. Books Reviewed Hill, Thomas M.; Haynes, Warren, W.; and Baumgartel, Howard, with the collaboration of Paul, Samuel, Institution Building in India: A Study of International Collaboration in Management Education (Boston: Division of Research, Graduate School of Business Administration, Harvard University, 1973). Read, Hadley, Partners with India: Building Agricultural Universities (Urbana-Champaign: University of Illinois, College of Agriculture, 1974). Sebaly, Kim Patrick, The Assistance of Four Nations in the Establishment of the Indian Institutes of Technology, 1945-1970 (Ann Arbor: University of Michigan, Comparative Education Dissertation Series, 1972).


2002 ◽  
Vol 96 (4) ◽  
pp. 829-830
Author(s):  
John Williams

Political scientists have been fascinated with the role of the Federal Reserve in making monetary policy. It has long been recognized that the Fed has a tremendous amount of power for a regulatory agency that has so much independence from political bodies. Students of comparative monetary institutions have marveled at the contrast of United States policy to that of the rest of the world, with the exception of Germany's Bundesbank. Yet political scientists and economists continue to try to identify how politics shapes American monetary policy. Irwin Morris's book offers a major corrective to some of the flaws of earlier efforts.


2002 ◽  
Vol 96 (1) ◽  
pp. 247-248
Author(s):  
Barry J. Balleck

What is public opinion? In this aptly named book, authors Jacob Shamir and Michal Shamir attempt to address their perceived deficiencies in public opinion research by posing a new theoretical framework for the study of this important subject. Though hundreds of books, articles, and monographs have addressed public opinion, the authors contend that current theories of public opinion are too deterministic and that they fall short of explaining the full range of public opinion possibilities. Existing studies attempt to interpret public opinion on the basis of the observed outcomes—i.e., Why was a particular opinion expressed? What does it mean in the context of the instrument constructed to measure that opinion? The authors believe that to understand public opinion, one must come to understand the role of the information environment in which that opinion is located. In other words, Shamir and Shamir are not interested simply in the static outcomes of public opinion but in the environment in which that opinion is constructed. To this end, they propose a new theoretical construct by which to interpret it.


2001 ◽  
Vol 95 (2) ◽  
pp. 520-521
Author(s):  
Dan Reiter

In the past ten years there has been a burst of theoretical and empirical research on the topic of learning in international relations. Russell J. Leng's new book is the latest addition to this body of scholarship, and it builds on his past research on learning and crisis bargaining. Leng examines the role of learning in crisis bargaining strategies within ongoing, inter- national rivalries. He asks a series of questions, including: Do patterns of crisis behavior repeat from one crisis to the next?


2004 ◽  
pp. 129-140 ◽  
Author(s):  
M. Tretyakov

The article focuses on the analysis of the process of convergence of outsider and insider models of corporate governance. Chief characteristics of basic and intermediate systems of corporate governance as well as the changing role of its main agents are under examination. Globalization of financial and commodity markets, convergence of legal systems, an open exchange of ideas and information are the driving forces of the convergence of basic systems of corporate governance. However the convergence does not imply the unification of institutional environment and national institutions of corporate governance.


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