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Comparative models of capitalism in the areas of financial system and corporate governance: the diversity of capitalism approach perspective
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| Veröffentlicht in: | International journal of management and economics 52(2016), 1 vom: Okt./Dez., Seite 59-76 |
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| Personen und Körperschaften: | |
| Titel: | Comparative models of capitalism in the areas of financial system and corporate governance: the diversity of capitalism approach perspective/ Paweł Pisany |
| Format: | E-Book-Kapitel |
| Sprache: | Englisch |
| veröffentlicht: |
2016
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| Gesamtaufnahme: |
: International journal of management and economics, 52(2016), 1 vom: Okt./Dez., Seite 59-76
, volume:52 |
| Schlagwörter: | |
| Quelle: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Zusammenfassung: | 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. |
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| ISSN: |
2543-5361
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| DOI: | 10.1515/ijme-2016-0027 |