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001 0042710502537
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008 100427s2000 xx ||||gr |0|| 0 eng d
100 1 _aDEEG, Richard
_939722
245 1 0 _aInternational capital mobility and domestic institutions :
_bcorporate finance and governance in four european cases
260 _aMalden :
_bWiley-Blackwell,
_cApril 2000
520 3 _aThis article considers the impact of international capital mobility on thecharacter of corporate finance and corporate governance in four European countries (Germany, France, Spain, and Italy). We take issue with the widespread view that the growth of international financial markets and the lifting of capital controls will in themselves produce convergence in national systems of corporate finance and governance. Although we find evidence of convergence in specific aspects of financial regulation (e.g., the abandonment of selective credit regulation and the dismantling of barriers to universal banking), these regulatory changes have not produced any clear convergence toward either the Anglo-Saxon model of corporate finance and governance predicted in much of the literature or the alternative German bank-based model. The reasons for this, we suggest, have much to do with the way in which the politics of financialreform are likely to differ from those postulated in market-driven models of regulatory change and the fact that countries are susceptible to international pressures in different ways.
700 1 _aPEREZ, Sofia
_939723
773 0 8 _tGovernance: An International Journal of Policy, Administration, and Institutions
_g13, 2, p. 119-153
_dMalden : Wiley-Blackwell, April 2000
_xISSN 09521895
_w
942 _cS
998 _a20100427
_b1050^b
_cDaiane
998 _a20100428
_b1644^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c32634
_d32634
041 _aeng