본문 바로가기
KERD
논문KCI 등재

기업지배구조 수렴론 비판: 국제기준/모범규준의 역사적 및 규범적 함의

A Critique of Corporate Governance Convergence Thesis: Historical and Normative Implications of Global Standards/Best Practices

이왕휘
극동문제연구소 (THE INSTITUTE FOR FAR EASTERN STUDIES)|2009.06|한국과 국제정치 (Korea and World Politics)|제25권 제2호|pp. 205-238|DOI 10.17331/kwp.2009.25.2.008

0

조회

0

다운로드

1

인용

0

참고문헌

키워드

기업지배구조Corporate Governance모범규준Best Practices국제기준수렴론다양성 유지론영미식 주주모델Convergence ThesisDiversity ThesisGlobal StandardsAnglo-American Shareholder Model
주제분류정치외교학

초록

이 글은 기업지배구조 수렴론 논쟁에서 나온 이론적 문제들을 검토한다. 수렴론자들은 소액주주의 권한을 잘 보장하는 영미식 주주모델이 가장 좋은 모델이며, 따라서 국제기준으로 채택되어져야 한다고 주장한다. 반면 다양성 유지론자들은 ‘좋은’ 모델은 하나가 아니며, 역사적 경로의존과 제도적 상보성 때문에 다른 정치경제제도를 가진 국가들이 단일한 제도를 채택하는 것은 매우 어렵다고 반박한다. 국제기준/모범규준으로 수렴이 되지 않는 측면을 설명하는 다양성 유지론과 달리, 이 글은 영미식 주주모델의 역사적 및 규범적 함의에 주목한다. 수렴론과 다양성 유지론은 영미식 주주모델을 시공간을 초월한 이념형으로 간주한다는 점에서는 차이가 없다. 그러나 현재와 같은 주주모델은 1980년대 이후 신자유주의적 경제정책의 결과이다. 또한 이 글은 다양성 유지론이 간과하는 수렴의 규범적 측면을 논구하였다. 소액주주의 권리를 가장 잘 보장한다고 평가되는 영미권 국가들조차 해외투자를 유치하기 위한 경쟁이란 명분하에 주주의 권리를 보장하는 여러 가지 규제를 완화시켰다. 수렴이 하향평균화로 귀결될 수 있다는 가능성은 수렴이 항상 바람직하지 않다는 사실을 의미한다. 이러한 수렴론 비판의 실천적 함의는 국제경제기구가 국제기준/모범규준으로 제시하는 영미식 기업지배구조 원칙들이 모든 국가들에 적용될 수 있는 보편타당한 규범이 아니라는 점에 있다.

Abstract

This article addresses the debate on the convergence of corporate governance that was triggered by Kraakman and Hansmann's 'The End of History for Corporate Law.' The convergence thesis argues that Anglo-American shareholder model is good because it protects shareholders' rights and that many countries have adopted the model since the 1990s. The persistence of diversity thesis, on the other hand, refutes that there are more than one good model and that path dependence and institutional complementarities make it difficult to transplant the model. Unlike the persistence of diversity thesis focusing on the obstacles to convergence, this article sheds light on the historical and normative implications of Anglo-American shareholder model. There is no difference between the two theses in that both regard the model as an historical ideal type. However, the current form of the shareholder model is a consequence of neoliberal economic policies since the 1980s. In addition, the persistence of diversity thesis overlooks the normative dimension of the convergence thesis. Convergence does not always lead to a race to the top. To attract foreign investment, many countries try to weaken regulations on shareholders' right, labour and environment. The policy implication of this article is that it would be very dangerous both to accept the Anglo-American shareholder model as global standards/best practices and to merely emulate the model without substantial modifications.

참고문헌 (154)

  1. 김용렬, ""기업지배구조 글로벌 스탠더드와 우리의 대응" in 한국 기업 지배구조의 현재와 미래" (2000), 미래경영개발연구원
  2. 이왕휘, "기업지배구조의 정치경제학: 주주모델에 대한 이론적 비판", 한국정치학회보, 40(3), pp.263~290 (2006), 한국정치학회
  3. 장세진, "외환위기와한국기업집단의변화: 재벌의흥망" (2003), 박영사
  4. 張夏準, "한국 금융위기 이후 기업구조조정에 대한 비판적 평가", 한국경제의 분석, 9(3), pp.255~304 (2003), 한국경제의 분석패널
  5. 趙英哲, "美國과 獨逸은 왜 달라졌나? : 所有 · 支配構造의 差異를 中心으로", 경제학연구, 50(2), pp.1~42 (2002), 한국경제학회
  6. Do U.S. Firms Have the Best Corporate Governance? A Cross-Country Examination of the Relation Between Corporate Governance and Shareholder Wealth, "Aggarwal, Reena", ECGI, ~, pp.145 (2007), 2007
  7. Aglietta, Michel, "Shareholder Value and Corporate Governance: Some Tricky Questions", Economy and Society, 29(1), pp.146~159 (2000)
  8. Aguilera, Ruth V., "Corporate Governance and Social Responsibility: A Comparative Analysis of the UK and the US", Corporate Governance, 14(3), pp.147~158 (2006)
  9. Aguilera, Ruth V., "The Cross National Diversity of Corporate Governance: Dimensions and Determinants", Academy of Management Review, 28(3), pp.447~465 (2003)
  10. Bebchuk, Lucian A., "The Case for Increasing Shareholder Power", Harvard Law Review, 118(3), pp.833~914 (2005)
  11. Bebchuk, Lucian A., "Vigorous Race or Leisurely Walk: Reconsidering the Competition Over Corporate Charters", Yale Law Journal, 112(3), pp.553~616 (2002)
  12. Bebchuk, Lucian A., "The Elusive Quest for Global Governance Standards", University of Pennsylvania Law Review (2009)
  13. Bebchuk, Lucian A., "A Theory of Path Dependence in Corporate Ownership and Governance", Stanford Law Review, 52(1), pp.127~170 (1999)
  14. Becht, Marco, "Corporate Governance in Europe: Competition versus Harmonization in Market Discipline Across Countries and Industries" (2004), MIT Press
  15. Berger, Suzanne, "National Diversity and Global Capitalism" (1996), Cornell University Press
  16. Berghe, Lutgart van den, "Corporate Governance in a Globalising World: Convergence or Divergence?: A European Perspective" (2002), Kluwer Academic Publishers
  17. Berglof, Erik, "Reforming Corporate Governance: Redirecting the European Agenda", Economic Policy, 12(24), pp.91~123 (1997)
  18. Bhagat, Sanjai, "Corporate Governance and Firm Performance", Journal of Corporate Finance, 14(3), pp.257~273 (2008)
  19. Bhagat, Sanjai, "The Promise and Peril of Corporate Governance Indices", Columbia Law Review, 108(8), pp.1803~1882 (2008)
  20. Boyer, Robert, "Is a Finance-led Growth Regime a Viable Alternative to Fordism?: A Preliminary Analysis", Economy and Society, 29(1), pp.111~145 (2000)
  21. Branson, Douglas M., "The Very Uncertain Prospect of ‘Global’ Convergence in Corporate Governance", Cornell International Law Journal, 34, pp.321~362 (2001)
  22. Corporate Governance and Regulation: Can There be Too Much of a Good Thing?, "Bruno, Valentina G.", World Bank Policy Research, ~, pp.No. 4140
  23. Cary, William L., "Federalism and Corporate Law: Reflection upon Delaware", Yale Law Journal, 83(4), pp.663~705 (1974)
  24. Ha-Joon Chang, "GLOBALIZATION, GLOBAL STANDARDS AND THE FUTURE OF EAST ASIA", Global Economic Review, 34(4), pp.363~378 (2005), 동서문제연구원
  25. Charkham, Jonathan, "Keeping Better Company: Corporate Governance Ten Years On" (2005), Oxford University Press
  26. Chausovsky, Jonathan, "State Regulation of Corporations in the Late Nineteenth Century: A Critique of the New Jersey Thesis", Studies in American Political Development, 21(1), pp.30~65 (2007)
  27. Chemmannur, Thoms J., "Competition and Cooperation among Exchanges: A Theory of Cross-listing and Endogenous Listing Standards", Journal of Financial Economics, 82(2), pp.455~489 (2006)
  28. Claessens, Stijn, "Corporate Governance and Development", World Bank Research Observer, 21(1), pp.91~122 (2006)
  29. Claessens, Stijn, "The Separation of Ownership and Control in East Asian Corporations", Journal of Financial Economics, 58(1), pp.81~112 (2000)
  30. Clarke, Thomas, "Haemorrhaging Tigers: The Power of International Financial Markets and the Weaknesses of Asian Modes of Corporate Governance", Corporate Governance, 8(2), pp.101~116 (2000)
  31. Coffee, Jr., "Racing Towards the Top?: The Impact of Cross-Listings and Stock Market Competition on International Corporate Governance", Columbia Law Review, 102(7), pp.1757~1831 (2002)
  32. Collier, Paul, "Convergence in European Corporate Governance: The Audit Committee Concept", Corporate Governance, 13(6), pp.753~768 (2005)
  33. Committee on Capital Markets Regulation, "Interim Report of the Committee on Capital Markets Regulation" (2006), Committee on Capital Markets Regulation
  34. Committee on Capital Markets Regulation 2007, "The Competitiveness of the U.S. Public Equity Market" (2007), Committee on Capital Markets Regulation
  35. Core, John E, "Does Weak Governance Cause Weak Stock Returns? An Examination of Firm Operating Performance and Investors’ Expectations", Journal of Finance, 61(2), pp.655~687 (2006)
  36. Corporate Governance Quality: Trends and Real Effects, "De Nicolo, Gianni", IMF, ~, pp.No. 06 (2006), 293
  37. Deakin, Simon, "Legal Diversity and Regulatory Competition: Which Model for Europe?", European Law Journal, 12(4), pp.440~454 (2006)
  38. Detomasi, David, "International Institutions and the Case for Corporate Governance: Toward a Distributive Governance Framework?", Global Governance, 8(4), pp.421~442 (2002)
  39. Doidge, Craig, "Has New York Become Less Competitive than London in Global Market? Evaluating Foreign Listing Choices over Time", Journal of Financial Economics, 91(3), pp.253~277 (2009)
  40. ker, Peter F., "Reckoning with the Pension Fund Revolution", Harvard Business Review, 69(2), pp.106~115 (1991)
  41. Economist, "Corporate Governance, Industrial Relations and Trends in Company-Level Restructuring in Europe: Convergence Towards the Anglo-American Model?", Industrial Relations Journal, 35(6), pp.518~535 (2004)
  42. Englander, Ernie, "The End of Managerial Ideology: From Corporate Social Responsibility to Corporate Social Indifference", Enterprise & Society, 5(3), pp.404~450 (2005)
  43. Esty, Daniel C., "Regulatory Co-opetition in Regulatory Competition and Economic Integration: Comparative Perspectives" (2001), Oxford University Press
  44. Frege, Carola M., "Varieties of Industrial Relations Research: Take-over, Convergence or Divergence?", British Journal of Industrial Relations, 43(2), pp.179~207 (2005)
  45. Fritsch, Stefan, "The UN Global Compact and the Global Governance of Corporate Social Responsibility: Complex Multilateralism for a More Human Globalisation?", Global Society, 22(1), pp.1~26 (2008)
  46. Froud, Julie, "Shareholder Value and Financialization: Consultancy Promises, Management Moves", Economy and Society, 29(1), pp.80~110 (2000)
  47. Gills, Barry K., "The Crisis of Postwar East Asian Capitalism: American Power, Democracy and the Vicissitudes of Globalization", Review of International Studies, 26(3), pp.381~403 (2000)
  48. Goergen, Marc, "Corporate Governance Convergence: Evidence from Takeover Regulation Reforms in Europe", Oxford Review Of Economic Policy, 21(2), pp.243~268 (2005)
  49. Gompers, Paul A., "Corporate Governance and Equity Prices", Quarterly Journal of Economics, 118(1), pp.107~155 (2003)
  50. Gordon, Jeffrey N., "The International Relations Wedge in the Corporate Convergence Debate in Con-vergence and Persistence in Corporate Governance" (2004), Cambridge University Press
  51. Gordon, Jeffrey N., "The Rise of Independent Directors in the United States, 1950-2005: Of Shareholder Value and Stock Market Prices", Stanford Law Review, 59, pp.1472~1500 (2007)
  52. Gordon, Jeffrey N., "2003, Are Corporate Governance Systems Converging?" (2003), University of Chicago Press
  53. Gordon, Jeffrey N., "Convergence and Persistence in Corporate Governance" (2004), Cambridge University Press
  54. Gourevitch, Peter A., "Political Power and Corporate Control: The New Global Politics of Corporate Governance" (2005), Princeton University Press
  55. Gugler, Klaus, "Corporate Governance and Globalization", Oxford Review of Economic Policy, 20(1), pp.129~156 (2004)
  56. Guillen, Mauro F., "The Limits of Convergence: Globalization and Organizational Change in Argentina, South Korea, and Spain" (2001), Princeton University Press
  57. Putting the Corporation in its Place, "Guinnane, Timothy W.", NBER, ~, pp.Working Paper, No. 13109 (2007)
  58. Hall, Peter A., "Varieties of Capitalism: The Institutional Foundations of Comparative Advantage" (2001), Oxford University Press
  59. Hansmann, Henry, "How Close is the End of History?", Journal of Corporation Law, 31(3), pp.745~751 (2006)
  60. Harbrecht, Paul P., "Corporation and The State in Anglo-American Law and Politics", Journal of Public Law, 10, pp.1~46 (1961)
  61. Harris, Simon, "National Cultural Values and the Purpose of Businesses", International Business Review, 17(1), pp.103~117 (2008)
  62. Heracleous, Loizos, "What is the Impact of Corporate Governance on Organisational Performance?", Corporate Governance, 9(3), pp.165~173 (2001)
  63. Horwitz, Morton J., "The History of the Public", Private Distinction, 1982, pp.130(6), 1423~1428
  64. Hubbard, R. Glenn., "An Action Plan for US Capital Markets", International Finance, 10(1), pp.91~99 (2007)
  65. Corporate Governance Reforms in the EU: Do They Matter and How?, "Ivaschenko, Iryna", IMF, ~, pp.No.08 (2008), 91
  66. Jacobs, Michael T., "Short-Term America: The Causes and Cures of Our Business" (1991), Harvard Business School Press
  67. Jacoby, Sanford M., "Corporate Governance in Comparative Perspective, Prospects for Convergence", Comparative Labor Law & Policy Journal, 22(1), pp.5~28 (2000)
  68. Jacoby, Sanford M., "The Embedded Corporation" (2004), Princeton University Press
  69. Jensen, Michael C., "Takeovers: Their Causes and Consequences", Journal of Economic Perspectives, 2(1), pp.21~48 (1988)
  70. Jensen, Michael C., "Eclipse of the Public Corporation", Harvard Business Review, 67(5), pp.61~75. (1989)
  71. Johnson, Simon, "Corporate Governance in the Asian Financial Crisis", Journal of Financial Economics, 58(1), pp.141~186 (2000)
  72. Julius, DeAnn, "Globalization and Stakeholder Conflicts: A Corporate Perspective", International Affairs, 73(3), pp.453~468 (1997)
  73. Kay, John, "Corporate Governance", National Institute Economic Review, 153(1), pp.84~107 (1995)
  74. Kester, W. Carl., "American and Japanese Corporate Governance in National Diversity and Global Capitalism" (1996), Cornell University Press
  75. Khanna, Tarun, "Globalization and Similarities in Corporate Governance: A Cross-country Analysis", Review of Economics and Statistics, 88(1), pp.69~90 (2006)
  76. Kim, Hwa-Jin, "Toward the ‘Best Practice’ Model in a Globalizing Market: Recent Developments in Korean Corporate Governance", Journal of Corporate Law Studies, 2, pp.345~366 (2002)
  77. Koehn, Daryl, "Evaluating the Evaluators: Should Investors Trust Corporate Governance Metrics Ratings?", Journal of Management and Governance, 9(2), pp.111~128 (2005)
  78. Kole, Stacey, "Deregulation, the Evolution of Corporate Governance Structure, and Survival", American Economic Review, 87(2), pp.421~425 (1997)
  79. Kraakman, Reinier H., "The End of History for Corporate Law", Georgetown Law Journal, 89(2), pp.439~468 (2001)
  80. La Porta, Rafael, "The Economic Consequences of Legal Origins", Journal of Economic Literature, 46(2), pp.285~332 (2008)
  81. Lane, Christel, "Changes in Corporate Governance of German Corporations: Convergence to the Anglo-American Model?", Competition & Change, 7(2), pp.79~100 (2003)
  82. Lazonick, William, "Maximizing Shareholder Value: A New Ideology for Corporate Governance", Economy and Society, 29(1), pp.13~35 (2000)
  83. Lehn, Kenneth, "Governance Indexes and Valuation: Which Causes Which?", Journal of Corporate Finance, 13(5), pp.907~928 (2007)
  84. Licht, Amir N., "The Mother of All Path Dependencies: Toward a Cross- Cultural Theory of Corporate Governance Systems", Delaware Journal of Corporate Law, 26(1), pp.147~205 (2001)
  85. Licht, Amir N., "Cross-Listing and Corporate Governance: Bonding or Avoiding?", Chicago Journal of International Law, 4(1), pp.141~163 (2003)
  86. Licht, Amir N., "Culture Rules: The Foundations of the Rule of Law and Other Norms of Governance", Journal of Comparative Economics, 35(4), pp.659~688 (2007)
  87. Lindblom, Charles E., "Politics and Markets: The World’s Political Economic Systems" (1977), Basic Books
  88. Listokin, Yair, "Interpreting Empirical Estimates of the Effect of Corporate Governance", American Law and Economics Review, 10(1), pp.90~109 (2008)
  89. Litvak, Kate, "The Effect of the Sarbanes-Oxley Act on Non-US Companies Cross-Listed in the US", Journal of Corporate Finance, 13(2), pp.195~228 (2007)
  90. Lorsch, Jay W., "Restoring Trust in American Business" (2005), MIT Press
  91. Mahoney, James, "Historical Context and Path Dependence in The Oxford Handbook of Contextual Political Analysis", pp.454~471 (2006), Oxford University Press
  92. Maier, Pauline, "The Revolutionary Origins of the American Corporation", William and Mary Quarterly, 50(1), pp.51~84 (1993)
  93. Martin, Didier, "New Delaware", Wall Street Journal, pp.21~23 (2007)
  94. McCahery, Joseph A., "Corporate Governance Regimes: Convergence and Diversity" (2002), Oxford University Press
  95. Micklethwait, John, "The Company: A Short History of a Revolutionary Idea" (2003), Modern Library
  96. Milhaupt, Curtis J., "Property Rights in Firms in Convergence and Persistence in Corporate Governance" (2004), Cambridge University Press
  97. Milhaupt, Curtis J., "Law & Capitalism: What Corporate Crises Reveal about Legal Systems and Economic Development aroundthe World" (2008), University of Chicago Press
  98. Mitton, Todd, "A Cross-firm Analysis of the Impact of Corporate Governance on the East Asian Financial Crisis", Journal of Financial Economics, 64(2), pp.215~241 (2002)
  99. Morck, Randall K., "The Global History of Corporate Governance: An Introduction in A History of Corporate Governance around the World: Family Business Groups to Professional Managers", pp.1~64 (2006), University of Chicago Press
  100. Mulherin, J. Harold., "Corporations, Collective Action and Corporate Governance: One Size Does not Fit All", Public Choice, 124(1), pp.179~204 (2005)
  101. Nam, Sang-Woo, "Corporate Governance in Asia: Recent Evidence from Indonesia, Republic of Korea, Malaysia, and Thailand" (2004), Asian Development Bank Institute
  102. O’Sullivan, Mary, "Corporate Governance and Globalization", Annals of the American Academy of Political and Social Science, 570(1), pp.153~172 (2000)
  103. O’Sullivan, Mary, "The Political Economy of Comparative Corporate Governance", Review of International Political Economy, 10(1), pp.23~72 (2003)
  104. Paredes, Troy A., "A Systems Approach to Corporate Governance Reform: Why Importing U.S. Corporate Law isn’t the Answer", William and Mary Law Review, 45, pp.1055~1157 (2004)
  105. Pinto, Arthur R., "Globalization and the Study of Corporate Governance", Wisconsin International Law Journal, 23(3), pp.477~504 (2005)
  106. Pistor, Katharina, "The Standardization of Law and Its Effect on Developing Economies", American Journal of Comparative Law, 50(2), pp.97~130 (2002)
  107. Pistor, Katharina, "The Evolution of Corporate Law: A Cross-Country Comparison", Journal of International Economic Law, 23(4), pp.791~871 (2003)
  108. Plender, John, "Mind the Gap: Why Business May Face a Crisis of Legiti macy", Financial Times (2008)
  109. Porter, Michael, "Capital Disadvantage: America’s Falling Capital Investment System", Harvard Business Review, 70(5), pp.65~82 (1992)
  110. Porter, Michael, "Fixing What Really Ails Japan", Foreign Affair, 78(3), pp.66~81 (1999)
  111. Rebèrioux, Antoine, "European Style of Corporate Governance at the Crossroads: The Role of Worker Involvement", Journal of Common Market Studies, 40(1), pp.111~134 (2002)
  112. Redding, Gordon, "Conditional Relevance of Corporate Governance Advice in the Context of Asian Business Systems", Asia Pacific Business Review, 10(3), pp.272~291 (2004)
  113. Reiter, Joakim, "Changing the Microfoundations of Corporatism: The Impact of Financial Globalisation on Swedish Corporate Ownership?", New Political Economy, 8(1), pp.103~126 (2003)
  114. Rhodes, Martin, "Capital Unbound? The Transformation of European Corporate Governance", Journal of European Public Policy, 5(3), pp.406~427 (1998)
  115. Ribstein, Larry E., "International Implications of Sarbanes-Oxley: Raising the Rent on U.S. Law", Journal of Corporate Law Studies, 3(2), pp.299~327 (2003)
  116. Robinson, Richard, "Looking Back on the Asian Crisis: The Question of Convergence", Asian Journal of Social Science, 31(2), pp.162~171 (2003)
  117. Rodrik, Dani, "Second-Best Institutions", American Economic Review, 98(2), pp.100~104 (2008)
  118. Roe, Mark J., "Some Differences in Corporate Structure in Germany, Japan, and the United States", Yale Law Journal, 102(8), pp.1927~2003 (1993)
  119. Roe, Mark J., "Political Determinants of Corporate Governance: Political Context, Corporate Impact" (2004), Oxford University Press
  120. Roe, Mark J., "Delaware Politics", Harvard Law Review, 118(8), pp.2491~2543 (2005)
  121. Romano, Roberta, "A Cautionary Note on Drawing Lessons from Compar ative Corporate Law", Yale Law Journal, 102(8), pp.2021~2037 (1993)
  122. Romano, Roberta, "The Sarbanes-Oxley Act and the Making of Quack Corporate Governance", Yale Law Journal, 114(7), pp.1521~1612 (2005)
  123. Rose, Paul, "The Corporate Governance Industry", Journal of Corporation Law, 32(4), pp.887~926 (2007)
  124. Rubach, Michael J., "Comparative Corporate Governance: Competitive Implications of an Emerging Convergence", Journal of World Business, 33(2), pp.167~184 (1998)
  125. Choon Yin Sam, "Corporate Governance Reforms in the Post-1997 Asian Crisis: Is There Really a Convergence to the Anglo-American Model?", Global Economic Review, 36(3), pp.267~285 (2007), 동서문제연구원
  126. Schmidt, Reinhard H., "Path Dependence, Corporate Governance and Complementarity", International Finance, 5(3), pp.311~333 (2002)
  127. Schumer, Charles E., "Sustaining New York’s and the US’ Global Financial Services Leadership", pp.2007, Bloomberg
  128. Shleifer, Andrei, "A Survey of Corporate Governance", Journal of Finance, 52(2), pp.737~783 (1997)
  129. Shonfield, Andrew, "Modern Capitalism: The Changing Balance of Public and Private Power" (1964), Oxford University Press
  130. Singh, Ajit, "Shareholder Value Maximisation, Stock Market and New Technology: Should the US Corporate Model Be the Universal Standard?", International Review of Applied Economics, 19(4), pp.419~437 (2005)
  131. Sison, Alejo Jose G., "The Cultural Dimension of Codes of Corporate Governance: A Focus on the Olivencia Report", Journal of Business Ethics, 27(1), pp.181~192 (2000)
  132. Skeel, David, "Icarus in the Boardroom: The Fundamental Flaws in Corporate America and Where They Came From" (2005), Oxford University 236 한국과 국제정치 Press
  133. Soederberg, Susanne, "The Promotion of ‘Anglo-American’ Corporate Governance in the South: Who Benefits from the New International Standard?", Third World Quarterly, 24(1), pp.7~27 (2003)
  134. Søndergaard Birkmose, Hanne, "Regulatory Competition and the European Harmonization Process", European Business Law Review, 17(4), pp.1075~1098 (2006)
  135. Special Study Group of the Committee on Federal Regulation of Securities, "Special Study on Market Structure, Listing Standards and Corporate Governance", Business Lawyer, 57(4), pp.1487~1567 (2002)
  136. Streeck, Wolfgang, "The Origins of Nonliberal Capitalism: Germany and Japan in Comparison" (2001), Cornell University Press
  137. Streeck, Wolfgang, "The End of Diversity?: Prospects for German and Japanese Capitalism" (2003), Cornell University Press
  138. Tavis, Lee A., "Corporate Governance and the Global Social Void", Vanderbilt Journal of Transnational Law, 35(2), pp.487~547 (2002)
  139. Thomas, L.G. III, "Competing Capitalisms: Capital Investment in American, German, and Japanese Firms", Strategic Management Journal, 20(8), pp.729~748 (1999)
  140. Thompson, Robert B., "Collaborative Corporate Governance: Listing Standards, State Law and Federal Regulation", Wake Forest Law Review, 38(3), pp.961~982 (2003)
  141. Vogel, Steven K., "The Crisis of German and Japanese Capitalism: Stalled on the Road to the Liberal Market Model?", Comparative Political Studies, 34(10), pp.1103~1133 (2001)
  142. Weimer, Jeroen, "A Taxonomy of Systems of Corporate Governance", An International Review, 7(2), pp.152~166 (1999)
  143. Williams, Cynthia A., "An Emerging Third Way?" (2005), The Erosion of Press
  144. Soederberg, Susanne, "The Promotion of ‘Anglo-American’ Corporate Governance in the South: Who Benefits from the New International Standard?", Third World Quarterly, 24(1), pp.7~27 (2003)
  145. Søndergaard Birkmose, Hanne, "Regulatory Competition and the European Harmonization Process", European Business Law Review, 17(4), pp.1075~1098 (2006)
  146. Special Study Group of the Committee on, "Special Study on Market Structure, Listing Standards and Corporate Governance", Business Lawyer, 57(4), pp.1487~1567 (2002)
  147. Streeck, Wolfgang, "The Origins of Nonliberal Capitalism: Germany and Japan in Comparison" (2001), Cornell University Press
  148. Streeck, Wolfgang, "The End of Diversity?: Prospects for German and Japanese Capitalism" (2003), Cornell University Press
  149. Tavis, Lee A., "Corporate Governance and the Global Social Void", Vanderbilt Journal of Transnational Law, 35(2), pp.487~547 (2002)
  150. Thomas, L.G. III, "Competing Capitalisms: Capital Investment in American, German, and Japanese Firms", Strategic Management Journal, 20(8), pp.729~748 (1999)
  151. Thompson, Robert B., "Collaborative Corporate Governance: Listing Standards, State Law and Federal Regulation", Wake Forest Law Review, 38(3), pp.961~982 (2003)
  152. Vogel, Steven K., "The Crisis of German and Japanese Capitalism: Stalled on the Road to the Liberal Market Model?", Comparative Political Studies, 34(10), pp.1103~1133 (2001)
  153. Weimer, Jeroen, "A Taxonomy of Systems of Corporate Governance", An International Review, 7(2), pp.152~166 (1999)
  154. Williams, Cynthia A., "An Emerging Third Way?: The Erosion of the Anglo-American Shareholder Value Construct", Cornell International Law Journal, 38(2), pp.493~551 (2005)

관련 논문AI추천

수렴과 다양성의 이분법을 넘어: 기업지배구조 국제기준론 비판이왕휘세종연구소 · 국가전략2012 · 제18권 제1호기업지배구조 개선을 위한 소수주주 권리확장에 관한 소고고은정법학연구소 · 홍익법학2020 · 제21권 제1호주주중심주의의 의의와 한계이동승한국경영법률학회 · 경영법률2012 · 제22권 제2호기업지배구조 개선과 사법적극주의-정부·기업 관계에 대한 역사적·비교법적 고찰을 중심으로신현탁사법발전재단 · 사법2017 · 제1권 제40호기업지배구조법제 형성에 관한 小考 - 최근의 의원발의 법률안을 소재로 검토 -안수현한국상사법학회 · 상사법연구2015 · 제34권 제3호기업지배구조 연구에 대한 소고강원한국재무관리학회 · 재무관리연구2014 · 제31권 제3호

이 간행물의 다른 논문 (7건)

한반도의 냉전 엔드게임(Endgame)과 북미대립장달중pp. 1-30‘한국체제’ 논쟁을 다시 생각한다: 87년 체제, 97년 체제, 08년 체제론을 중심으로손호철pp. 31-59헬싱키 틀(Helsinki Framework)의 성립과정 연구: 미국, 소련, 서유럽의 전략적 삼각관계를 중심으로서보혁pp. 61-88유럽연합 지역정책의 거버넌스 방식김학노pp. 89-117유엔글로벌컴팩의 성격과 발전방향: ‘사회책임(CSR)’과 ‘기업시민(Corporate Citizenship) 되기’ 대한 쟁점 검토를 통해서여현덕, 박정민pp. 119-147
원문 보기