Varieties of Corporate Governance: Comparing Germany and the UK

Vitols, Sigurt

doi:10.1093/0199247757.003.0010

Cited by 182 publications

(108 citation statements)

References 269 publications

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“…In LMEs, where there is greater reliance on external labour markets to regulate the employment relationship, such arrangements are less in evidence. Managements' information-giving is directed at financial institutions rather than employees (Vitols, 2000).…”

Section: Country Effectsmentioning

confidence: 99%

The Influences on Direct Communication in British and Danish Firms: Country, ‘Strategic HRM’ or Unionization?

Croucher¹,

Gooderham²,

Parry³

2006

European Journal of Industrial Relations

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Section: Country Effectsmentioning

confidence: 99%

The Influences on Direct Communication in British and Danish Firms: Country, ‘Strategic HRM’ or Unionization?

Croucher¹,

Gooderham²,

Parry³

2006

European Journal of Industrial Relations

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“…According to Vitols (2001), rules governing takeovers and worker participation are thought to shape the comparative institutional advantages enjoyed by companies in Germany and the UK. The finding that transnational cohesion among German and British employers differed across these issues suggests that multilevel governance may contribute to the hybridization of national production regimes.…”

Section: Resultsmentioning

confidence: 99%

Constrain-Thy-Neighbor Effects as a Determinant of Transnational Interest Group Cohesion

Callaghan

2010

Comparative Political Studies

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Helen Callaghan is a researcher at the Max Planck Institute for the Study of Societies. callaghan@mpifg.deMPIfG Discussion Papers are refereed scholarly papers of the kind that are publishable in a peer-reviewed disciplinary journal. Their objective is to contribute to the cumulative improvement of theoretical knowledge. The papers can be ordered from the institute for a small fee (hard copies) or downloaded free of charge (PDF). AbstractThis article identifies conditions for transnational interest group cohesion by examining German and British employer positions on EU company law proposals. Employers were divided over proposals on takeover bids but formed a united front against proposals on worker participation. I argue that divergent "constrain-thy-neighbor effects" contribute to explaining the observed variation. Actors consider not only how it affects them if they themselves are subjected to an EU law. They also consider how it affects them that the same law will apply abroad. Positive constrain-thy-neighbor effects weaken transnational cohesion. Negative constrain-thy-neighbor effects reinforce it. This argument and analytic framework could be applied to many issues beyond the realm of company law, and to all actors confronted with proposals for cross-border cooperation, including not just employers, but also governments, unions, and a broad range of organized interests. By attending to the multidimensionality of actors' decision-making calculus, the article advances the materialist literature on preference formation in two ways. It bridges the artificial chasm between class-centered and firm-centered perspectives, and it shows how interaction between national and international institutions shapes preferences and cleavages.

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“…It has been argued in the extant literature on comparative capitalism that CMEs and LMEs, which German and UK economies represent respectively, are fundamentally different in such areas as ownership patterns, financial institutions, corporate governance, industrial relations and employee representation (Vitols, 2001). Following this broad-brush typology of the UK and German institutional contexts, respectively, therefore, this research proposes that:…”

Section: Developing Propositionsmentioning

confidence: 99%

“…These shareholders are mainly banks, that the German economy has aptly been described as the 'bank-based-economy' (Amable, 2003;Fiss and Zajac, 2004). Arguably, one of the primary reasons for these banks to have stakes (or buy shares) in the firms they support is to protect their loans and not necessarily to earn income from them (Vitols, 2001). In addition to the different investment profiles of shareholders in the two economies, shareholding in the UK is known to be rather dispersed while share ownership in Germany is concentrated.…”

Section: Developing Propositionsmentioning

confidence: 99%

Neither National Boundaries Nor Transnational Social Spaces: Accounting for Variations of CSR Practices in Varieties of Capitalism

Amaeshi

2008

SSRN Journal

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The paper empirically re-examines the role of national institutions and trans-national social spaces in accounting for variations in CSR practices. Based on a longitudinal study of corporate social reporting in UK and Germany, the paper concludes that corporate stakeholder salience patterns are outcomes of interaction effects between national institutional boundaries and trans-national social spaces. It pushes the institutionalist frontier of research to corporate stakeholder salience -which is a precursor and intrinsic to both corporate accountability and corporate social responsibility. In addition, it opens a new vista of looking at corporate social reports -i.e. not only as artefacts of accountability, but also carriers and reflectors of national and trans-national characteristics and influences. The paper finally highlights implications of the findings for CSR and comparative capitalism research, respectively.

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Varieties of Corporate Governance: Comparing Germany and the UK

Cited by 182 publications

References 269 publications

The Influences on Direct Communication in British and Danish Firms: Country, ‘Strategic HRM’ or Unionization?

The Influences on Direct Communication in British and Danish Firms: Country, ‘Strategic HRM’ or Unionization?

Constrain-Thy-Neighbor Effects as a Determinant of Transnational Interest Group Cohesion

Neither National Boundaries Nor Transnational Social Spaces: Accounting for Variations of CSR Practices in Varieties of Capitalism

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