Towards the Convergence of National Corporate Governance systems?
Some authors have argued that corporate governance systems of the main economies are likely to converge towards a unique and leading model. However, despite the continuous trend and adoption of corporate practices of the Anglo- Saxon and German-Japanese models by China, Germany and Japan, the notion...
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| Autor principal: | |
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| Formato: | Artículo |
| Idioma: | Inglés |
| Publicado: |
Universidad Externado de Colombia
2006
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| Acceso en línea: | http://dialnet.unirioja.es/servlet/oaiart?codigo=3623117 |
| Fuente: | Revista e-mercatoria, ISSN 1692-3960, Nº. 1, 2006, pags. 79-89 |
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| Sumario: |
Some authors have argued that corporate governance systems of the main economies are likely to converge towards a unique and leading model. However, despite the continuous trend and adoption of corporate practices of the Anglo- Saxon and German-Japanese models by China, Germany and Japan, the notion of convergence is unlikely to happen. Instead, there will a "hybrid model" which combines the most pivotal and remarkable features of both systems. This article briefly addresses and highlights the main characteristics of the Anglo-Saxon and German-Japanese models and also provides evidence that such convergence will not occur because of the diverse corporate culture practices embedded in each corporate governance system. |
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