Corporate Governance and Great Recession: Germany’s Success in the Post-2008 World

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2014-02-20


Editor's Note: The following post comes to us from Pavlos E. Masouros of Leiden University, Leiden Law School.

Capitalism is abundant in contradictions that result in the production of crises. During such crises capital goes through devaluations that give rise to unemployment, bankruptcies and income inequality. The ability of a nation to resist the forces of devaluation depends on the array of institutional or spatio-temporal fixes it possesses, which can buffer the effects of the crisis, switch the crisis to other nations or defer its effects to the future. Corporate governance configurations in a given social order can function as institutional or spatio-temporal fixes provided they are positioned within an appropriate institutional environment that can give rise to beneficial complementarities.

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academic research comparative corporate governance & regulation financial crisis international corporate governance & regulation bargaining power central banking eu europe general governance germany governance institutions international governance labor markets pavlos masouros


June Rhee, Co-editor, HLS Forum on Corporate Governance and Financial Regulation,

Date tagged:

02/20/2014, 15:30

Date published:

02/20/2014, 09:25