lnu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Conceptions of Ownership structures and the Unresponsive regulation: the case of Swedish corporate governance reform
Växjö University, Faculty of Humanities and Social Sciences, School of Management and Economics. Ekonomistyrning. (Corporate governance)
Växjö University, Faculty of Humanities and Social Sciences, School of Management and Economics. Ekonomistyrning. (Corporate governance)
2007 (English)Conference paper, Published paper (Refereed)
Abstract [en]

Since the EC-commission issued the so-called Winter-report a number of corporate governance reforms have been implemented around Europe. International competition over fast moving capital is said to pose great pressure on the corporate governance systems. Therefore, the regulation of the corporate governance systems has to be responsive (Ayres & Braithwaite, 1992) and there is a demand for new rules and new regulation. Sweden, as the empiric focus of this paper is no exception: recently a new Companies Act and a Code of Corporate Governance has been issued. The regulators have argued these changes from the position that the ownership situation of the publicly traded firm has evolved – from domestic and private to internationalised and institutionalised. Given the development pan-national stock markets in Europe this is an issue of common interest.

In this paper we argue that the range of the internationalised and institutionalised capital is overstated and that there therefore is a risk that the pressure for new regulation is overstated. Instead other reasons, more connected to political legitimacy of the states included in the common market, than the efficiency of the market lay behind the recent wave of governance reforms. This endanger that regulation might be issued that leaves the corporate governance system worse off than before. Also, as both ownership structures and the agenda for corporate governance reform is similar through out the whole continental EC (La Porta et al, 1999), these observation might pose a threat to the EC idea of creating a level playing field for European corporate governance (Wouster, 2000) and in the long run to the Lissabon strategy. The purpose of this paper is to utilize the Swedish Corporate Governance Code as a case study to detect flawed regulation due to distorted perceptions of e.g. the power of different interest groups or important tendencies in European ownership structures.

Place, publisher, year, edition, pages
2007. p. 22-
Keywords [en]
"repsonsive regulation", "code of conduct", "ownership"
National Category
Business Administration
Research subject
Economy, Ekonomistyrning
Identifiers
URN: urn:nbn:se:vxu:diva-4784OAI: oai:DiVA.org:vxu-4784DiVA, id: diva2:204742
Available from: 2007-11-28 Created: 2007-11-28 Last updated: 2010-03-10Bibliographically approved

Open Access in DiVA

No full text in DiVA

Authority records BETA

Jonnergård, KarinLarsson, Ulf

Search in DiVA

By author/editor
Jonnergård, KarinLarsson, Ulf
By organisation
School of Management and Economics
Business Administration

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 230 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf