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Author: Sandro Segre
Publisher: Routledge
ISBN: 1351530348
Category : Business & Economics
Languages : en
Pages : 137
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Book Description
This work builds on the classical sociological contributions of Weber, Simmel, and Toennies, and makes the case for different and alternative ideal-typical models of business relations, which the author calls "English" and "German." The "English" model of business relations is characterized by free competition between firms. They abide by the ethical rules of fair business and the moral economy in market exchanges. Their relations are accordingly based on mutual trust. As a rule, they do not cultivate privileged relations with political authorities. By contrast, the "German" model involves hierarchical relations between a group's major firm and its smaller units. There is no moral community binding together the different groups, and therefore no mutual trust between them. Business groups maintain close relations, based on reciprocal favours, with authorities. The author compares the London and New York Stock Exchanges in the late nineteenth century, finding the former better approximates the "English" model, and shows this model's superior performance. "English" model countries such as Taiwan have been shown to be more competitive in market exchanges than countries such as South Korea, which approximate the "German" model. A new epilogue makes use of more recent information and confirms Segre's arguments.
Author: Sandro Segre
Publisher: Routledge
ISBN: 1351530348
Category : Business & Economics
Languages : en
Pages : 137
Get Book Here
Book Description
This work builds on the classical sociological contributions of Weber, Simmel, and Toennies, and makes the case for different and alternative ideal-typical models of business relations, which the author calls "English" and "German." The "English" model of business relations is characterized by free competition between firms. They abide by the ethical rules of fair business and the moral economy in market exchanges. Their relations are accordingly based on mutual trust. As a rule, they do not cultivate privileged relations with political authorities. By contrast, the "German" model involves hierarchical relations between a group's major firm and its smaller units. There is no moral community binding together the different groups, and therefore no mutual trust between them. Business groups maintain close relations, based on reciprocal favours, with authorities. The author compares the London and New York Stock Exchanges in the late nineteenth century, finding the former better approximates the "English" model, and shows this model's superior performance. "English" model countries such as Taiwan have been shown to be more competitive in market exchanges than countries such as South Korea, which approximate the "German" model. A new epilogue makes use of more recent information and confirms Segre's arguments.
Author: Sandro Segre
Publisher: Routledge
ISBN: 1351163469
Category : Social Science
Languages : en
Pages : 183
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Book Description
Moral economy, as a set of rules which regulate market transactions, has been the object of much research and debate since the 1980s; it has also been the focus of classical sociological authors such as Weber, Simmel and Toennies. Weber in particular examined the rules of the moral economy in the financial markets, and this volume sheds light on his contribution to the subject. The book formulates two models of business relations - one oligopolistic model, the other based on free competition - which are derived from Weber and Simmel's writings and which represent alternative instances of the moral economy. Empirical case studies in the form of South Korea and Taiwan are included to exemplify the two models and to highlight the consequences of adopting one model over the other. The volume also examines the conduct of actors in some of the leading financial markets, with reference to Weber's writings on the 19th century London and Berlin Stock Exchanges.
Author: Ms.Yu Shi
Publisher: International Monetary Fund
ISBN: 1498316352
Category : Business & Economics
Languages : en
Pages : 39
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Book Description
Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders’ credit supply shocks to their subsidiaries. An average of 16.7% local bank credit growth where corporate shareholders are located would increase subsidiaries investment by 1% of their tangible fixed asset value, which accounts for 71% (7%) of the median (average) investment rate among these firms. We argue that equity exchanges is one channel through which corporate shareholders transmit bank credit supply shocks to the subsidiaries and provide empirical evidence to support the channel.
Author: Asli M. Colpan
Publisher: Oxford Handbooks Online
ISBN: 019955286X
Category : Business & Economics
Languages : en
Pages : 828
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Book Description
This handbook provides a comprehensive analysis of business groups around the world. It focuses on the adaptive and competitive capabilities of business groups and their evolutionary dynamics, as well as considering the historical and theoretical contexts of business groups.
Author: Asli M. Colpan
Publisher: Oxford University Press
ISBN: 0198717970
Category : Business & Economics
Languages : en
Pages : 586
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Book Description
This volume aims to explore the evolution of large enterprises in today's developed economies in the West. It focuses on the economic institution of the business group and understanding the factors behind its rise, growth, resilience, and/or fall; its behavioural and organizational characteristics; and its contributions to economic development.
Author: Asli M. Colpan
Publisher: Oxford University Press
ISBN: 0191027839
Category : Business & Economics
Languages : en
Pages : 586
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Book Description
This volume aims to explore the long-term evolution of different varieties of large enterprises in today's developed economies. It focuses on the economic institution of business groups and attempts to comprehend the factors behind their rise, growth, struggle, and resilience; their behavioral and organizational characteristics; and their roles in national economic development. The volume seeks to enhance the scholarly and policy-oriented understanding of business groups in developed economies by bringing together state-of-the-art research on the characteristics and contributions of large enterprises in an evolutionary perspective. While business groups are a dominant and critical organization model in contemporary emerging economies and have lately attracted much attention in academic circles and business presses, their counterparts in developed economies have not been systematically examined. This book aims to fill this gap in the literature and is the first scholarly attempt to explore the evolutional paths and contemporary roles of business groups in developed economies from an internationally comparative perspective. In doing so, it argues that business groups actually rose to function as a critical factor of industrial dynamics in the context of Second Industrial Revolution in the late nineteenth century. They have adapted their characteristic roles and transformed to fit to the changing market and institutional settings. As they flexibly co-evolve with the environment, the volume shows that business groups can remain as a viable organization model in the world's most advanced economies today.
Author: Charles Albert Eric Goodhart
Publisher: MIT Press
ISBN: 9780262071673
Category : Business & Economics
Languages : en
Pages : 560
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Book Description
As economic advisor to the Bank of England for many years, C. A. E. Goodhart is uniquely positioned to assess the role of the central bank in the modern financial system. This book brings together twenty-one of his previously published articles dealing with the changing functions of central banks over time, recent efforts to maintain price stability, and debates over specific financial regulation proposals in the UK. Although the current day-to-day operations of central banks are subject to continuous comment and frequent criticism, their structural role within the economic system as a whole has generally been accepted without much question, despite several attempts by economists in recent decades to challenge the value of the institution. C. A. E. Goodhart brings his knowledge of both the theoretical arguments and the actual working of central banks to bear in these essays. Part I looks at the general purposes and functions of central banks within the financial system and their evolution over time. Part II concentrates on the current objectives and operations of central banks, and the maintenance of price stability in particular. Part III analyzes the broader issues of financial regulation.
Author: Lawrence J. Gitman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 1455
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Book Description
Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.
Author: David Chambers
Publisher: CFA Institute Research Foundation
ISBN: 1944960163
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
Since the 2008 financial crisis, a resurgence of interest in economic and financial history has occurred among investment professionals. This book discusses some of the lessons drawn from the past that may help practitioners when thinking about their portfolios. The book’s editors, David Chambers and Elroy Dimson, are the academic leaders of the Newton Centre for Endowment Asset Management at the University of Cambridge in the United Kingdom.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264852395
Category :
Languages : en
Pages : 94
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Book Description
This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.
