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The competition of international corporate governance systems--a German perspective.
Management International Review, July, 2004 by Witt, Peter
Abstract * Corporate governance theory deals with the optimal organization of management and control in companies with many stakeholders. Corporate governance systems are shaped by national laws, capital market requirements, and individual corporate decisions. * For historical reasons, there are large differences between international corporate governance systems.
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But due to the globalization of product, labor, and capital markets, a competition of international governance systems has evolved. In the long run, this competition will lead to a convergence of all systems, ...
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