Does Company Ownership Matter?

Edited by Jean-Philippe Touffut, Director, Cournot Centre, Paris, France

• Contents:PrefaceAbout the Series: Professor Robert M. SolowIntroductionJean-Philippe Touffut1. Ownership, Corporate Governance, Specialization and Performance: Interpreting Recent Evidence for OECD CountriesWendy Carlin2. Ownership Concentration, Employment Protection and Macroeconomic Performance: Making a Case for Interdependent Time-evolving InstitutionsDonatella Gatti3. The Impact of Shareholder Structure on Large Listed Companies in France: Time Horizons and ControlJean-Louis Beffa and Xavier Ragot4. Questioning the Legitimacy of Shareholder PowerChristophe Clerc5. Corporate Governance, Labour Relations and Human Resource Management in the UK and France: Convergence or Divergence?Simon Deakin and Antoine Rebérioux6. Corporate Social Responsibility as a Contractarian Model of Multi-stakeholder Corporate Governance: Normative Principles and Equilibrium PropertiesLorenzo Sacconi7. Round Table Discussion: Shareholder Rights in European Corporations: Impact on Economic PerformanceMargaret Blair, Jean-Paul Fitoussi, Gregory Jackson and Robert M. Solow (Chairman)Index

'The 2008 financial crisis has caused the validity of the shareholder-oriented model to be scrutinized. Was the model right? Was it just that the regulations were inadequate, or was it the financiers' greed? Should we not have earnestly searched for another model? Originally presented a year before the crisis, the papers in this volume did more than anticipate such debate. This book provides excellent food for thought for anyone interested in how to reconstruct the corporate economy.'