Traditional corporate governance models in Western countries have been severely shaken by the still ongoing recession, whereas in developing countries backward and unrefined stakeholdership models have provided an involuntary shelter from financial shocks. Clan governance rotates around informal relationships, which concern also untitled land, intrinsically unfit for collateral lending. Comparison between the West and the Rest does not suggest automatic dominance of formal governance patterns, but rather painfully converging standards, under the centripetal influence of disordered globalization, which may flatten cultural differences, up to the point of spoiling valuable “biodiversities”.
|Numero di pagine||8|
|Rivista||CORPORATE OWNERSHIP & CONTROL|
|Stato di pubblicazione||Pubblicato - 2014|
- Family Governance
- Nexus of Contracts
- Poverty Traps
- Property Rights