The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism

Harun Kılıç

The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism

Öz

The legal form of the Modern Corporation inherent in the practiced Corporate Law in the US and UK and Germany have established and codified a working relationship between Corporate key players such as Managers/Directors and Shareholders by taking the conflicts among these players into consideration. E.g., the so called-Agency Theory. This paper analyses the Corporate legal framework and systems of US and Germany on a comparable basis together with pros and cons of Agency theory in the context of Shareholder versus Stakeholder Capitalism. Some policy conclusions are drawn for emerging countries to embolden their corporate legal structure.

Anahtar Kelimeler

Shareholder capitalism,stakeholder capitalism,corporate governance,agency theory; stewardship theory; shareholder primacy model; director primacy model

Kaynakça

Aguilera, R.V., Filatotchev, I., Gospel, H., Jackson, G. (2008), An organizational approach to comparative corporate governance: Costs, contingencies, and complementarities. Organization Science, 19(3), 475-492. Aksu, Ö. A. (1988). Halka Açık Anonim Şirketlerde Yönetim ve Kontrol. İstanbul: Unpublished Professorial Thesis. Alchian, A., & Demsetz, H. (1972). Production, Information Costs, and Economic Organization. American Economic Review, 62. DOI: http://dx.doi.org/10.1109/ EMR.1975.4306431. Argyris, C. (1973). Organization Man: Rational and Self-actualizing. Public Administration Review, 33. DOI: http://dx.doi. org/10.2307/975115. Asher, C. C., Mahoney, J. M., & Mahoney, J. T. (2005). Towards a Property Rights Foundation for Stakeholder Theory of the Firm. Journal of Management and Governance, 9. DOI: http://dx.doi.org/10.1007/ s10997-005-1570-2. Becht, M., Bolton, P., Roell, A. (2005), Corporate Governance and Control. ECGI Working Paper Series in Finance No. 2/2002. Berglof, E., Thadden, E.L.V. (1999), The Changing Corporate Governance Paradigm: Implications for Transititon and Developing Countries. Stockholme Institute of Transitions Economics. Berle, A.A., Means, G.C. (1932), The Modern Corporation and Private Property [Electronic Resource]. New York: Macmillan. Blair, M.M. (1995), Ownership and Control: Rethinking Corporate Governance for the Twenty-First Century. Washington, DC: The Brookings Institution Press.

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Derleme

Yazarlar

Harun Kılıç Bu kişi benim

Yayımlanma Tarihi

10 Nisan 2018

Gönderilme Tarihi

1 Ocak 2018

Kabul Tarihi

28 Şubat 2018

Yayımlandığı Sayı

Yıl 2017 Sayı: 72

IZ

https://izlik.org/JA33PZ98BL

Kaynak Göster

RIS / Bibtex

APA

Kılıç, H. (2018). The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism. Sosyal Siyaset Konferansları Dergisi, 72, 171-204. https://izlik.org/JA33PZ98BL

AMA

1.Kılıç H. The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism. Sosyal Siyaset Konferansları Dergisi. 2018;(72):171-204. https://izlik.org/JA33PZ98BL

Chicago

Kılıç, Harun. 2018. “The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism”. Sosyal Siyaset Konferansları Dergisi, sy 72: 171-204. https://izlik.org/JA33PZ98BL.

EndNote

Kılıç H (01 Nisan 2018) The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism. Sosyal Siyaset Konferansları Dergisi 72 171–204.

IEEE

[1]H. Kılıç, “The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism”, Sosyal Siyaset Konferansları Dergisi, sy 72, ss. 171–204, Nis. 2018, [çevrimiçi]. Erişim adresi: https://izlik.org/JA33PZ98BL

ISNAD

Kılıç, Harun. “The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism”. Sosyal Siyaset Konferansları Dergisi. 72 (01 Nisan 2018): 171-204. https://izlik.org/JA33PZ98BL.

JAMA

1.Kılıç H. The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism. Sosyal Siyaset Konferansları Dergisi. 2018;:171–204.

MLA

Kılıç, Harun. “The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism”. Sosyal Siyaset Konferansları Dergisi, sy 72, Nisan 2018, ss. 171-04, https://izlik.org/JA33PZ98BL.

Vancouver

1.Harun Kılıç. The Legal Systems of Germany and USA Regarding Share- and Stakeholder Capitalism. Sosyal Siyaset Konferansları Dergisi [Internet]. 01 Nisan 2018;(72):171-204. Erişim adresi: https://izlik.org/JA33PZ98BL