This paper examines the process of refocusing on core competencies by large French and German firms. I compare two theories of comparative corporate governance on the question of refocusing: functional convergence and national institutionalist perspective. The empirical evidence presented in...

This chapter discusses how regulation affects corporate governance from a broad perspective. First, we present the two main theoretical perspectives on regulation, namely principal-agent and governance. These two perspectives provide interesting insights for the study of regulation in corporate...