Corporate governance in Germany is often described as a bank-oriented, block-holder or stakeholder model where markets for corporate control have not played a significant role. This case study of the hostile takeover of Mannesmann AG by Vodafone in 2000 demonstrates how systemic changes during...

This article examines the role of ambiguity in processes of institutional change. One challenge for understanding institutional change is to overcome the rather "oversocialized" view of action within Institutional theory. Drawing upon recent work in sociology, the paper introduces a...

Recent work in comparative political economy has stressed that coordination of firm-specific investments is a necessary condition for the development of solidaristic policies promoting social welfare (Martin & Thelen 2007). In the absence of ‘macrocorporatism' firms will be unable to maintain...