The alchemy of finance -- Convergence in corporate governance -- Portfolio investors and the German model -- Geographical foundations of corporate governance -- Path dependence and transition -- Cross-listing and the market for governance -- Global financial markets as standard-setters -- The...

This volume investigates the durable nature of financial institutions, from the Middle Ages to the present day, and argues that reform should take place through innovation in institutional design rather than regulation.

Over the past 20 years, a widening gulf has appeared between the increasingly internationalized financing arrangements of the world’s leading corporations, and the persistence of nationally compartmentalized approaches to the study of corporate control. With direct studies of corporate control...