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Europeanization and the Soft Law Process of EU Corporate Governance

How has the 2003 Action Plan Impacted on National Corporate Governance Codes

Bibliographic Data

ID6281945
AuthorsIdoya Ferrero Ferrero (Universitat Jaume I), Idoya Ferrero‐ferrero (0000-0002-0964-9223, Universitat Jaume I), Robert Ackrill (0000-0002-0739-1812, Nottingham Trent University, corresponding author)
Year2016
Volume54
Issue4
Pages878-895
Publication date2016-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJCMS Journal of Common Market Studies (JOURNAL)
Journal identifiersISSN: 0021-9886 • E-ISSN: 1468-5965
PublisherWiley (PUBLISHER • GB)
DOI10.1111/jcms.12344
OpenAlexW2229105272
LanguageEN
Citations received3
References cited40

Europeanization addresses the impacts of EU (European Union) membership on national politics and policies. Over time, new policy processes have been developed, such as the use of soft law and the open method of co‐ordination. What, though, are the consequences of these new processes for Europeanization? This article contributes to this under‐researched area by examining the extent to which EU soft law influences policy adoption at the national level. Our empirical application is corporate governance, an area of growing EU policy interest, with significant soft law elements. We analyse the extent to which the European Commission's 2003 plan to enhance corporate governance achieved its aim of ‘co‐ordinating corporate governance efforts of Member States’. Our quantitative analysis of 95 national codes issued over 1992–2010 suggests that the Action Plan did influence national policy‐making, but that the degree of national policy alignment depends on when the corporate governance code was issued, where, and by whom

Action (physics · Action plan · Business · Commission · Corporate governance · Corporate law · Economics · European union · Hard law · International law · International trade · Management · Multi-level governance · Political science · Politics · Soft law · Accounting · Corporate Governance and Law · European and International Law Studies · European Union Policy and Governance · Finance · Law · Public Administration

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Unique citing works3
Citations per year0,6
Citation span2021 - 2025 (5)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 3

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