The Financial System and Corporate Governance in Germany

Institutions and the Diffusion of Innovations

Bibliographic Data

ID6296142
AuthorsKirsten S Wever (Northeastern University), Christopher S Allen (0000-0002-6353-6000, University of Georgia)
Year1993
Volume13
Issue2
Pages183-202
Publication date1993-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Public Policy (JOURNAL)
Journal identifiersISSN: 0143-814X • E-ISSN: 1469-7815
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0143814x0000101x
OpenAlexW2139655060
LanguageEN
Citations received3
References cited13

Germany's economic resilience, even in the face of the extreme pressures of unification, cannot be explained by the neoclassical economic approach. Its social market institutions induce the major actors in the political economy to negotiate over the terms of economic and political adjustment in such a fashion as to diffuse innovative new organizational and institutional practices broadly and thoroughly throughout the economy and polity. The reorganization of the financial sector and the spread of new forms of workplace organization and corporate governance are used to illustrate this dynamic. The paper concludes with implications for how we think about regulation

Business · Corporate governance · Economic system · Economics · Face (sociological concept · Financial market · Financial sector · Flexibility (engineering · Institutional economics · Management · Market economy · Negotiation · Neoclassical economics · Political science · Politics · Polity · Psychological resilience · Sociology · Unification · Finance · Labor Movements and Unions

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