Capital Markets and Financial Politics
Preferences and Institutions
Dados Bibliográficos
| ID | 8246723 |
|---|---|
| Autores | Mark J Roe (autor correspondente) |
| Ano | 2012 |
| Volume | 7 |
| Fascículo | 1 |
| Data de publicação | 2012-01-19 |
| Peer Reviewed | Sim |
| Open Access | Não |
| Tipo | ARTICLE |
| Periódico | Capitalism and Society (JOURNAL) |
| Identificadores do periódico | ISSN: 1932-0213 • E-ISSN: 2194-6140 |
| Editora | Walter de Gruyter GmbH (PUBLISHER • DE) |
| DOI | 10.1515/1932-0213.1094 |
| OpenAlex | W2105445039 |
| Idioma | EN |
| Referências citadas | 42 |
For capital markets to function, political institutions must support capitalism in general and the capitalism of financial markets in particular. Yet capital markets’ shape, support, and extent are often contested in the polity. Powerful elements — from politicians to mass popular movements — have reason to change, co-opt, and remove value from capital markets. And players in capital markets have reason to seek rules that favor their own capital channels over those of others. How these contests are settled deeply affects the form, the extent, and the effectiveness of capital markets. And investigation of the primary political economy forces shaping capital markets can point us to a more general aspect of economic, political, and legal institutions. Much important work has been done in recent decades on the vitality of institutions. Less well emphasized thus far is that widely-shared, deeply-held preferences, often arising from current interests and opinions, can at times sweep away prior institutions or, less dramatically but more often, sharply alter or replace them. When they do so, old institutions can be replaced by new ones, or strongly modified. Preferences can at crucial times trump institutions, and how the two interact is well-illustrated by the political economy of capital markets
Capital (architecture · Capital market · Capitalism · Economic capital · Economic system · Economics · Financial capital · Financial market · Human capital · Market economy · Political economy · Political science · Politics · Polity · Banking stability, regulation, efficiency · Corruption and Economic Development · Global Financial Crisis and Policies · Law · Finance
Political Order in Changing Societies
Polyarchy
Modern Corporation and Private Property
The British Industrial Revolution in Global Perspective
The great reversals
The Political Economy of Corporate Governance
Why the rich may favor poor protection of property rights
The Regulation of Labor
The Colonial Origins of Comparative Development
Africa's Growth Tragedy
Theory of the firm
Fractionalization
Institutions, Institutional Change and Economic Performance
Quiet Politics and Business Power
Why is there no Socialism in the United States
Income distribution, political instability, and investment
Democracy and Redistribution
The politics of stock market development
Inequality does cause underdevelopment
The Myth of State Competition in Corporate Law
Rents and Their Corporate Consequences
Political Preconditions to Separating Ownership from Corporate Control
A Theory of Path Dependence in Corporate Ownership and Governance
A Pure Theory of Local Expenditures
The Political Economy of Corporate Control and Labor Rents
Constitutions and Commitment
Exiting a Lawless State
Electoral Institutions and the Politics of Coalitions
| Velocidade de citação | historical |
|---|---|
| Altamente citado | Não |