Publications - MPIfG
Publications - MPIfG
Publications - MPIfG
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36<br />
<strong>MPIfG</strong> Report 1999–2002<br />
Planck Institute for the Study of Societies) and Kozo<br />
Yamamura (University of Washington–Seattle) with <strong>MPIfG</strong><br />
research contributions from Philip Manow and Gregory Jackson.<br />
External participants include Robert Boyer (CEPREMAP,<br />
Paris), Ronald Dore (London School of Economics), Heidi<br />
Gottfried (Wayne State University), Erica Gould (Stanford<br />
University), Ulrich Jürgens (Wissenschaftszentrum Berlin für<br />
Sozialforschung – WZB), Peter Katzenstein (Cornell University),<br />
Herbert Kitschelt (Duke University), Stephen Krasner<br />
(Stanford University), Ikuo Kume (Kobe University), Gerhard<br />
Lehmbruch (Universität Konstanz), Jacqueline O’Reilly<br />
(WZB), T.J. Pempel (University of Washington–Seattle),<br />
Kathleen Thelen (Northwestern University), Sigurt Vitols<br />
(WZB), and Steven Vogel (Harvard University). The project<br />
was begun in June 1996 and completed in June 1999 with support<br />
of the Tamaki Foundation. Its results have been published<br />
in two edited volumes. Project duration: June 1996 to<br />
December 2001.<br />
Related project: Organizing the Firm<br />
Wolfgang Streeck, Kozo Yamamura (eds.)<br />
The End of Diversity? Prospects for German and Japanese<br />
Capitalism. Ithaca, NY: Cornell University Press, 2003, 401 pp.<br />
Wolfgang Streeck, Kozo Yamamura (eds.)<br />
The Origins of Nonliberal Capitalism: Germany and Japan in<br />
Comparison. Ithaca, NY: Cornell University Press, 2001, 304<br />
pp.<br />
The Impact of Capital Markets and<br />
Codetermination on the Investment Behavior<br />
of Large German Companies<br />
Rainer Zugehör<br />
This doctoral project investigates the impact of the capital<br />
market on the investment behavior of firms under conditions<br />
of codetermination. There are strong indications that changing<br />
capital markets have a large impact on the investment<br />
decisions of German companies. If this is true, what role does<br />
codetermination play in companies’ decisions? And how is<br />
codetermination affected by German companies’ reactions to<br />
the changes in the capital market? Codetermination might<br />
become less effective if there was a trend toward short-term<br />
investment, if companies increased their investment in financial<br />
assets, and if they concentrated on their core business<br />
instead of pursuing diversification. Empirically, the project<br />
draws on quantitative data from the 100 largest German companies<br />
and on case studies based on interviews. Project duration:<br />
January 1999 to December 2001.<br />
Main project: The Impact of Internationalization on German<br />
Industrial Relations<br />
Rainer Zugehör<br />
Zukunft des rheinischen Kapitalismus: Unternehmen zwischen<br />
Kapitalmarkt und Mitbestimmung. Opladen: Leske + Budrich,<br />
2003, 229 pp.<br />
Rainer Zugehör<br />
Mitbestimmt ins Kapitalmarktzeitalter? Restrukturierung bei<br />
VEBA AG und Siemens AG. In: Die Mitbestimmung, No. 5/<br />
2001, 50 Jahre Montan-Mitbestimmungsgesetz, 38–42 (2001)<br />
Anke Hassel, Martin Höpner, Antje Kurdelbusch, Britta Rehder,<br />
Rainer Zugehör<br />
Two Dimensions of the Internationalization of Firms. <strong>MPIfG</strong><br />
Working Paper 01/3. Cologne: Max Planck Institute for the<br />
Study of Societies, 2001. Online: <br />
Anke Hassel, Martin Höpner, Antje Kurdelbusch, Britta Rehder,<br />
Rainer Zugehör<br />
Zwei Dimensionen der Internationalisierung: Eine empirische<br />
Analyse deutscher Großunternehmen. In: Kölner Zeitschrift<br />
für Soziologie und Sozialpsychologie, Vol. 52, No. 3,<br />
500–519 (2000)<br />
Anke Hassel, Martin Höpner, Antje Kurdelbusch, Britta Rehder,<br />
Rainer Zugehör<br />
Dimensionen der Internationalisierung: Ergebnisse der Unternehmensdatenbank<br />
Internationalisierung der 100 größten<br />
Unternehmen in Deutschland. <strong>MPIfG</strong> Working Paper 00/1.<br />
Cologne: Max Planck Institute for the Study of Societies,<br />
2000. Online: <br />
Organizing the Firm: Corporate Governance<br />
in Germany and Japan<br />
Gregory Jackson<br />
This project examines the historical origins and contemporary<br />
transformation of corporate governance in Germany and<br />
Japan. Historically, how did Germany and Japan develop<br />
similar non-liberal corporate governance regimes relative to<br />
Anglo-Saxon models? And how has the diversity of national<br />
models evolved under the pressures of political and economic<br />
internationalization? Two sets of institutions are examined:<br />
those fostering “closed ownership” and patient capital, and<br />
those establishing rights of industrial citizenship giving<br />
employees voice in the corporation. Despite the historical<br />
strengths of the German and Japanese models, internationalization<br />
alters the capacity of states and organized social groups<br />
to shape corporate governance. Corporations now face growing<br />
constraints from financial markets that raise the question<br />
of convergence on an Anglo-Saxon model of the corporation,<br />
embodied in the concept of shareholder value. The project<br />
began in 1998 in conjunction with the <strong>MPIfG</strong> project<br />
“Germany and Japan: The Future of Nationally Embedded<br />
Capitalism in a Global Economy.” The results were submitted<br />
as a Ph.D. thesis at Columbia University (New York) in<br />
February 2001. Project duration: May 1998 to October 2001.<br />
Main project: Germany and Japan<br />
Gregory Jackson<br />
Corporate Governance in Germany and Japan: Liberalization