The Politicization of Corporate Governance: A Viable Alternative?

Tamar Groswald Ozery

Pages 43–94, https://doi.org/10.1093/ajcl/avac007

It is now well-established that different markets may develop different growth-supporting institutions that can give rise to public firms and set capital markets in motion. Yet, the paradigm view still holds local alternatives as merely stepping stones, a transitional passage toward achieving a deeper and more advanced market, at which point conventional legal and market institutions—modeled on Anglo-American corporate capitalism—are still held necessary.