Backlash

Article Abstract:

The role played by political backlashes resulting from laws affecting economies is important in explaining certain apparently inefficient laws and institutions. Law and economic theories often fail to take into account backlashes. Political outcomes can be explained by understanding decisionmakers' fears of backlash-caused instability and ultimate social wealth reduction. The interaction of backlashes with efficiency motivations may explain institutions and laws which otherwise would seem to be political errors or results of interest-group pressures.

Political aspects, Beliefs, opinions and attitudes, Economic development, Wealth, Law and economics, Law and economics (Jurisprudence)

---

Lifetime employment: labor peace and the evolution of Japanese corporate governance

Article Abstract:

Lifetime corporate employment in Japan came about after World War II as a means of achieving labor peace between corporations and unions. It is the weak external labor market resulting from lifetime employment, not lifetime employment itself, that allows corporations to comfortably invest in their employees' general and job-specific skills. The lack of job opportunities in the external labor market has the effect of lowering employee incentive and decreased employee mobility. The Japanese system stands in marked contrast to that of the US.

United States, Japan, Comparative analysis, Labor relations, Manpower policy, Employment stabilization

---

Foundations of corporate finance: the 1906 pacification of the insurance industry

Article Abstract:

Scandal in the insurance industry prompted the Armstrong investigation in New York, and in 1906 legislation was passed restricting its role as a financial institution, a development which influenced the US form of corporate governance. US popular suspicion of concentrated financial power has led to what is known as the Berle-Means type of corporation, in which ownership is fragmented and power is in the hands of managers.

Finance, Insurance industry, History, Corporations, Corporate finance

Similar abstracts:

• Abstracts: Employee plans: guidelines for the resolution of qualification violations. Administrative appeals of employee plan cases within the Internal Revenue Service
• Abstracts: Director liability under the federal securities laws. Executive compensation and corporate governance; an academic perspective
• Abstracts: Washington gets amendment fever: the 'new federalism' has Congress and the Supreme Court debating first principles
• Abstracts: Madrid agreements protect trademarks abroad; international alliances in addition to the new EC system help harmonize trademark law
• Abstracts: IRS proposes increased availability of nondiscrimination safe harbors. DOL provides reporting requirement relief for "top hat" plans

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.