Includes bibliographical references (pages 249-262) and index.
pt. 1. From Weber to the World Bank, and beyond -- The prevailing view : impact, assumptions, and problems -- Rethinking the relation between legal and economic development -- pt. 2. Institutional autopsies -- The Enron scandal : legal reform and investor protection in the United States -- The Mannesmann executive compensation trial in Germany -- The Livedoor bid and hostile takeovers in Japan : postwar law and capitalism at the crossroads -- Law, growth, and reform in Korea : the SK episode -- The China Aviation Oil episode : law and development in China and Singapore -- "Renationalizing" Yukos : law and control over natural resources in the Russian economy -- pt. 3. Implications and extensions -- Understanding legal systems -- Legal change -- Conclusion.
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Recent high-profile corporate scandals demonstrate challenges to the legal regulation of business practices in capitalist countries. Setting forth an analytic framework for understanding these problems, this work examines corporate governance crises in the US, China, Germany, Japan, Korea and Russia.