Which corporate governance model will reign becomes a matter of public debate. Convergence or divergence: evidence from the corporate governance literature. Convergence or divergence in corporate governance: Empirical evidence. European convergence or divergence: an evaluation by practitioners and academics. Divergence within a converging trend: a tentative framework for further analysis and discussion. Executive summary. Concluding remarks and suggestions for further reflection and research. Bibliography. Appendices.
Corporate Governance In A Globalising World: Convergence Or Divergence? presents a broad and multi-disciplinary debate on corporate governance systems by integrating academic viewpoints, statistical evidence, as well as field surveys. Based on a large number of publications and studies, the opinions of researchers are grouped into three categories: those that believe in a convergence into the direction of the market-oriented model (with the Anglo-American model as the reference base), those that opt for another type of convergence, namely in the direction of a hybrid corporate governance model (based on cross-reference between different leading governance models), and those that do not believe in global convergence but adhere to diversity of governance models.