Business Groups and Financial Markets

A Weberian Analysis

Business & Finance, Economics, Theory of Economics
Cover of the book Business Groups and Financial Markets by Sandro Segre, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Sandro Segre ISBN: 9781351530347
Publisher: Taylor and Francis Publication: July 12, 2017
Imprint: Routledge Language: English
Author: Sandro Segre
ISBN: 9781351530347
Publisher: Taylor and Francis
Publication: July 12, 2017
Imprint: Routledge
Language: English

This work builds on the classical sociological contributions of Weber, Simmel, and Toennies, and makes the case for different and alternative ideal-typical models of business relations, which the author calls "English" and "German."

The "English" model of business relations is characterized by free competition between firms. They abide by the ethical rules of fair business and the moral economy in market exchanges. Their relations are accordingly based on mutual trust. As a rule, they do not cultivate privileged relations with political authorities.

By contrast, the "German" model involves hierarchical relations between a group's major firm and its smaller units. There is no moral community binding together the different groups, and therefore no mutual trust between them. Business groups maintain close relations, based on reciprocal favours, with authorities.

The author compares the London and New York Stock Exchanges in the late nineteenth century, finding the former better approximates the "English" model, and shows this model's superior performance. "English" model countries such as Taiwan have been shown to be more competitive in market exchanges than countries such as South Korea, which approximate the "German" model. A new epilogue makes use of more recent information and confirms Segre's arguments.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This work builds on the classical sociological contributions of Weber, Simmel, and Toennies, and makes the case for different and alternative ideal-typical models of business relations, which the author calls "English" and "German."

The "English" model of business relations is characterized by free competition between firms. They abide by the ethical rules of fair business and the moral economy in market exchanges. Their relations are accordingly based on mutual trust. As a rule, they do not cultivate privileged relations with political authorities.

By contrast, the "German" model involves hierarchical relations between a group's major firm and its smaller units. There is no moral community binding together the different groups, and therefore no mutual trust between them. Business groups maintain close relations, based on reciprocal favours, with authorities.

The author compares the London and New York Stock Exchanges in the late nineteenth century, finding the former better approximates the "English" model, and shows this model's superior performance. "English" model countries such as Taiwan have been shown to be more competitive in market exchanges than countries such as South Korea, which approximate the "German" model. A new epilogue makes use of more recent information and confirms Segre's arguments.

More books from Taylor and Francis

Cover of the book Best Practices in Planning Strategically for Online Educational Programs by Sandro Segre
Cover of the book Invitation to the Life Course by Sandro Segre
Cover of the book Human Resource Management in the British Armed Forces by Sandro Segre
Cover of the book Education and the Urban Crisis by Sandro Segre
Cover of the book Industrialization in the Gulf by Sandro Segre
Cover of the book Modern Homosexualities by Sandro Segre
Cover of the book The Modernist Legacy: Essays on New Music by Sandro Segre
Cover of the book Women's Health and Social Change by Sandro Segre
Cover of the book International Engagement in China's Human Rights by Sandro Segre
Cover of the book Educating for Peace in a Time of Permanent War by Sandro Segre
Cover of the book Being Present for Your Nursery Age Child by Sandro Segre
Cover of the book The Spirit of Sanity by Sandro Segre
Cover of the book Urban Markets by Sandro Segre
Cover of the book Schools for the Boys? by Sandro Segre
Cover of the book The Body Emblazoned by Sandro Segre
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy