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'This is an important book, not only for those interested in corporate governance issues but also for those concerned with the power of corporations in modern society. It explains how the state actively constructed the framework that supported the rise of shareholder value in the European Union. Given the dominance of the corporate governance field by micro-level econometric studies, the book provides a much-needed historical perspective on one of the most important projects in post-world war II capitalism.' Sigurt Vitols, Senior Research Fellow WZB and Senior Researcher, ETUI, Brussels
In this superb book, Laura Horn has given us an incisive, carefully researched, and powerfully argued analysis of European corporate governance reform. Linking national and EU regulatory politics within the broader historical context of financial globalization, her integration of comparative and international political economy strips away the rhetoric of efficiency and 'free' markets to focus on power as the driver and the objective of corporate governance reform. John W. Cioffi, Associate Professor, University of California, Riverside