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The second time as farce? : the EU takeover directive, the clash of capitalisms and the hamstrung harmonization of European (and French) corporate governance

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Clift, Ben. (2009) The second time as farce? : the EU takeover directive, the clash of capitalisms and the hamstrung harmonization of European (and French) corporate governance. Journal of Common Market Studies, Vol.47 (No.1). pp. 55-79. ISSN 0021-9886

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Official URL: http://dx.doi.org/10.1111/j.1468-5965.2008.00801.x

Abstract

This article focuses on the EU Takeover Directive and its transposition into French law. French outcomes diverge from European Commission aspirations for greater clarity and uniformity. The clash of European capitalisms as well as heightened uncertainty and differentiation in takeover regulation exacerbate problems of asymmetric vulnerability of EU states (and firms) to the European Commission's liberal reform agenda. This explains the failings of EU-level harmonization of varieties of capitalism and corporate governance.

Item Type:	Journal Article
Subjects:	J Political Science > JN Political institutions (Europe)
Divisions:	Faculty of Social Sciences > Politics and International Studies
Library of Congress Subject Headings (LCSH):	European Union countries -- Politics and government, Law -- France, Capitalism -- European Union countries, International organization
Journal or Publication Title:	Journal of Common Market Studies
Publisher:	Blackwell Publishing
ISSN:	0021-9886
Date:	January 2009
Volume:	Vol.47
Number:	No.1
Number of Pages:	25
Page Range:	pp. 55-79
Identification Number:	10.1111/j.1468-5965.2008.00801.x
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Open Access
Funder:	Sixth Framework Programme (European Commission) (FP6), University of Warwick. Dept. of Politics and International Studies
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URI:	http://wrap.warwick.ac.uk/id/eprint/28725