Thibault Darcillon, Économie politique de la libéralisation financière. Les réformes de dérégulation financière et de corporate governance dans les pays de l’OCDE
The dissertation proposes a cross-country analysis of financial deregulation reforms and corporate governance reforms in most of the OECD countries from 1970. Whereas standard models in economics tend to focus on efficiency effects this dissertation uses the institutional complementarity hypothesis...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2013-12-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/10366 |
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| _version_ | 1832577981505077248 |
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| author | Thibault Darcillon |
| author_facet | Thibault Darcillon |
| author_sort | Thibault Darcillon |
| collection | DOAJ |
| description | The dissertation proposes a cross-country analysis of financial deregulation reforms and corporate governance reforms in most of the OECD countries from 1970. Whereas standard models in economics tend to focus on efficiency effects this dissertation uses the institutional complementarity hypothesis to emphasize the impact of financial markets on labor market. Using panel data models empirical results thus indicate that financial reforms have strong distributive effects. Financial liberalization and the rise of institutional investors have directly affected the way of firms’ financing. It is argued that due to institutional complementarities the adoption of financial reforms is likely to affect the institutional equilibrium by modifying the balance of power between social groups. |
| format | Article |
| id | doaj-art-b25ff6b16e124fd1a92309c34e88ca8d |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2013-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-b25ff6b16e124fd1a92309c34e88ca8d2025-01-30T14:25:33ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962013-12-011410.4000/regulation.10366Thibault Darcillon, Économie politique de la libéralisation financière. Les réformes de dérégulation financière et de corporate governance dans les pays de l’OCDEThibault DarcillonThe dissertation proposes a cross-country analysis of financial deregulation reforms and corporate governance reforms in most of the OECD countries from 1970. Whereas standard models in economics tend to focus on efficiency effects this dissertation uses the institutional complementarity hypothesis to emphasize the impact of financial markets on labor market. Using panel data models empirical results thus indicate that financial reforms have strong distributive effects. Financial liberalization and the rise of institutional investors have directly affected the way of firms’ financing. It is argued that due to institutional complementarities the adoption of financial reforms is likely to affect the institutional equilibrium by modifying the balance of power between social groups.https://journals.openedition.org/regulation/10366financial liberalizationcorporate governanceinstitutional changeinstitutional complementarity |
| spellingShingle | Thibault Darcillon Thibault Darcillon, Économie politique de la libéralisation financière. Les réformes de dérégulation financière et de corporate governance dans les pays de l’OCDE Revue de la Régulation financial liberalization corporate governance institutional change institutional complementarity |
| title | Thibault Darcillon, Économie politique de la libéralisation financière. Les réformes de dérégulation financière et de corporate governance dans les pays de l’OCDE |
| title_full | Thibault Darcillon, Économie politique de la libéralisation financière. Les réformes de dérégulation financière et de corporate governance dans les pays de l’OCDE |
| title_fullStr | Thibault Darcillon, Économie politique de la libéralisation financière. Les réformes de dérégulation financière et de corporate governance dans les pays de l’OCDE |
| title_full_unstemmed | Thibault Darcillon, Économie politique de la libéralisation financière. Les réformes de dérégulation financière et de corporate governance dans les pays de l’OCDE |
| title_short | Thibault Darcillon, Économie politique de la libéralisation financière. Les réformes de dérégulation financière et de corporate governance dans les pays de l’OCDE |
| title_sort | thibault darcillon economie politique de la liberalisation financiere les reformes de deregulation financiere et de corporate governance dans les pays de l ocde |
| topic | financial liberalization corporate governance institutional change institutional complementarity |
| url | https://journals.openedition.org/regulation/10366 |
| work_keys_str_mv | AT thibaultdarcillon thibaultdarcilloneconomiepolitiquedelaliberalisationfinancierelesreformesdederegulationfinanciereetdecorporategovernancedanslespaysdelocde |