The Role of the EU in the (Trans-) Formation of Corporate Governance Regulation in Eastern Central Europe: The Case of the Czech Republic

Arjan Vliegenthart, Laura Horn

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Abstract

The European Union (EU) has a crucial influence on the institutional development of corporate governance structures in Central Eastern Europe (CEE). As most political forces in the region favoured quick entry to the EU, one outcome has been an asymmetrical power balance between European regulators and national socio-economic configurations. We identify the EU's objectives and strategy with regard to the restructuring of corporate governance as crucial to understanding the role the EU is playing within the transformation of governance structures in CEE. Using the case of the banking and financial sector in the Czech Republic we analyse the changing regulatory framework of corporate governance. Central to our analysis is the role of the European Commission, which as a transnational actor, has played a major role in promoting and advocating regulatory policies conducive to further embedding socio-economic structures in CEE into the transnational political economy of neoliberal capitalist restructuring.
OriginalsprogEngelsk
TidsskriftCompetition and Change
Vol/bind11
Udgave nummer2
Sider (fra-til)137-154
ISSN1024-5294
StatusUdgivet - 2007
Udgivet eksterntJa

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