The Political Constitution of the Corporation
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The Political Constitution of the Corporation

A Management Studies View

Alexander Styhre

In this insightful book, Alexander Styhre examines how corporations, often understood primarily as economic entities or legal devices, seek to influence and shape the market and the wider society in which they operate. Given the scope of such activities in most advanced economies, Styhre argues that corporations are political agents in their own right and that they must be critically analyzed in these terms.
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Chapter 3: Market regulation and corporate interests

Alexander Styhre

Abstract

The chapter stresses how regulation is of necessity part of market making, and introduces the distinction between ex ante and ex post regulation. Under certain conditions, ex ante regulation can no longer be effectively deployed, and consequently resolution systems such as bailouts are the only means left for policy makers to use when re-stabilizing, e.g., finance markets and faith in the market. The last sections of the chapter address how so-called Sovereign Wealth Funds (SWFs) impose new legal and regulatory challenges for policy makers.

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