Varieties of Capitalism Sample Clauses

Varieties of Capitalism. The Institutional
Sample 1Sample 2
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Varieties of Capitalism. The Institutional Framework of Comparative Advantage. Oxford: Oxford University Press.
Sample 1
Varieties of Capitalism. The VoC literature contrasts liberal market economies (LME) like the United States with coordinated market economies (CME) like Germany. In LMEs, economic gov- ernance institutions unleash the full creative and destructive powers of the market. Fierce competition dominates among firms that maintain arms length transactions and have access to fluid labor and capital markets. In contrast, CMEs have a range of market-supporting institutions that facilitate dense coordination among firms, in- vestors, and workers. Each is thought to provide actors within its boundaries a com- parative advantage in different innovational and economic activities (Hall & Xxxxxxx, 2001). Institutions in individual countries should tend to cluster about these two polar ideal-types, which feature a bundle of complementary economic governance institu- tions. The VoC literature identifies five such institutions. Industrial relations struc- ture the relationship between firms and workers, featuring strong, centralized unions in CMEs and weak, decentralized unions in LMEs. Corporate governance institutions structure the relationship between firms and investors, featuring patient bank lend- ing or cross-shareholding in CMEs and fluid, diffuse capital investments in LMEs. Worker training institutions determine the sorts of skills that workers develop, featur- ing industry-specific skills in CMEs and general skills in LMEs. Inter-firm relations structure the relationships among firms horizontally and vertically, featuring strong cooperative relationships among firms in CMEs and arms-length interactions among firms in LMEs. The structure of the firm also varies between the two, with broad participation decision-making by workers, owners, and management in CMEs and independent, hierarchically controlled management in LMEs. Together these institu- tions influence such important outputs as wage levels, shareholder concentration, and innovation patterns. One reason that these institutions are expected to cluster is that institutions of the same class are thought to be complementary. That is, each coordinative (liberal) governance institution will increase the returns to all the other coordinative (liberal) governance institutions in that country. For example, having a coordinative corpo- rate governance institution should reduce the threat that agreements with workers, competitors, or suppliers will be either prevented by investors interested in short-run profitability or undermined in the futu...
Sample 1
Varieties of Capitalism. The Institutional Foundations of Comparative Advantage. Oxford University Press. xxx.xx.xx/xxxx @IIPP_UCL UCL Institute for Innovation and Public Purpose Xxxxx Street, London, WC1E 6BT General enquiries:
Sample 1

Related to Varieties of Capitalism

  • Return of Capital Except pursuant to the rights of Redemption set forth in Section 8.6, no Limited Partner shall be entitled to the withdrawal or return of his or her Capital Contribution, except to the extent of distributions made pursuant to this Agreement or upon termination of the Partnership as provided herein. No Limited Partner or Assignee shall have priority over any other Limited Partner or Assignee either as to the return of Capital Contributions, or as otherwise expressly provided in this Agreement, or as to profits, losses, distributions or credits.

  • WITHDRAWAL OF CAPITAL No Member may withdraw all or any part of its Capital Contribution except with the unanimous consent of the mangers or as provided in Article III (regarding distributions generally) or Article VIII (regarding dissolution of the Company).

  • RETURN OF CAPITAL CONTRIBUTIONS No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • No Right to Demand Return of Capital No Member has any right to any return of capital or other distribution except as expressly provided in this Agreement. No Member has any drawing account in the Company.

  • Dividends 1. Dividends paid by a company which is a resident of a Contracting State to a resident of the other Contracting State may be taxed in that other State.

  • Dividends and Distributions (A) Subject to the rights of the holders of any shares of any series of Preferred Stock (or any similar stock) ranking prior and superior to the Series A Preferred Stock with respect to dividends, the holders of shares of Series A Preferred Stock, in preference to the holders of Common Stock, par value $.01 per share (the "Common Stock"), of the Corporation, and of any other junior stock, shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly dividends payable in cash on the first day of March, June, September and December in each year (each such date being referred to herein as a "Quarterly Dividend Payment Date"), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of Series A Preferred Stock, in an amount per share (rounded to the nearest cent) equal to the greater of (a) $1 or (b) subject to the provision for adjustment hereinafter set forth, 100 times the aggregate per share amount of all cash dividends, and 100 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions, other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Series A Preferred Stock. In the event the Corporation shall at any time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.

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