Faculty Books
Government and Markets: Toward a New Theory of Regulation
edited by Edward J. Balleisen and David A. Moss
(Cambridge University Press)
After years of emphasis on governmental inefficiency and the need for deregulation, interest is growing in the possibility of constructive governance, as are public calls for new, smarter regulation. This interdisciplinary volume points the way toward modernizing regulatory theory. Professor Moss and his coeditor have gathered essays by leading scholars that integrate the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book ends by setting out a potential research agenda for the social sciences.
Supercorp: How Vanguard Companies Create Innovation, Profits, Growth, and Social Good
by Rosabeth Moss Kanter
(Crown Business)
When the tsunami struck India in 2006, IBM used its technological expertise and skilled people to accomplish what relief agencies could not: an information system and supply chain that managed the flow of relief supplies. IBM’s actions exemplify an emerging business idea: the vanguard company creating synergy between opportunity, growth, profit, and social good. Professor Kanter contends that vanguard companies deliver what their customers want better than their competitors do, thereby providing the financial success shareholders demand and the social conscience demanded by the new generation of managers.
Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed — and What to Do about It
by Josh Lerner
(Princeton University Press)
As governments worldwide seek to spur economic growth in ever more aggressive ways, Professor Lerner offers an important caution, arguing for a careful approach to government support of entrepreneurial activities so that the mistakes of earlier efforts are not repeated. He looks at the ways governments have supported entrepreneurs and venture capitalists across decades and continents, explains why some public initiatives work while others are hobbled by pitfalls, and offers suggestions for how public ventures should be implemented in the future.
Experiments in Financial Democracy: Corporate Governance and Financial Development in Brazil, 1882-1950
by Aldo Musacchio
(Cambridge University Press)
Associate Professor Musacchio’s research reveals significant differences in Brazil’s patterns of corporate governance and finance between the early 20th century and the 1990s. To attract investors, the statutes of companies organized before 1910 often included stronger protections for small shareholders than what the law mandated. Analysis of the shareholder lists of nearly 100 Brazilian companies reveals a correlation between corporate statutes that protected small shareholders and less-concentrated ownership and control. Musacchio maintains that corporate governance rules help explain the peak in Brazil’s equity market development in 1890–1913.
