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Anglo-Saxon governance: similarities, difference and outcomes in a financialised world

journal contribution
posted on 2023-06-08, 14:29 authored by Josh SiepelJosh Siepel, Paul NightingalePaul Nightingale
The increasing pervasiveness of financial markets across the global economy has been identified in the literature with the spread of ‘Anglo-Saxon capitalism’, reflecting the notion that a common US–UK model of governance and managerial attitudes is becoming increasingly common worldwide. This paper questions the existence of a common US–UK model by exploring how the concept of ‘Anglo-Saxon capitalism’ emerged and by highlighting the institutional differences in governance and managerial routines between the two countries. As the collapses of Lehman Brothers and Royal Bank of Scotland show, common outcomes, driven by international, financialised markets and actors, may mask important differences in managerial routines and attitudes towards risk.

History

Publication status

  • Published

Journal

Critical Perspectives On Accounting

ISSN

1045-2354

Publisher

Elsevier

Issue

1

Volume

25

Page range

27-35

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Notes

Special Issue on Critical Perspectives on Financialization

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2013-03-18

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