Cardiff University | Prifysgol Caerdydd ORCA
Online Research @ Cardiff 
WelshClear Cookie - decide language by browser settings

The resilience of 'institutionalized capitalism': managing managers under 'shareholder capitalism' and 'managerial capitalism'

Morris, Jonathan Llewellyn, Hassard, John and McCann, Leo 2008. The resilience of 'institutionalized capitalism': managing managers under 'shareholder capitalism' and 'managerial capitalism'. Human Relations 61 (5) , pp. 687-710. 10.1177/0018726708091767

Full text not available from this repository.

Abstract

This article identifies two, nation-wide, forms of governance or organizing capital,`shareholder' capitalism and `managerial' capitalism, epitomized by the USA and Japan respectively. Furthermore, it identifies the implications for managers in these systems. The article argues that both varieties of capitalism have been forced to modify, due to pressures from globalization. Shareholder capitalism in the USA has been intensified with an even greater emphasis on `shareholder value'. In Japan, meanwhile, poor national economic performance has led to pressures upon managerial capitalism to take on features more akin to the shareholder variety. Such pressures have been transmitted to managers with a more intensified work regime. However, many of the HRM features of the Japanese model remain, despite these pressures.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Uncontrolled Keywords: HRM; Japan; Middle managers; Organizational governance; USA
Publisher: SAGE Publications
ISSN: 0018-7267
Last Modified: 06 Feb 2018 21:32
URI: http://orca.cf.ac.uk/id/eprint/21884

Citation Data

Cited 22 times in Scopus. View in Scopus. Powered By Scopus® Data

Actions (repository staff only)

Edit Item Edit Item