Morris, Jonathan Llewellyn  ORCID: https://orcid.org/0000-0002-4307-5948, 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
|
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: | 05 Aug 2024 08:26 |
| URI: | https://orca.cardiff.ac.uk/id/eprint/21884 |
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