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Unformatted text preview: --Can diffuse shareholders monitor management more effectively than dominant owners with direct control?--Is management less secure in diffuse shareholder system? --Where employees “protected,” at expense of owners…or management? c. Theoretical: What is “social democracy”--definition of “social democracy” shifts--arrangements attributed to social democracy enacted by center-right governments in major countries; Roe tests only post-1980, but corporate governance differences emerge much earlier--labor militancy? Days lost to strikes lower in concentrated ownership countries--does labor power lead to concentrated ownership…or does lack of labor power facilitate emphasis on “shareholder value”?...
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