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Journal of Economic Geography Advance Access originally published online on November 26, 2007
Journal of Economic Geography 2008 8(2):262-264; doi:10.1093/jeg/lbm045
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© The Author (2007). Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oxfordjournals.org

Book reviews

The geography of finance: corporate governance in the global marketplace

Gordon L. Clark and Dariusz Wójcik

The geography of finance: corporate governance in the global marketplace
Gordon L. Clark and Dariusz Wójcik
Oxford: Oxford University Press, 2007.
ISBN 978-0-19-921336-8 (hardback).
Price: £45

The first 150 words of the full text of this article appear below.

During this significant contribution to the literature on the geography of money and finance, which is based upon a detailed analysis of the changing structure of corporate governance within the German economy, Clark and Wòjcik identify Mannesman and BMW as examples of firms with radically different models of corporate governance. Mannesman is held up as representative of an open corporate governance style, with highly distributed share ownership and a high proportion of its shares in the hands of overseas investors. BMW, meanwhile, is an example of a more traditional German firm with a less open model of corporate governance. It had shares listed on major international financial centres but the majority of shares were owned by just one family and not openly traded. Thus, Mannesman's corporate governance style was typical of Anglo-American shareholder capitalism while BMW was more typical of Continental European stakeholder capitalism. Clark and Wòjcik analyse the performance . . . [Full Text of this Article]

Andrew Leyshon

University of Nottingham


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