State-corporate relationships in an era of shifting regime: The case of corporate law reform in Israel

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13 Scopus citations

Abstract

Different aspects of the relationship between state and economy have traditionally been examined, yet corporate governance and specifically corporate law have received less attention. This article focuses on the legislation of the new corporate law in Israel at the end of the 1990s, which took place during regime transformation from an interventionist state to a regulatory state. The article makes specific reference to three disputes: the lifting of the corporate veil, the separation of the positions of chairman of the board and chief executive officer, and the obligation of private firms to disclose financial reports. This article suggests that despite the transformation of the regime, state actors have continuously been involved via corporate law in the governance of corporations and their relationship with the environment. However, corporate law enables corporations to constrain state power and the state's influence on property rights.

Original languageEnglish
Pages (from-to)317-342
Number of pages26
JournalQualitative Sociology
Volume27
Issue number3
DOIs
StatePublished - 1 Sep 2004

Keywords

  • Israel
  • corporate law
  • economic sociology
  • law and economy
  • regime change

ASJC Scopus subject areas

  • Sociology and Political Science

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