Will the pressures of financial and product market globalization force European firms to switch from a stakeholder-based model of corporate governance to a shareholder-based, Anglo-Saxon system? While many scholars of globalization have long assumed convergence toward the shareholder model, little empirical research on the firm level on this assumed dynamic exists.In Global Pressure, National System, which makes a strong case against convergence, Alexander Borsch focuses on the impact of globalization and regulatory changes on German corporate governance, which is widely seen as the prototype...