1. Nonmarket Environments
The US has a market for corporate control, the "Wall Street Rule," there a board of directors is nominated by management, encouraging corporate takeovers because business shareholding is fragmented. ... A majority of the US capital was initially accumulated by individual entrepreneurs like Rockefeller; whereas, Germany had little capital in the hands of individuals. ...
- Word Count: 840
- Approx Pages: 3
- Grade Level: Undergraduate