Morgan - Regulation and Organisations

Modern societies are dominated by debates concerning the regulation of businesses and professional groups. Written by distinguished international experts, this volume provides readers with a broad range of theoretical and empirical approaches to the study of regulation, including sociological, economic and management perspectives. In particular, it examines the nature of regulation, its evolution in specific sectors and its impact on social and economic equality. Topics covered include:

• governance in the European financial sector
• insider trading and price-sensitive information in the UK stock exchange
• the development of regulatory bodies and regulated companies in UK retail banking and insurance companies
• the evolution of network industries in Europe
• regulation of retail financial services, money laundering and the accountancy profession.

By providing a significant contribution to a relatively untouched area, Regulation andOrganizations will be a valuable resource to academics and researchers within the fields of business and management, economics, politics and sociology.

Glenn Morgan is Senior Lecturer in Organizational Behaviour at Warwick Business School, University of Warwick. His previous publications include Regulation andDeregulation in European Financial Services (Macmillan 1997, with David Knights) and Organizations and Society (Macmillan 1990). He was also Research Coordinator of the European Science Foundation Programme on European Management and Organizations in Transition 199396.

Lars Engwall is Professor of Business Administration at Uppsala University, Sweden and member of several Swedish learned societies. His publications include Models of Industrial Structure (1973), Newspapers as Organizations (1978), Mercury MeetsMinerva (1992), ten edited books and some hundred published papers. He is presently coordinating a European Union-supported research programme, The Creation of European Management Practice (CEMP), aiming at an analysis of the diffusion of modern management ideas in Europe.

Regulation and Organizations

International perspectives

Edited by Glenn Morgan

and Lars Engwall

London and New York

First published 1999
by Routledge
11 New Fetter Lane, London EC4P 4EE

Simultaneously published in the USA and Canada
by Routledge
29 West 35th Street, New York, NY 10001

Routledge is an imprint of the Taylor and Francis Group

This edition published in the Taylor & Francis e-Library, 2002.

1999 Glenn Morgan and Lars Engwall

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

Library of Congress Cataloging in Publication Data
Regulation and organizations: international perspectives/
[edited by] Glenn Morgan and Lars Engwall
p. cm. (Routledge Advances in Management and
business studies; 5)
This edited collection of papers arises from a
workshop held at Manchester Business School, the
University of Manchester in 1996 Preface.
Includes bibliographical references and index.
1. Industrial laws and legislationEconomic aspects. 2.
Industrial laws and legislationSocial aspects. 3. Trade
regulationEconomic aspects. 4. Trade regulationSocial
aspects. 5. Financial services industryEuropeState
supervision.
I. Morgan, Glenn. II. Engwall, Lars. III. Series.
K3840.R436 1999
338.9dc21 9854691
CIP

ISBN 0-415-18391-X (Print Edition)

ISBN 0-203-06473-9 Master e-book ISBN

ISBN 0-203-21050-6 (Glassbook Format)

The European Science Foundation is an association of fifty-six member research councils, academics and institutions devoted to basic scientific research in twenty countries. The ESF assists its member organizations in two main ways: by bringing scientists together in its scientific programmes, networks and European research conferences to work on topics of common concern; and through the joint study of issues of strategic importance in European science policy.

The scientific work sponsored by ESF includes basic research in the natural and technical sciences, the medical and biosciences, the humanities and social sciences.

The ESF maintains close relations with other scientific institutions within and outside Europe. By its activities, ESF adds value by cooperation and coordination across national frontiers and endeavours to offer expert scientific advice on strategic issues.

This volume arises from the work of the ESF Scientific Programme on European Management and Organizations in Transition (EMOT). Further information on ESF activities can be obtained from:

European Science Foundation
1 quai Lezay-Marnsia
F-67080 Strasbourg Cedex
France Tel. (+33) 03 88 76 71 00
Fax (+33) 03 88 37 05 32

Illustrations

Tables

Figures

Contributors

Michael Clarke is Senior Lecturer in the Department of Sociology, University of Liverpool.

Nestor DAlessio is a researcher at the Soziologisches Forschungsinstitut (SOFI) at the University of Gttingen, Germany.

Lars Engwall is Professor of Business Administration at the University of Uppsala, Sweden.