TY - BOOK A1 - Woll, Cornelia T1 - Corporate Crime and Punishment: The Politics of Negotiated Justice in Global Markets N2 - Over the past decade, many of the world’s biggest companies have found themselves embroiled in legal disputes over corruption, fraud, environmental damage, tax evasion, or sanction violations. Corporations including Volkswagen, BP, and Credit Suisse have paid record-breaking fines. Many critics of globalization and corporate impunity cheer this turn toward accountability. Others, however, question American dominance in legal battles that seem to impose domestic legal norms beyond national boundaries. In this book, Cornelia Woll examines the politics of American corporate criminal law’s extraterritorial reach. As governments abroad seek to respond to US law enforcement actions against their companies, they turn to flexible legal instruments that allow prosecutors to settle a case rather than bring it to court. With her analysis of the international and domestic politics of law enforcement targeting big business, Woll traces the rise of what she calls “negotiated corporate justice” in global markets. Woll charts the path to this shift through case studies of geopolitical tensions and accusations of “economic lawfare,” pitting the United States against the European Union, China, and Japan. She then examines the reactions to the new legal landscape, describing institutional changes in the common law countries of the United Kingdom and Canada and the civil law countries of France, Brazil, and Germany. Through an insightful interdisciplinary analysis of how the prosecution of corporate crime has evolved in the twenty-first century, Woll demonstrates the profound transformation of the relationship between states and private actors in world markets, showing that law is part of economic statecraft in the connected global economy. Y1 - 2023 UR - https://press.princeton.edu/books/hardcover/9780691250328/corporate-crime-and-punishment SN - 9780691250328 PB - Princeton University Press CY - Princeton, New Jersey ER - TY - RPRT A1 - Woll, Cornelia T1 - Corporate Prosecutions: American Law Enforcement in Global Markets N2 - Large companies are increasingly on trial. Over the last decade, many of the world’s biggest firms have been embroiled in legal disputes over corruption charges, financial fraud, environmental damage, taxation issues or sanction violations, ending in convictions or settlements of record-breaking fines, well above the billion-dollar mark. For critics of globalization, this turn towards corporate accountability is a welcome sea-change showing that multinational companies are no longer above the law. For legal experts, the trend is noteworthy because of the extraterritorial dimensions of law enforcement, as companies are increasingly held accountable for activities independent of their nationality or the place of the activities. Indeed, the global trend required understanding the evolution of corporate criminal law enforcement in the United States in particular, where authorities have skillfully expanded its effective jurisdiction beyond its territory. This paper traces the evolution of corporate prosecutions in the United States. Analyzing federal prosecution data, it then shows that foreign firms are more likely to pay a fine, which is on average 6,6 times larger. Y1 - 2022 UR - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4088322 ET - LawFin Working Paper No. 31 ER - TY - RPRT A1 - Woll, Cornelia T1 - Avoiding the Road Bumps of the Green Transition N2 - Green growth requires strategy and coordination. The green transition entails important costs and will fail politically if we do not address socio-economic inequalities. In this Policy Position, Cornelia Woll proposes three pathways to a net-zero economy by 2050 that ideally should be combined: (i) correcting market signals through taxonomies and taxation; (ii) developing a European industrial policy that supports green innovation but also rewards successful transition plans; (iii) facilitating the funding for companies and financial institutions lending to those invested in green technology. Y1 - 2023 UR - https://www.delorscentre.eu/en/publications/detail/publication/avoiding-the-road-bumps-of-the-green-transition ER - TY - JOUR A1 - Woll, Cornelia T1 - L'Union européenne : une machine à libéraliser ? JF - Politique européenne N2 - Lecture croisée de: Nicolas Jabko, L’Europe par le marché : Histoire d’une stratégie improbable, Paris, Presses de Sciences Po, coll. « Gouvernances », 2009, 288 pages. François Denord et Antoine Schwartz, L’Europe sociale n’aura pas lieu, Paris, Raisons d’Agir, 2009, 138 pages. Y1 - 2010 U6 - https://doi.org/10.3917/poeu.031.0215 VL - 31 IS - 2 SP - 215 EP - 220 ER - TY - JOUR A1 - Woll, Cornelia T1 - A Rejoinder by the Author JF - Accounting, Economics and Law - A Convivium Y1 - 2016 U6 - https://doi.org/10.1515/ael-2016-0005 VL - 6 IS - 1 SP - 85 EP - 92 ER - TY - RPRT A1 - Woll, Cornelia T1 - Learning to Act on World Trade: Preference Formation of Large Firms in the United States and the European Union T2 - MPIfG Discussion Paper N2 - Lobbying by economic actors constitutes a central element of a large part of the literature on trade policy-making. However, it is mainly considered as "input" into the political system, which then aggregates the demand of different societal interests. As such inputs, the preferences of economic actors are often simply deduced from economic theory. This paper raises doubts about the usefulness of this analytical parsimony and tries to distinguish more clearly between stable interests, preferences and strategic choices. In particular, it suggests a model that clarifies how abstract interests are translated into concrete policy choices. By examining the lobbying carried out by service providers in the United States (US) and the European Union (EU) in telecommunications and air transport, it then shows that the deduction of trade policy preferences from economic theory does not account well for the general support of multilateral trade liberalization by EU service providers. In particular, changes in identity, causal beliefs and strategic environments in the US and the EU create a variety of lobbying choices that goes beyond the material incentives of trade liberalization. By studying the learning process and the constraints on lobbying imposed by political institutions, the paper suggests that even the political preferences of strong economic actors are sometimes more appropriately dealt with as endogenous to the trade policy process. N2 - Wirtschaftslobbying ist ein zentraler Bestandteil der Literatur zur Welthandelspolitik, da man davon ausgeht, dass Unternehmen Regierungsstrategien nachhaltig beeinflussen. Lobbying wird daher im Allgemeinen als "Input" in den politischen Prozess definiert. Unternehmensinteressen bilden einen Teil der "Nachfrage", die von Regierungen aggregiert und in politische Entscheidungen umgewandelt wird. Der Inhalt der wirtschaftspolitischen Interessen von Unternehmen wird dann in den meisten Fällen aus der Ökonomischen Theorie abgeleitet. Die Autorin des vorliegenden Discussion Papers hinterfragt die Zweckmäßigkeit einer solchen analytischen Vereinfachung und versucht, Interessen, Präferenzen und strategische Entscheidungen klarer voneinander abzugrenzen. Zu diesem Zweck wird ein Modell vorgestellt, das erklärt, wie abstrakte Interessen in konkrete politische Entscheidungen übersetzt werden. Eine Untersuchung der Lobbying-Praxis von Dienstleistungsfirmen in den Branchen Telekommunikation und Lufttransport in den USA und der Europäischen Union zeigt, dass rein materielle Anreize nicht ausreichen, die politischen Präferenzen von Dienstleistungsunternehmen der EU zu erklären. Neben den wirtschaftlichen Konsequenzen einer multilateralen Öffnung der Weltmärkte sind Identitätswandel, grundsätzliche Überzeugungen und die strategischen Grundbedingungen im jeweiligen Land für die Präferenzbildung der Unternehmen entscheidend. Das Papier kommt zu dem Ergebnis, dass Unternehmenspräferenzen nicht als gegeben angenommen werden können, sondern im Laufe des politischen Prozesses fortentwickelt werden. Y1 - 2005 UR - https://pure.mpg.de/rest/items/item_1233827_5/component/file_1233825/content VL - 05 IS - 1 ER - TY - RPRT A1 - Woll, Cornelia T1 - Transatlantic Relations as a Catalyst to European Integration. The Activism of the European Commission in the Case of International Aviation. T2 - AICGS/DAAD Working Paper Series Y1 - 2003 UR - https://spire.sciencespo.fr/hdl:/2441/8521/resources/woll.pdf ER - TY - JOUR A1 - Woll, Cornelia T1 - Lectures Critiques JF - Politique européenne N2 - Aurélie Campana, Emmanuel Henry et Jay Rowell (dir.) (2007), La construction des problèmes publics en Europe : émergence, formulation et mise en instrument, Strasbourg, Presses universitaires de Strasbourg, coll. « Sociologie politique européenne », 252 pages. Y1 - 2008 U6 - https://doi.org/10.3917/poeu.024.0151 VL - 24 IS - 1 SP - 151 EP - 153 ER - TY - JOUR A1 - Woll, Cornelia T1 - Pierre Berthaud, Gérard Kébabdjian (dir.). La question politique en économie internationale Paris, La Découverte, 2006, 320 pages. JF - Critique internationale Y1 - 2008 U6 - https://doi.org/10.3917/crii.038.0201 VL - 38 IS - 1 SP - 201 EP - 205 ER - TY - JOUR A1 - Woll, Cornelia T1 - Pierre Lascoumes et Patrick Le Galés (dir.), Gouverner par les instrument. Paris, Presses de Sciences Po, 2004, 370p. JF - Pôle Sud Y1 - 2005 U6 - https://doi.org/10.3917/psud.023.0187 VL - 23 IS - 2 SP - 200 EP - 202 ER -