We engage with the convergence/divergence debate in the comparative study of corporate governance by commending a nuanced formulation of the convergence thesis. Directing attention to the precariou...
#1Paddy Ireland(UoB: University of Bristol)H-Index: 11
It used to be thought that what we now call ‘corporate governance’ was a rather complex affair. Which models of the corporation and corporate governance were productively superior? Which most encouraged research and development and investment in new technologies? Which best contributed to job satisfaction, to social cohesion and to the realisation of a ‘good life’? In the 1970s and 80s, as the developed capitalist world lurched from one economic crisis to another, many commentators came to belie...
In an assessment of Lawson’s social ontological analysis of the modern corporation, we consider what is marginalized: the significance of the status and the effects of the separate legal entity (SLE). The SLE is conceived as a specific type of construct that is ascribed particular properties through its stabilization within and between different (legal and economic) discourses. By showing how the SLE, as a reified construct, is rendered meaningful, real and/or consequential, we illustrate how th...
Management researchers increasingly realize that some theories do not merely describe, but also shape social reality; a phenomenon known as "performativity." However, when theories become performative or even self-fulfilling is still poorly understood. Taking this gap in the research as our starting point, we develop a process model to show that new theories will only become self-fulfilling (1) if they motivate experimentation, (2) if experimentation produces anomalies, and (3) if these anomalie...
'Management' - as practiced in modern corporations as well as the social position ascribed to its exponents - is today comparatively well established and institutionalized. For Berle and Means, '[m]anagement' may be defined as that body of men who, in law, have formally assumed the duties of exercising domination over the corporate business and assets.' 'Management' has not, however, always been so taken for granted; and, as we shall show, its theory and practice remains a product of struggles b...
#1Taekjin Shin(SDSU: San Diego State University)H-Index: 11
#2Jihae You(LSU: Louisiana State University)H-Index: 3
The language that signals conformity to a prevailing norm can contribute to the appearance of managerial competency and organizational legitimacy. We argue that top corporate managers’ use of language that is congruent with a prevailing norm leads the boards of directors to evaluate the managers more favourably and to grant a higher level of compensation. We test this argument by analysing the letters to shareholders from 334 US firms and examine the CEOs’ expression of the shareholder value pri...
#1Umakanth Varottil(NUS: National University of Singapore)H-Index: 7
This chapter explores the evolution and implementation of corporate governance norms in India. While India initially jumped on the bandwagon of countries adopting voluntary codes of corporate governance following the Cadbury Report, the approach towards “soft law” was rather quickly jettisoned in favour of a mandatory approach towards corporate governance. As a result of more recent reforms, corporate governance norms have now become well ensconced almost in their entirety in the primary corpora...
Last. Hugh Willmott(City University London)H-Index: 98
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This Special Issue revisits the classic question of comparative corporate governance research, namely whether national corporate governance systems are converging. More specifically, it focuses on several ‘convergence vectors’ which comprise the political, legal, economic and social arrangements that influence or drive the international trajectories of governance systems towards a common denominator. Taken together, the contributors to this Special Issue invite us to think critically about the f...
There is a broad call to integrate planetary boundaries and life-cycle based reporting into accounting theory and reporting standards. Although many practitioners back this call, including insurers ...