Theories of Corporate Governance: The Theoretical Foundations / Edition 1

Theories of Corporate Governance: The Theoretical Foundations / Edition 1

by Thomas Clarke, Adrian Cadbury
     
 

ISBN-10: 041532307X

ISBN-13: 9780415323079

Pub. Date: 10/01/2004

Publisher: Taylor & Francis

In the wake of the financial and corporate scandals of recent years, corporate governance increasingly is recognised as being at the heart of understanding how and why businesses are run as they are. But while there are diverse and well-established theories of corporate governance, they are rarely gathered in a coherent and comparative way.

This comprehensive

Overview

In the wake of the financial and corporate scandals of recent years, corporate governance increasingly is recognised as being at the heart of understanding how and why businesses are run as they are. But while there are diverse and well-established theories of corporate governance, they are rarely gathered in a coherent and comparative way.

This comprehensive reader brings together the most influential writing in the field, with editorial commentary, to provide a uniquely interdisciplinary resource for students and lecturers that underpins contemporary analysis of corporate governance. Topics covered include:

  • the separation of ownership and control
  • how economic activity is organised through firms
  • the managerial revolution in business
  • agency, stewardship and stakeholder theory
  • globalization and convergence
  • the critique of shareholder value
  • post-Enron analysis.

Structured to provide an introduction and overview of corporate governance from the classical theories to contemporary controversies, this reader functions either as a stand-alone text, or as a companion to International Corporate Governance, a textbook also authored by Thomas Clarke.

Product Details

ISBN-13:
9780415323079
Publisher:
Taylor & Francis
Publication date:
10/01/2004
Edition description:
New Edition
Pages:
384
Product dimensions:
7.40(w) x 9.50(h) x 0.80(d)

Table of Contents

Introduction

1. Theories of Governance: Reconceptualising Corporate Governance Theory After the Enron Experience (Thomas Clarke)

Part 1: Economic Foundations

2. The Managerial Revolution in American Business

Alfred D. Chandler (1977)The Visible Hand, Belknap Press

3. The Impact of the Corporation on Classical Economic Theory

Berle,A. (1965) Quarterly Journal of Economics, 79, 25-40

Part 2: Agency Theory

4. Theory of the Firm, Managerial Behaviour, Agency Costs and Ownership Structure

Jensen, M.C. and Meckling, W.H. (1976) Journal of Financial Economics, October 305-60

5. Separation of Ownership and Control

Fama,E. and Jensen,M. (1985)Journal of Law and Economics, 26, 301-26

6. Agency Theory: An Assessment and Review

Eisenhardt, K.M. (1989) Academy of Management Review, 14, 57-74

Part 3: Managerial Hegemony

7. Directors: Myth and Reality

Mace, M. (1971)Harvard Business School Press

8. Pawns Or Potentates: The Reality of America’s Corporate Boards

Lorsch, J. and MacIver, E. (1989) Harvard University Press

Part 4: Stewardship Theory

9. Towards A Stewardship Theory of Management

Davis, J.H., Schoorman, F.D., and Donaldson, L. , (1997) Academy of Management Review, Vol 22, No 1,

Part 5: External Pressures

10. The Resource Dependence Role of Corporate Directors: Strategic Adaptation of Board Composition in Response to Environmental Change

A.J.Hillman, A.A. Cannella, and R.L. Paetzold (2000) Journal of Management Studies, Oxford: Blackwell, 37:2 March pp235-255

11. Institutional and Strategic Choice Perspectives on Board Involvement in the Strategic Decision Process

W.Q.Judge and C.P. Zeithaml, (1992) Academy of Management Journal, Vol 35, No 4, 766-79

12. A General Theory of Network Governance: Exchange Conditions and Social Mechanisms

C.Jones, W.S. Hesterly and S.P. Porgatti, (1997) Academy of Management Review, Vol 22, No 4, Oct 1997

Part 6: Stakeholder Theory

13. Ownership and Control: Rethinking Corporate Governance for the 21st Century

Margaret Blair (1995) Brookings Institution

14. The Stakeholder Corporation: A Business Philosophy for The Information Age

Thomas Clarke (1998) Long Range Planning, Vol 31, No2,

Part 7: Theories of Convergenve

15. Corporate Leadership in a Globalising Equity Market

Michael Useem (1998) Academy of Management Executive, 12, 43-59

16. Corporate Governance and Globalisation: Is There Convergence Across Countries ?

Mauro F. Guillen (2000) Advances in International Comparative Management, Vol 13,

17. Capital Unbound? The Transformation of European Corporate Governance

Rhodes, M. and Apeldoorn, B.v. (1998) Journal of European Public Policy, Vol 5, No 3

18. The Very Uncertain Prospects of "Global" Convergence In Corporate Governance

Douglas M. Branson (2001) Cornell International Law Journal, Vol 34

Part 8: Critique of Shareholder Value

19. Maximising Shareholder Value: A New Ideology for Corporate Governance

Lazonick, W. and O’Sullivan, M. (2000) Economy and Society, 29

20. Corporate Governance, Property and Democracy: A Conceptual Critique of Shareholder Ideology

Ewal Engelen, Economy and Society, Vol 31, No 3, August

Part 9: Post-Enron Theories

21. What Enron Means for the Management and Control of the Modern Business Corporation: Some Initial Reflections

Jeffrey N. Gordon (2002) University of Chicago Law Review, Vol 69

22. What Caused Enron? A Capsule Social and Economic History of the 1990s

John Coffee (2003) Cornell Law Review, Vol 89, Issue 2

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