2007
DOI: 10.1108/03068290710763035
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Corporate governance: a paradigmatic look

Abstract: PurposeThe purpose of this paper is to present a paradigmatic look at corporate governance.Design/methodology/approachThis paper starts with the premise that any worldview can be associated with one of the four basic paradigms: functionalist, interpretive, radical humanist, and radical structuralist. The paper looks at the current state of mainstream academic finance and notes that it is founded only on the functionalist paradigm. It argues that any view expressed with respect to corporate governance is based … Show more

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Cited by 14 publications
(4 citation statements)
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“…The existence of a culture of finance and corporate governance (Ardalan, 2007(Ardalan, , 2017 complies with Williamson's framework, corresponding mainly to the level-3. According to Williamson, the higher level of the social embeddedness should theoretically "dominate" the culture of finance and corporate governance.…”
Section: The Capital Structure Puzzlementioning
confidence: 94%
“…The existence of a culture of finance and corporate governance (Ardalan, 2007(Ardalan, , 2017 complies with Williamson's framework, corresponding mainly to the level-3. According to Williamson, the higher level of the social embeddedness should theoretically "dominate" the culture of finance and corporate governance.…”
Section: The Capital Structure Puzzlementioning
confidence: 94%
“…The current functionalist view of governance, which is becoming dominant worldwide, endorses convergence towards one best model, the Anglo‐American model (Ardalan, 2007a,b; Goede, 2008). This coincides with the blue stage or a more complex stage.…”
Section: Analysis and Concluding Remarksmentioning
confidence: 99%
“…See Burrell and Morgan (1979) for the original work. Ardalan (2000a, b, c, 2001, 2002a, b, 2003a, b, c, d, e, 2005, 2006, 2007); Bettner et al (1994) have used this approach.…”
Section: Notesmentioning
confidence: 99%