Corporate Governance and Globalization

Clarke, Thomas; Rama, Marie dela

doi:10.4135/9781446261187

Cited by 19 publications

(8 citation statements)

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“…For researchers interested in reading key reference articles, Clarke and Rama (2006) is probably one of the most up to date and comprehensive Downloaded by [University of Utah] at 18:14 26 November 2014 494 • The Academy of Management Annals sources on corporate governance with a strong international perspective. The editors have compiled 44 published articles from different theoretical lenses, covering a wide range of globally focused governance issues such as internalization of corporate governance, governance of multinational companies, competing models of governance, complex governance systems, corporate governance in developing countries, the influence of foreign direct investment in corporate governance, the implementation of governance reforms, privatization in transnational economies, convergence of governance systems, cultural diversity of governance institutions, and corporate social responsibility and sustainability.…”

Section: Research On Cross-national Diversity In Corporate Governancementioning

confidence: 99%

Comparative and International Corporate Governance

Aguilera¹,

Jackson

2010

The Academy of Management Annals

220

116

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In this article, we examine the state of the art in comparative and international corporate governance by identifying the key research questions, main concepts, and paradigms of explanations of cross-country diversity in corporate governance. First, we discuss the multiple definitions of corporate governance across disciplines and explore how this multi-dimensional nature of corporate governance posses challenges when making cross-national comparisons. Second, we review existing comparative research on corporate governance and highlight some of the main characteristics of comparative analysis. Third, we analyze how comparative corporate governance has been understood from four different scholarly perspectives: economics and management, culture and sociology, legal, and political paradigms. We conclude from this third section that future research should make an effort to 486 • The Academy of Management Annals better integrate cross-disciplinary paradigms. Fourth, we investigate what insights these four perspectives bring to understand change and stability better in two particular governance dimensions: corporate ownership and the role of labor in comparative corporate governance. Finally, we conclude the article with some forward looking suggestions regarding (1) how different perspectives of corporate governance can be more effectively integrated by adopting case-based, historical, and actor-centered forms of institutional explanations and by (2) discussing the current U.S. corporate governance system, frequently seen as the "best practice" model.

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Section: Research On Cross-national Diversity In Corporate Governancementioning

confidence: 99%

Comparative and International Corporate Governance

Aguilera¹,

Jackson

2010

The Academy of Management Annals

220

116

View full text Add to dashboard Cite

show abstract

“…For researchers interested in reading key reference articles, Clarke and Rama (2006) is probably one of the most up to date and comprehensive sources on corporate governance with a strong international perspective. The editors have compiled 44 published articles from different theoretical lenses, covering a wide range of globally focused governance issues such as internalization of corporate governance, governance of multinational companies, competing models of governance, complex governance systems, corporate governance in developing countries, the influence of foreign direct investment in corporate governance, the implementation of governance reforms, privatization in transnational economies, convergence of governance systems, cultural diversity of governance institutions, and corporate social responsibility and sustainability.…”

Section: Research On Cross-national Diversity In Corporate Governancementioning

confidence: 99%

Comparative and International Corporate Governance

Aguilera

Jackson

2010

ANNALS

351

314

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Full terms and conditions of use: http://www.informaworld.com/terms-and-conditions-of-access.pdf This article may be used for research, teaching and private study purposes. Any substantial or systematic reproduction, redistribution , reselling , loan or sub-licensing, systematic supply or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date. The accuracy of any instructions, formulae and drug doses should be independently verified with primary sources. The publisher shall not be liable for any loss, actions, claims, proceedings, demand or costs or damages whatsoever or howsoever caused arising directly or indirectly in connection with or arising out of the use of this material.

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“…It is therefore obvious for researchers to include culture in their analyses on corporate finance and governance (see; Bebchuk and Roe 1999;Clarke and dela Rama 2006;Aguilera and Jackson 2010;Daniel et al 2012). As a result, culture has been analyzed as a determinant of various economic outcomes.…”

Section: Institutions Culture and Corporate Governancementioning

confidence: 99%

“…Some researchers thus claim that culture may play an important role in corporate governance practices around the world (Bebchuk and Roe 1999;Buck and Shahrim 2005;Clarke and dela Rama 2006;Aguilera and Jackson 2010). International organizations such as the World Bank, the IMF, the OECD or large pension funds such as CalPERS share this view (see Licht 2001).…”

mentioning

confidence: 99%

Culture and Corporate Governance: The Influence of Language and Religion in Switzerland

Volonté

2014

Manag Int Rev

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We investigate the effect of culture on corporate governance using the extraordinary opportunity that the corporate landscape of Switzerland provides. Within a single institutional framework (e.g., Swiss federal corporate law), we use language (German and French) and religion (Roman Catholicism and Protestantism) as proxies for culture. These groups share a distinct set of values particularly in their tolerance for hierarchical structures. We observe that firms in Swiss French areas and firms in Roman Catholic cantons are more likely to have one-tier boards, whereas two-tier boards are more prevalent in Swiss German areas and Protestant cantons. Furthermore, board composition is significantly driven by language. In contrast, ownership and equity structure are not significantly related to culture.

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Corporate Governance and Globalization

Cited by 19 publications

References 0 publications

Comparative and International Corporate Governance

Comparative and International Corporate Governance

Comparative and International Corporate Governance

Culture and Corporate Governance: The Influence of Language and Religion in Switzerland

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