2021
DOI: 10.36995/j.visiondefuturo.2021.25.02r.005.en
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The concept of corporate governance

Abstract: This article aimed to identify the different concepts of corporate governance, in this sense, the first section presents a review of the literature based on the Methodi Ordinatio in relation to the concept of corporate governance (CG), followed by the revision of the theories from which it is studied: Theory of the agency; the shareholder or stockholder theory; the resource dependency theory; Stakeholder theory; the theory of Stewardship or Management Theory, the approach based on knowledge and corporate gover… Show more

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Cited by 13 publications
(14 citation statements)
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“…This is done to improve tertiary institutions' performance in set goals or their mandates as prescribed by the government. On the other hand, agency theory enunciates typical influences of human and socially capable proxies (Baklouti, Gautier, & Affes, 2016;Castrillón, 2021;Khan, 2011;McPhee, 2004). This brought the constant transformation in the structure of the tertiary institutions.…”
Section: Findings and Discussionmentioning
confidence: 99%
“…This is done to improve tertiary institutions' performance in set goals or their mandates as prescribed by the government. On the other hand, agency theory enunciates typical influences of human and socially capable proxies (Baklouti, Gautier, & Affes, 2016;Castrillón, 2021;Khan, 2011;McPhee, 2004). This brought the constant transformation in the structure of the tertiary institutions.…”
Section: Findings and Discussionmentioning
confidence: 99%
“…Shareholders are the owners of the company (Claessens, 2003;Garzón Castrillón, 2021). Corporate governance structures aim to protect their rights and ensure they have a say in significant decisions through mechanisms such as voting at annual meetings.…”
Section: What Is Corporate Governance?mentioning
confidence: 99%
“…Corporate governance emphasizes ethical behavior and responsible decision-making. Companies are expected to operate with integrity, considering the interests of various stakeholders and contributing positively to the broader community (Garzón Castrillón, 2021). In addition, a risk management framework or procedure is required in corporate governance.…”
Section: What Is Corporate Governance?mentioning
confidence: 99%
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“…Internal stakeholders need comprehensive information to have a clear point of view to make rational and strategic decisions. On the other hand, the external stakeholders monitor to ensure that there is a comparable and transparent when it comes to measuring the performance of the enterprise [65,66]. The importance of assessing performance is elevated due to the necessity for relevant and trustworthy data.…”
Section: Social Enterprise and Performance Variablesmentioning
confidence: 99%