6533b86dfe1ef96bd12cab57

RESEARCH PRODUCT

Corporate Governance Theories: From Micro Theories to National Systems Theories

Gérard Charreaux

subject

050208 financebusiness.industryCorporate governance05 social sciencesjel:G30AccountingAppropriationjel:P50Systems theoryPolitical science0502 economics and businessnational systems of governance;micro theories of corporate governance;macro theories of corporate governance;disciplinary view;knowledge-based view;law and finance view;political theory;varieties of capitalism.Production (economics)Political philosophy050207 economicsMacroPositive economicsbusinessDiscipline

description

The objective of this article is to conduct a survey of the different corporate governance theories. In the first part, we present the micro theories by opposing the disciplinary view to the knowledge-based view. The second part deals with the macro or national systems theories. We separate the theories based on appropriation of the organizational rent from those attributing a dominant role to production. This survey highlights that the financial view of corporate governance is a very particular case and presents many limits.

yearjournalcountryeditionlanguage
2004-12-01
http://crego.u-bourgogne.fr/images/stories/wp/1041202.pdf