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Publication Date:
12 Aug 2004
Publisher:
Taylor & Francis Ltd
For delivery:
Estimated despatch 28 May - 2 Jun 2024
Description
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.
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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