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- Title
THE CROSS-NATIONAL DIVERSITY OF CORPORATE GOVERNANCE: DIMENSIONS AND DETERMINANTS.
- Authors
Aguilera, Ruth V.; Jackson, Gregory
- Abstract
We develop a theoretical model to describe and explain variation in corporate governance among advanced capitalist economies, identifying the social relations and institutional arrangements that shape who controls corporations, what interests corporations serve, and the allocation of rights and responsibilities among corporate stakeholders. Our "actor-centered" institutional approach explains firm-level corporate governance practices in terms of institutional factors that shape how actors interests are defined ("socially constructed") and represented. Our model has strong implications for studying issues of international convergence.
- Subjects
CORPORATE governance; CAPITALIST societies; MANAGEMENT; STOCKHOLDERS; CAPITAL; COMPARATIVE studies; ORGANIZATIONAL sociology; PROPERTY rights; COALITIONS; LABOR unions
- Publication
Academy of Management Review, 2003, Vol 28, Issue 3, p447
- ISSN
0363-7425
- Publication type
Article
- DOI
10.5465/AMR.2003.10196772