Corporate Governance Theories: From Micro Theories to National Systems Theories

Gerard Charreaux ()

Working Papers FARGO from Université de Bourgogne - Latec/Fargo (Research center in Finance,organizational ARchitecture and GOvernance)

Abstract: 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.

Keywords: national 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. (search for similar items in EconPapers)
JEL-codes: G30 P50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc and nep-pke
Date: 2004-12
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Persistent link: http://EconPapers.repec.org/RePEc:dij:wpfarg:1041202

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