Beyond the Dichotomous Worlds Hypothesis: Towards a Plurality of Corporate Governance Logics

13 Pages Posted: 13 Dec 2007

See all articles by Pursey P.M.A.R. Heugens

Pursey P.M.A.R. Heugens

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM)

Jordan Otten

RSM Erasmus University

Abstract

The dichotomous worlds hypothesis holds that corporate governance systems worldwide are either based on the Anglo-American shareholder model or the Eurasian stakeholder model. We suggest a more fine-grained classification, based on five corporate governance logics socially constructed, historical patterns of material practices, assumptions, values, beliefs, and rules by which all parties involved in economic productive activities structure their material interdependencies and provide meaning to the social reality of corporate life. These logics are discovered through a content analysis of the corporate governance reform codes of 38 countries.

Suggested Citation

Heugens, Pursey P.M.A.R. and Otten, Jordan, Beyond the Dichotomous Worlds Hypothesis: Towards a Plurality of Corporate Governance Logics. Corporate Governance: An International Review, Vol. 15, No. 6, pp. 1288-1300, November 2007. Available at SSRN: https://ssrn.com/abstract=1072215 or http://dx.doi.org/10.1111/j.1467-8683.2007.00647.x

Pursey P.M.A.R. Heugens (Contact Author)

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM) ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam, 3000 DR
Netherlands
0031 10 408 2365 (Phone)
0031 10 408 9012 (Fax)

Jordan Otten

RSM Erasmus University ( email )

P.O. Box 1738
Rotterdam, 3000 DR
Netherlands

HOME PAGE: http://jordanotten.googlepages.com

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