The Foundations of Governance Theory: A Case for the Resource-Dependence Perspective

Corporate Ownership & Control, Vol. 5, pp. 164-172, Summer 2008

29 Pages Posted: 3 Sep 2008

See all articles by Krishna Udayasankar

Krishna Udayasankar

Nanyang Technological University (NTU) - Nanyang Business School

Date Written: 2008

Abstract

In this paper I distinguish between the justificatory and explanatory roles of theory, and propose that the justificatory role played in the literature thus far by agency theory is subject to limitations. I therefore argue for the use of resource-dependence theory as the epistemological basis of the corporate governance domain knowledge system, and present an alternate model of corporate governance. Potential contributions of this alternate model are discussed.

Keywords: Agency theory, resource-dependence theory, corporate governance

Suggested Citation

Udayasankar, Krishna, The Foundations of Governance Theory: A Case for the Resource-Dependence Perspective (2008). Corporate Ownership & Control, Vol. 5, pp. 164-172, Summer 2008. Available at SSRN: https://ssrn.com/abstract=1262565

Krishna Udayasankar (Contact Author)

Nanyang Technological University (NTU) - Nanyang Business School ( email )

Singapore, 639798
Singapore

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