13 Pages Posted: 15 May 2012
Date Written: April 5, 2011
Corporate Governance models vary from country to country however the main principles of every Corporate Governance model derives from fundamental mechanisms of governance as insider (stakeholder model) and outsider (shareholder model) systems. Insider model of corporate governance is mostly based on an interest of stakeholders and often ownership is concentrated (shares owned by family, banks or institutions) by aiming to reach long term goals. Outsider model of corporate governance as opposite to insider model has dispersed ownership (shares owned by individuals in stock markets) and aims to reach fast short term goals for wealth maximization of shareholders.
The present research paper proposes to illustrate information on various corporate governance models established on principles of above mentioned fundamental models and analyze the influence of political, cultural and legal factors on existence of corporate governance models.
Keywords: corporate governance models, insider model, outsider model, factors affecting corporate governance, political influence on corporate governance, cultural influence, legal influence, establishment of corporate governance
JEL Classification: D40, G15, G30, G32, G39, H11
Suggested Citation: Suggested Citation
Abdumavlonov, Abduvali Abdusalomovich, Factors Influencing Establishment and Existence of Corporate Governance Models (April 5, 2011). Available at SSRN: https://ssrn.com/abstract=2059958 or http://dx.doi.org/10.2139/ssrn.2059958