Explicating Media, Governance, and Capitalism: A Critical Comparative Analysis of Historical Cases

Edgell, Robert A., Watson, D., Harasta, B., Pfyl, R., & Xu, Y. (2015). Explicating media, governance, and capitalism: A critical comparative analysis of historical cases. Corporate Board: Role, Duties and Composition, 11(1), 30-46.

33 Pages Posted: 1 May 2018

See all articles by Robert Edgell

Robert Edgell

SUNY Polytechnic Institute; University of St. Gallen; Columbia University - Columbia Business School

David Watson

State University of New York (SUNY) - SUNY Polytechnic Institute

Balazs Harasta

Deutsche Bank AG

Roland Pfyl

Finanzkontrolle Kanton Schwyz

Yingzi Xu

Shanghai Theatre Academy

Date Written: March 31, 2015

Abstract

Ample literature argues that media is vital for the functioning of democratic public discourse and helps other firms comply with effective governance. While scholars have focused on understanding media’s impact on corporate governance, they have not thoroughly investigated how media companies are governed. Accordingly, we adopt a qualitative and comparative historical case narrative approach for investigating and analyzing corporate governance in commercial media firms. The paper contributes nuanced and critical insights into governance practices in the context of institutional change. Our evidence suggests that commercial media, suffering from firm governance challenges, may not have the collective capacity to effectively function as meaningful discursive components in capitalist systems. The paper concludes with a critical discussion and additional areas for future research.

Keywords: Media, Historical Cases, Corporate Governance

JEL Classification: G34, L82

Suggested Citation

Edgell, Robert and Watson, David and Harasta, Balazs and Pfyl, Roland and Xu, Yingzi, Explicating Media, Governance, and Capitalism: A Critical Comparative Analysis of Historical Cases (March 31, 2015). Edgell, Robert A., Watson, D., Harasta, B., Pfyl, R., & Xu, Y. (2015). Explicating media, governance, and capitalism: A critical comparative analysis of historical cases. Corporate Board: Role, Duties and Composition, 11(1), 30-46., Available at SSRN: https://ssrn.com/abstract=3033322

Robert Edgell (Contact Author)

SUNY Polytechnic Institute ( email )

100 Seymour Road
Utica, NY NY 13502
United States

University of St. Gallen

Varnbuelstr. 14
Saint Gallen, St. Gallen CH-9000
Switzerland

Columbia University - Columbia Business School

3022 Broadway
New York, NY 10027
United States

David Watson

State University of New York (SUNY) - SUNY Polytechnic Institute ( email )

100 Seymour Road
Utica, NY NY 13502
United States

Balazs Harasta

Deutsche Bank AG ( email )

31 West 52nd Street, 12th Floor
New York, NY 10019
United States

Roland Pfyl

Finanzkontrolle Kanton Schwyz

Germany

Yingzi Xu

Shanghai Theatre Academy ( email )

Shanghai
China

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