On the (Political) Origin of ‘Corporate Governance’ Species

17 Pages Posted: 28 May 2020

See all articles by Massimiliano Vatiero

Massimiliano Vatiero

Università della Svizzera italiana; University of Trento

Multiple version iconThere are 2 versions of this paper

Date Written: April 2017


Although economies, business practices and living standards have converged since WWII, corporate structures continue to differ among the advanced economies of the world. Looking at the diversity of corporate structures of large‐sized firms around the world (and over time) would fascinate Charles Darwin. This work develops a critical review of the literature on political determinants of corporate governance through the Darwinian theory (including some Lamarckian aspects). As Darwin, in his work On the Origin of Species, explicates the diversity of species of tortoises, finches and iguanas of the Galapagos Islands, so Darwinism may contribute in understanding the origin and the persistence of corporate diversity. In particular, this paper takes into account politics‐driven variations, their inheritances, and the subsequent selection of advantageous ‘corporate’ attributes.

Keywords: Corporate governance, Darwin, Path‐dependency, Politics

Suggested Citation

Vatiero, Massimiliano, On the (Political) Origin of ‘Corporate Governance’ Species (April 2017). Journal of Economic Surveys, Vol. 31, Issue 2, pp. 393-409, 2017, Available at SSRN: https://ssrn.com/abstract=3608892 or http://dx.doi.org/10.1111/joes.12147

Massimiliano Vatiero (Contact Author)

Università della Svizzera italiana ( email )

Via Giuseppe Buffi, n. 13
Lugano, Ticino 6900

University of Trento ( email )

Via Inama, 5
Trento, Trento 38122

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