Corporate Governance Theories: From Micro Theories to National Systems Theories

Universite de Bourgogne Fargo Working Paper No. 1040101

54 Pages Posted: 16 Jan 2004

Date Written: January 2004

Abstract

The objective of this article is to make a survey of the different corporate governance theories. In the first part, we present the micro theories by opposing the disciplinary view to the knowledge-based view. The second part deals with the macro or national systems theories. We separate the theories based on appropriation of the organizational rent from those attributing a dominant role to production. This survey highlights that the financial view of corporate governance is only a very particular case, which presents many limits.

Keywords: National systems of governance, micro theories of corporate governance, macro theories of corporate governance, disciplinary view, knowledge-based view, financial view, political theory, varieties of capitalism

JEL Classification: G300, P500

Suggested Citation

Charreaux, Gerard, Corporate Governance Theories: From Micro Theories to National Systems Theories (January 2004). Universite de Bourgogne Fargo Working Paper No. 1040101, Available at SSRN: https://ssrn.com/abstract=486522 or http://dx.doi.org/10.2139/ssrn.486522

Gerard Charreaux (Contact Author)

Universite de Bourgogne - LEG/FARGO ( email )

2, Bd Gabriel, BP 26611
Pole d'economie et de gestion
Dijon Cedex, 21066
France
33380395435 (Phone)
33380395488 (Fax)

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