Corporate Governance: What Can We Learn from Public Governance?

Academy of Management Review, Forthcoming

30 Pages Posted: 5 Apr 2006

See all articles by Matthias Benz

Matthias Benz

University of Zurich - Department of Economics

Bruno S. Frey

CREMA; University of Basel

Abstract

In view of recent corporate scandals, it is argued that corporate governance can learn from public governance. Institutions devised to control and discipline the behavior of executives in the political sphere can give new insights into how to improve the governance of firms. Proposals in four specific areas are discussed: manager compensation, the division of power within firms, rules of succession in top positions, and institutionalized competition in core areas of the corporation.

Keywords: corporate governance, public governance, agency theory, democratic institutions

JEL Classification: G34, H01, M20

Suggested Citation

Benz, Matthias and Frey, Bruno S., Corporate Governance: What Can We Learn from Public Governance?. Academy of Management Review, Forthcoming. Available at SSRN: https://ssrn.com/abstract=894821

Matthias Benz

University of Zurich - Department of Economics ( email )

Zuerich, 8006
Switzerland

Bruno S. Frey (Contact Author)

CREMA ( email )

Südstrasse 11
Zurich, CH 8008
Switzerland
+41 44 380 00 78 (Phone)

University of Basel ( email )

Peter Merian-Weg 6
Basel, 4002
Switzerland

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