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Developing an organizational theory of corporate governance: comments on Henry L. Tosi, Jr. (2008) “Quo Vadis? Suggestions for future corporate governance research”

Developing an organizational theory of corporate governance: comments on Henry L. Tosi, Jr.... J Manage Gov (2008) 12:171–178 DOI 10.1007/s10997-008-9055-8 Developing an organizational theory of corporate governance: comments on Henry L. Tosi, Jr. (2008) ‘‘Quo Vadis? Suggestions for future corporate governance research’’ Igor Filatotchev Published online: 21 May 2008 Springer Science+Business Media, LLC. 2008 The last decade has witnessed an explosion in both policy and research devoted to corporate governance. In his article, Henri Tosi provides a comprehensive outline of the relevant theory and research on corporate governance and outlines a number of issues that should be addressed in future work. In my comments, I would like to follow up on some of his suggestions, and add a number of other dimensions which, I think, are closely related to his arguments. From a theoretical point of view, most of the empirical literature on corporate governance has been rooted in agency theory, and is concerned with linking different aspects of corporate governance with firm performance. The assumption here is that by managing the principle-agency problem between shareholders and managers, firms will operate more efficiently and perform better. The central premise of this framework is that managers as agents of shareholders (principles) can engage in self-serving behavior that may be inconsistent with the shareholders’ http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Management & Governance Springer Journals

Developing an organizational theory of corporate governance: comments on Henry L. Tosi, Jr. (2008) “Quo Vadis? Suggestions for future corporate governance research”

Filatotchev, Igor
Journal of Management & Governance , Volume 12 (2) – May 21, 2008
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References (15)

Publisher
Springer Journals
Copyright
Copyright © 2008 by Springer Science+Business Media, LLC.
Subject
Business and Management; Management; Accounting/Auditing; Industrial Organization; Sociology, general
ISSN
1385-3457
eISSN
1572-963X
DOI
10.1007/s10997-008-9055-8
Publisher site
See Article on Publisher Site

Abstract

J Manage Gov (2008) 12:171–178 DOI 10.1007/s10997-008-9055-8 Developing an organizational theory of corporate governance: comments on Henry L. Tosi, Jr. (2008) ‘‘Quo Vadis? Suggestions for future corporate governance research’’ Igor Filatotchev Published online: 21 May 2008 Springer Science+Business Media, LLC. 2008 The last decade has witnessed an explosion in both policy and research devoted to corporate governance. In his article, Henri Tosi provides a comprehensive outline of the relevant theory and research on corporate governance and outlines a number of issues that should be addressed in future work. In my comments, I would like to follow up on some of his suggestions, and add a number of other dimensions which, I think, are closely related to his arguments. From a theoretical point of view, most of the empirical literature on corporate governance has been rooted in agency theory, and is concerned with linking different aspects of corporate governance with firm performance. The assumption here is that by managing the principle-agency problem between shareholders and managers, firms will operate more efficiently and perform better. The central premise of this framework is that managers as agents of shareholders (principles) can engage in self-serving behavior that may be inconsistent with the shareholders’

Journal

Journal of Management & Governance – Springer Journals

Published: May 21, 2008

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