David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 71 (4):359 - 370 (2007)
Although McMahon offers a potentially valuable extension of Joseph Raz's conceptualization of authority by distinguishing three different kinds of authority, this paper argues, first, that his account of the conditions and considerations that would justfy managerial authority is problematic because it relies on a conception of reasons for action that excludes precisely the kind of rationality that plays an important role in the explanation and justification of authority in economic organization. This paper explains, second, why McMahon's thesis of the justificatory similarity of authority in governments and nongovernmental organizations can also be seen to hold for corporate governance of publicly owned firms more specifically. Finally, this paper raises some critical objections against McMahon's presumption of democratic governance in governments and NGO's alike. The thrust of these objections is that democratic corporate governance does not make sense in the publicly owned firms because: (1) it will not produce results that are fair or welfare maximizing, and (2) it will undermine the legitimacy of managerial authority in such firms.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
J. van Oosterhout (2007). Authority and Democracy in Corporate Governance? Journal of Business Ethics 71 (4):359-370.
Nien-hê Hsieh (2007). Managers, Workers, and Authority. Journal of Business Ethics 71 (4):347 - 357.
Jeffrey Moriarty (2007). McMahon on Workplace Democracy. Journal of Business Ethics 71 (4):339 - 345.
Dean J. Machin (2009). The Irrelevance of Democracy to the Public Justification of Political Authority. Res Publica 15 (2):103-120.
G. J. Rossouw, A. van der Watt & D. P. Malan Rossouw (2002). Corporate Governance in South Africa. Journal of Business Ethics 37 (3):289 - 302.
Jeffery D. Smith (2007). Managerial Authority as Political Authority: A Retrospective Examination of Christopher McMahon's Authority and Democracy. [REVIEW] Journal of Business Ethics 71 (4):335 - 338.
David Rondel (2012). Raz on Authority and Democracy. Dialogue 51 (2):211-230.
Scott Hershovitz (2011). The Role of Authority. Philosophers' Imprint 11 (7).
Flávio M. Rabelo & Flávio C. Vasconcelos (2002). Corporate Governance in Brazil. Journal of Business Ethics 37 (3):321 - 335.
Armand Picou & Michael J. Rubach (2006). Does Good Governance Matter to Institutional Investors? Evidence From the Enactment of Corporate Governance Guidelines. Journal of Business Ethics 65 (1):55 - 67.
Bryan W. Husted & Carlos Serrano (2002). Corporate Governance in Mexico. Journal of Business Ethics 37 (3):337 - 348.
Viet Ha Hoang (2006). Securities Market and Corporate Governance of Privatised Firms. International Journal of Business Governance and Ethics 2 (s 3-4):254-279.
Daniel Star & Candice Delmas (2011). Three Conceptions of Practical Authority. Jurisprudence 2 (1):143-160.
Stephen Yan-Leung Cheung, J. Thomas Connelly & Piman Limpaphayom (2007). Determinants of Corporate Disclosure and Transparency. International Corporate Responsibility Series 3:313-342.
Tessa Hebb (2006). The Economic Inefficiency of Secrecy: Pension Fund Investors' Corporate Transparency Concerns. [REVIEW] Journal of Business Ethics 63 (4):385 - 405.
Added to index2011-05-29
Total downloads3 ( #292,437 of 1,100,851 )
Recent downloads (6 months)1 ( #289,727 of 1,100,851 )
How can I increase my downloads?