David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
International Journal of Business Governance and Ethics 1 (1):78-94 (2004)
This paper evaluates the validity of three theoretical paradigms in corporate governance: shareholder theory, stakeholder theory and stewardship theory. It assesses the philosophical basis of each using elements of engineering control theory, cybernetics and the political science literature. I conclude that neither shareholder nor stakeholder theory offers an effective basis for corporate governance, but that stewardship is the direction in which corporate governance practice should evolve, if organisations are to deliver benefits to both their owners and other beneficiaries whilst not significantly harming the interests of other groups.
|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
Rama B. Rao (2007). Good Corporate Governance Initiative to Ensure Corporate Social Responsibility. International Corporate Responsibility Series 3:395-414.
Andrew West (2006). Theorising South Africa's Corporate Governance. Journal of Business Ethics 68 (4):433 - 448.
Emmanuel Adegbite, Kenneth Amaeshi & Olufemi Amao (2012). The Politics of Shareholder Activism in Nigeria. Journal of Business Ethics 105 (3):389-402.
Javed Siddiqui (2010). Development of Corporate Governance Regulations: The Case of an Emerging Economy. [REVIEW] Journal of Business Ethics 91 (2):253 - 274.
Rick Molz (1995). The Theory of Pluralism in Corporate Governance: A Conceputal Framework and Empirical Test. [REVIEW] Journal of Business Ethics 14 (10):789 - 804.
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.
Debbie M. Thorne & Beverly T. Venable (2008). Governance Theory and Practice for Nonprofit Organisations. International Journal of Business Governance and Ethics 4 (2):148-168.
Bryan W. Husted & Carlos Serrano (2002). Corporate Governance in Mexico. Journal of Business Ethics 37 (3):337 - 348.
Elias Bengtsson (2007). Organisational Approaches to Corporate Governance: An Empirical Study on Shareholder Activism. International Journal of Business Governance and Ethics 3 (3):238-249.
Olufemi Amao & Kenneth Amaeshi (2008). Galvanising Shareholder Activism: A Prerequisite for Effective Corporate Governance and Accountability in Nigeria. [REVIEW] Journal of Business Ethics 82 (1):119 - 130.
Added to index2009-01-28
Total downloads63 ( #29,457 of 1,679,396 )
Recent downloads (6 months)2 ( #111,749 of 1,679,396 )
How can I increase my downloads?