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 justify 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
Rae André (2010). Assessing the Accountability of Government-Sponsored Enterprises and Quangos. Journal of Business Ethics 97 (2):271 - 289.
Salla Laasonen, Martin Fougère & Arno Kourula (2012). Dominant Articulations in Academic Business and Society Discourse on NGO–Business Relations: A Critical Assessment. [REVIEW] Journal of Business Ethics 109 (4):521-545.
Similar books and articles
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.
Flávio M. Rabelo & Flávio C. Vasconcelos (2002). Corporate Governance in Brazil. Journal of Business Ethics 37 (3):321 - 335.
Bryan W. Husted & Carlos Serrano (2002). Corporate Governance in Mexico. Journal of Business Ethics 37 (3):337 - 348.
Scott Hershovitz (2011). The Role of Authority. Philosophers' Imprint 11 (7).
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.
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.
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.
Nien-hê Hsieh (2007). Managers, Workers, and Authority. Journal of Business Ethics 71 (4):347 - 357.
J. Oosterhout (2007). Authority and Democracy in Corporate Governance? Journal of Business Ethics 71 (4):359 - 370.
Added to index2009-01-28
Total downloads4 ( #267,670 of 1,101,896 )
Recent downloads (6 months)1 ( #306,556 of 1,101,896 )
How can I increase my downloads?