Shareholding Versus Stakeholding: a critical review of corporate governance
The current debate and theorising on corporate governance has been polarised between a shareholder perspective and a stakeholder perspective. While advocates and supporters of each camp attempt to justify the superiority, rationality and universality of each model in theory, they rarely pay attention to the age-old conceptions, assumptions and presuppositions underpinning their perspectives which are less credible and valid in matching the continually changing practice of corporate governance. This paper serves as a survey and critical review of major current theories on corporate governance. In so doing, it reveals the inadequacy of conventional approaches employed in corporate governance theorising. It calls for a new mode of thinking in analysing corporate governance and concludes by outlining a new direction of research in this field. Copyright Blackwell Publishing Ltd. 2004.
Year of publication: |
2004
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Authors: | Letza, Steve ; Sun, Xiuping ; Kirkbride, James |
Published in: |
Corporate Governance: An International Review. - Wiley Blackwell, ISSN 0964-8410. - Vol. 12.2004, 3, p. 242-262
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Publisher: |
Wiley Blackwell |
Saved in:
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