This paper develops an organizational approach to corporate governance and assesses the effectiveness of corporate governance and implications for policy. Most corporate governance research focuses on a universal link between corporate governance practices (e.g. shareholder activism, board...

In this article, we develop a theoretical model to identify and explain the diversity of corporate governance across advanced capitalist economies. Our sociological approach is inspired by quot;actor-centeredquot; institutionalism in stressing the interplay of institutions and firm-level actors....