Corporate governance reform: A social constructionist approach to recurring problems under agency theory's influence

African Journal of Business Ethics 2 (1):10 (2007)
  Copy   BIBTEX


A shift in the cultural conception of the firm as productionsystem to that as investment-system entrenches the institutional logic of agency theory in governance reform. Reform initiatives emphasize the separation between management and the board, forensic reporting requirements, and the primacy of shareholders' entitlement to control and residual gains. Problems associated with this agency logic render reform unable to deliver a broad-based ethical operating environment. The introduction of a version of stakeholder theory, augmented by Knightian uncertainty, places the development of an alternative conception of the firm into discourse. Implications for governance reform are considered



    Upload a copy of this work     Papers currently archived: 92,953

External links

  • This entry has no external links. Add one.
Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Corporate governance and firm performance of listed Indian companies.Premananda Sethi, Tarak Nath Sahu & Sudarshan Maity - 2023 - International Journal of Business Governance and Ethics 17 (5):573-588.


Added to PP

3 (#1,727,010)

6 months
1 (#1,514,069)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references