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Corporate governance and accountability

In: Handbook of the International Political Economy of the Corporation

Author

Listed:
  • Antoine Rebérioux
  • Gwenaël Roudaut

Abstract

This chapter provides an overview of the literature on corporate governance and corporate accountability, focusing on listed companies. It first surveys the normative debate on corporate responsibility, opposing two antagonistic models: the shareholder primacy model and the corporate social responsibility model. It then relates this (normative) diversity to the empirical diversity in corporate governance systems. The following sections narrow the scope of the analysis, to discuss in more details two crucial governance mechanisms and their effects on various firm outcomes: the distribution of stock ownership, and the composition and functioning of the board of directors.

Suggested Citation

  • Antoine Rebérioux & Gwenaël Roudaut, 2018. "Corporate governance and accountability," Chapters, in: Andreas Nölke & Christian May (ed.), Handbook of the International Political Economy of the Corporation, chapter 2, pages 29-44, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16821_2
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