The objective of this article is to conduct a survey of the different corporate governance theories. In the first part, we present the micro theories by opposing the disciplinary view to the knowledge-based view. The second part deals with the macro or national systems theories. We separate the theories based on appropriation of the organizational rent from those attributing a dominant role to production. This survey highlights that the financial view of corporate governance is a very particular case and presents many limits.
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Paper provided by Université de Bourgogne - Latec/Fargo (Research center in Finance,organizational ARchitecture and GOvernance) in its series Working Papers FARGO with number
1041202.
Find related papers by JEL classification: G30 - Financial Economics - - Corporate Finance and Governance - - - General P50 - Economic Systems - - Comparative Economic Systems - - - General
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Thorsten Beck & Asli Demirguc-Kunt & Ross Levine, 2002.
"Law, Endowment, and Finance,"
NBER Working Papers
9089, National Bureau of Economic Research, Inc.
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