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Het disciplineringsmodel voorbij; over autoriteit en legitimiteit in Corporate Governance

Author

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  • van Oosterhout, J.

Abstract

In this inaugural address, it is argued that the field of corporate governance is focused too much on the agency problems between managers and shareholders that result from the separation of ownership and control in public companies. It is argued that the currently dominant managerial disciplining model of corporate governance should be broadened by including: (1) the benefits of centralized decision-making and managerial authority in public firms (and other forms of enterprise organization), (2) the distinct corporate governance problems of other forms of enterprise organization, and (3) issues of legitimacy that that arise when corporate actions unlawfully or disproportionally hurt the interests of third parties outside the firm.

Suggested Citation

  • van Oosterhout, J., 2008. "Het disciplineringsmodel voorbij; over autoriteit en legitimiteit in Corporate Governance," ERIM Inaugural Address Series Research in Management EIA-2008-033-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam..
  • Handle: RePEc:ems:euriar:13229
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    More about this item

    Keywords

    aandeelhouders; bestuursautoriteit; compliance; legitimiteit; stakeholders;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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