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Entrepreneurs and democracy : A political theory of corporate governance

Author

Listed:
  • Pierre-Yves Gomez

    (EM - EMLyon Business School)

  • Harry Korine

Abstract

What legitimizes power within a corporation? This question is of concern to the millions of citizens whose lives depend upon the fate of business corporations. The rules, institutions and practices of corporate governance define the limits of the power to direct, and determine under what conditions this power is acceptable. Effective corporate governance has long been defined in terms of economic performance. More recent studies have focused on philosophical, political and historical analyses. Entrepreneurs and Democracy unites these strands of inquiry - the legitimacy of power, the evolution of multiple forms of governance and the economics of performance - and proposes a framework for future study. It explores the opposing tensions of entrepreneurial force and social fragmentation that form the basis of legitimate corporate governance in modern societies. In doing so, it identifies a common logic that links both the democratization of corporate governance and the growth of economic performance.

Suggested Citation

  • Pierre-Yves Gomez & Harry Korine, 2008. "Entrepreneurs and democracy : A political theory of corporate governance," Post-Print hal-02298100, HAL.
    • Handle: RePEc:hal:journl:hal-02298100
    as

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    Citations

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    Cited by:

    1. Ingo Pies & Philipp Schreck & Karl Homann, 2021. "Single-objective versus multi-objective theories of the firm: using a constitutional perspective to resolve an old debate," Review of Managerial Science, Springer, vol. 15(3), pages 779-811, April.
    2. Fabrizio Ferraro, 2019. "Going political? Towards deliberative corporate governance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(1), pages 3-20, March.
    3. Anselm Schneider, 2015. "Reflexivity in Sustainability Accounting and Management: Transcending the Economic Focus of Corporate Sustainability," Journal of Business Ethics, Springer, vol. 127(3), pages 525-536, March.
    4. Peter Wirtz & Pierre-Yves Gomez, 2008. "Institutionnalisation des régimes de gouvernance et rôle des institutions socles : le cas de la cogestion allemande," Post-Print halshs-00746276, HAL.
    5. Thibaut Bardon & Stewart Clegg & Emmanuel Josserand, 2012. "Exploring identity construction from a critical management perspective: a research agenda," Post-Print hal-00949864, HAL.
    6. Sophie Bacq & Ruth V. Aguilera, 2022. "Stakeholder Governance for Responsible Innovation: A Theory of Value Creation, Appropriation, and Distribution," Journal of Management Studies, Wiley Blackwell, vol. 59(1), pages 29-60, January.
    7. Arnaud Lacan, 2022. "Value-Based Governance as a Performance Element in Social and Solidarity Economy Organizations: A French Sustainable Post-Modern Proposal," Sustainability, MDPI, vol. 14(4), pages 1-11, February.
    8. Anselm Schneider & Andreas Scherer, 2015. "Corporate Governance in a Risk Society," Journal of Business Ethics, Springer, vol. 126(2), pages 309-323, January.
    9. Arnaud Lacan, 2022. "Value-Based Governance as a Performance Element in Social and Solidarity Economy Organizations: A French Sustainable Post-Modern Proposal," Post-Print hal-03620280, HAL.

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