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the firm and its governance over the industry life-cycle

Author

Listed:
  • Jackie Krafft

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique)

  • Jacques-Laurent Ravix

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique)

Abstract

Uniformity in modes of governance of the firm is now widely debated. So far, the predominant thesis was that there should be a superior model promoting optimality by disclosure of information and transparency. But today this thesis is greatly contested, since the adoption of a unique and universal set of rules and arrangements neglects the diversity and heterogeneity of firms, industries, as well as institutional contexts (Becht et al., 2005). Moreover, evidence shows that this unique model of governance tends to generate major failures and turbulence, especially in innovative industries (Fransman, 2002; Lazonick and O’Sullivan, 2002; Krafft and Ravix, 2005). What emerges as a result is that different types of rules and norms should govern differently entrepreneurial as well as public firms, depending on the industry in which they operate and the stage of development of this industry.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jackie Krafft & Jacques-Laurent Ravix, 2007. "the firm and its governance over the industry life-cycle," Post-Print halshs-00462571, HAL.
    • Handle: RePEc:hal:journl:halshs-00462571
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    Cited by:

    1. Jackie Krafft & Yiping Qu & Jacques-Laurent Ravix, 2011. "Gouvernance d'entreprise et performances sectorielles : une réévaluation de la fiabilité des scores et des mesures de bonne gouvernance," Economie & Prévision, La Documentation Française, vol. 0(1), pages 145-158.
    2. Jackie Krafft & Jacques-Laurent Ravix, 2009. "The Governance of the Knowledge-Intensive Firm in an Industry Life Cycle Approach," Chapters, in: Mario Morroni (ed.), Corporate Governance, Organization and the Firm, chapter 3, Edward Elgar Publishing.
    3. Jackie Krafft & Yiping Qu & Jacques-Laurent Ravix, 2008. "Corporate governance, industry dynamics and firms performance on the stock market," Post-Print hal-00203544, HAL.
    4. Marco Cucculelli, 2018. "Firm age and the probability of product innovation. Do CEO tenure and product tenure matter?," Journal of Evolutionary Economics, Springer, vol. 28(1), pages 153-179, January.

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