IDEAS home Printed from https://ideas.repec.org/a/and/journl/v12y2012i3p51-62.html
   My bibliography  Save this article

Effects of Environmental and Organizational Factors on Corporate Governance Practices

Author

Listed:
  • Ali Ender Altunoglu

    () (Adnan Menderes University)

Abstract

The management literature provides four different approaches to explain the relationships between groups inside a company: Shareholder Theory, Stakeholder Theory, Agency Theory, Corporate Governance. This paper firstly discusses the theories and subsequently focuses on corporate governance practices. Having investigated the relevant literature, it is concluded that there are some variables that might affect the success of implementation process. These internal and external variables have come together in different ways to create a range of corporate governance systems that reflect specific market structures, legal systems, traditions, regulations, and cultural and societal values. The paper focuses on the effects of corporate culture, firm size and emerging markets and crises on corporate governance practices. It argues that some relationships might exist between design variables of corporate governance application and a firm’s internal and external characteristics; there is no one “best” way to apply a corporate governance system. It is concluded that the success of corporate governance depends on the conditions under which it is employed.

Suggested Citation

  • Ali Ender Altunoglu, 2012. "Effects of Environmental and Organizational Factors on Corporate Governance Practices," Anadolu University Journal of Social Sciences, Anadolu University, vol. 12(3), pages 51-62, September.
  • Handle: RePEc:and:journl:v:12:y:2012:i:3:p:51-62
    as

    Download full text from publisher

    File URL: http://www.anadolu.edu.tr/arastirma/hakemli_dergiler/sosyal_bilimler/pdf/2012_3/2012-03-04.pdf
    Download Restriction: no

    More about this item

    Keywords

    Shareholder Theory; Stakeholder Theory; Agency Theory; Corporate Governance;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:and:journl:v:12:y:2012:i:3:p:51-62. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Social Sciences Institute). General contact details of provider: http://edirc.repec.org/data/iianatr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.