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A cyclical view of the relationship between corporate governance and strategic management

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  • Wei Shen
  • Richard Gentry

Abstract

The vast majority of research on the relationship between corporate governance and strategic management focuses on the impact of corporate governance on strategic management. In this article we propose a cyclical model, highlighting that strategic decisions can also affect corporate governance through shaping firm ownership structure. We discuss the impacts of strategic decisions on firm ownership structure and corporate governance in the contexts of publicly traded firms, private firms, and the privatization of state-owned enterprises. We hope that our cyclical model can promote researchers to develop a more complete view about the relationships between strategic management, ownership structure, and corporate governance. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Wei Shen & Richard Gentry, 2014. "A cyclical view of the relationship between corporate governance and strategic management," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(4), pages 959-973, November.
    • Handle: RePEc:kap:jmgtgv:v:18:y:2014:i:4:p:959-973
    DOI: 10.1007/s10997-012-9248-z
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