THE SEMANTICS OF GOVERNANCE. (The common thread running through corporate, public, and global governance.)
This paper argues that the semantics of governance illustrates connections and provides a unifying view from which to understand much better its natural branches: corporate, public and global governance. In this regard, governance is presented from the point of view of a distinctive field of learning and practice. Further, three levels of analysis are carried out to drive the subject home. Firstly, it highlights the extent of corporate governance within an institutional framework, and also gives heed to some performance measurement devices: the governance index, the comparativeeconomics approach, and the governance slack model. Secondly, it frames the notion of public governance while due regard is given to the World Bank’s methodology and the public governance wave of reforms in the 80s and 90s. Afterwards, the development goes further to handle the linkage among constituents, charters and representation, so as to later cope with the problems raised by accountability and reputational intermediaries. Thirdly, it addresses the semantics of global governance, country assessments and corporate governance in global settings.
|Date of creation:||Sep 2003|
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NBER Working Papers
8449, National Bureau of Economic Research, Inc.
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- Rodolfo Apreda, 1999. "The Cash Flow Model with Float: A New Approach to Deal with Valuation and Agency Problems," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 247-279, November.
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- Edward L. Glaeser, 2002. "The Governance of Not-for-Profit Firms," Harvard Institute of Economic Research Working Papers 1954, Harvard - Institute of Economic Research.
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