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Corporate Governance Theories: From Micro Theories to National Systems Theories

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  • Gérard Charreaux

    () (Université de Bourgogne)

Abstract

The objective of this article is to conduct a survey of the different corporate governance theories. In the first part, we present the micro theories by opposing the disciplinary view to the knowledge-based view. The second part deals with the macro or national systems theories. We separate the theories based on appropriation of the organizational rent from those attributing a dominant role to production. This survey highlights that the financial view of corporate governance is a very particular case and presents many limits.

Suggested Citation

  • Gérard Charreaux, 2004. "Corporate Governance Theories: From Micro Theories to National Systems Theories," Working Papers CREGO 1041202, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
  • Handle: RePEc:dij:wpfarg:1041202
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    Cited by:

    1. Soo H. Lee & Taeyoung Yoo, 2008. "Competing Rationales for Corporate Governance in France: Institutional Complementarities between Financial Markets and Innovation Systems," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(2), pages 63-76, March.
    2. Evelyne Poincelot & Grégory Wegmann, 2006. "Perspectives on non-financial indicators as a strategic management accounting tool:A French inquiry," Working Papers CREGO 1060905, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    3. repec:rss:jnljef:v3i3p6 is not listed on IDEAS

    More about this item

    Keywords

    national systems of governance; micro theories of corporate governance; macro theories of corporate governance; disciplinary view; knowledge-based view; law and finance view; political theory; varieties of capitalism.;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • P50 - Economic Systems - - Comparative Economic Systems - - - General

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