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Hard and Soft Controls: Mind the Gap!

Author

Listed:
  • Tawhid Chtioui

    (ISEG Business and Finance School)

  • Stéphanie Thiéry

    (ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

Abstract

With the recent economic and financial crisis and other excesses working as catalysts, corporate governance, regulation and internal control have become inescapable topics in our present day society. Despite the introduction of new rules and the strengthening of the existing control bodies, new events could shake the global economy and call into question the effectiveness of the current control mechanisms. Between the obsession with formal control, which systematically leads to more regulation, and the search for other control systems, which would enable one to master the informal mechanisms, we have completed our analysis in this article with a review of the possible interactions between informal and formal control.

Suggested Citation

  • Tawhid Chtioui & Stéphanie Thiéry, 2011. "Hard and Soft Controls: Mind the Gap!," Post-Print hal-04675812, HAL.
    • Handle: RePEc:hal:journl:hal-04675812
    as

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