Good Practices in Corporate Governance: One-Size-Fits-All vs. Comply-or-Explain
There are many studies exploring the effects of hard and soft legislation on good practices. Few studies examine the strengths and weaknesses of particular legislation. These mainly focus on positive results of legislation and justify the application of existing approach for better practices. The study compares the approaches of hard and soft legislation. It finds that both approaches are suitable for implementation despite of state policy. The analysis is developed by using the practices of several countries for latest 20 years. This study explored national legislation and its effects on good practices in corporate governance. It revealed that there was no significant difference between state policy and approaches, and between legislation and corporate governance practices. The objective of the study is to develop deeper insight into pros and cons adoptation of approaches. Comparative analysis shows that state policy determines the good practices. Moreover, the conclusion point out that there is a small freedom of action for companies to attract investors.
|Date of creation:||08 Nov 2013|
|Date of revision:|
|Publication status:||Published in International Journal of Business Administration 6.4(2013): pp. 75-81|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jan Zielonka, 2007. "Plurilateral Governance in the Enlarged European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 45, pages 187-209, 03.
- Marlene Davies & Bernadette Schlitzer, 2008. "The impracticality of an international “one size fits all” corporate governance code of best practice," Managerial Auditing Journal, Emerald Group Publishing, vol. 23(6), pages 532-544, July.
- Iain MacNeil & Xiao Li, 2006. ""Comply or Explain": market discipline and non-compliance with the Combined Code," Corporate Governance: An International Review, Wiley Blackwell, vol. 14(5), pages 486-496, 09.
- Sanderson, P. & Seidl, D. & Roberts, J. & Krieger, B., 2010. "Flexible or not? The Comply-or-Explain Principle in UK and German Corporate Governance," ESRC Centre for Business Research - Working Papers wp407, ESRC Centre for Business Research.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:52225. 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: (Joachim Winter)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.