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Theories of Corporate Governance - Thomas Clarke

Theories of Corporate Governance

By: Thomas Clarke (Editor)

Hardcover Published: 12th August 2004
ISBN: 9780415323086
Number Of Pages: 384

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From being a subject at the margins of finance, economics, accounting, law and management, corporate governance is now becoming a subject of more central concern to each of these disciplines, and increasingly is regarded as a subject that is at the heart of business and management studies. This book brings together the most influential writing in corporate governance drawn from finance, economics, accounting, law and management in an integrative and interdisciplinary way.
Intended as a companion volume to International Corporate Governance that surveys the global development of corporate governance policy and practice, this book Theories of Governance provides a valuable grounding in the classical theories underpinning contemporary analysis of corporate governance:
* The origins of the modern business enterprise
* The separation of ownership and control
* How economic activity is organized through firms
* The managerial revolution in business
* Agency problems of managers representing investors
* Risk management and the conception of the company as a series of transactions
* Shareholder value as the ultimate objective and measure of corporate success
* Managerial hegemony and nominal boards of directors
* Stewardship theory and company board performance
* Stakeholder theory and the conception of the company as a set of relationships
* The globalization of corporations, equity markets, and corporate governance
* Convergence and divergence in corporate governance systems
* The impact of corporate objectives upon corporate stakeholders

Industry Reviews

'[A] magisterial work. At whatever level corporate governance is being studied and reviewed, there can be no doubt about the value of Professor Clarke's book in bringing together and clarifying the theories which have contributed to, and have relevance for, the development of corporate governance.' - Sir Adrian Cadbury

'This unique collection brings together this widely dispersed material for the first time, providing students and researchers in corporate governance with an unrivalled resource.' - International Institute of Administrative Sciences

'Every student of corporate governance will want to read Thomas Clarke's book to aid them in making sense of what is otherwise becoming an endless corporate governance maze.' - Professor Douglas M. Branson, University of Pittsburgh, USA

Theories of Governance: Reconceptualising corporate governance theory after the Enron experience
Economic Foundations
The Managerial Revolution in American Business
The Impact of the Corporation on Classical Economic Theory
Agency Theory
Theory of the Firm, Managerial Behaviour, Agency Costs and Ownership Structure
Separation of Ownership and Control
Agency Theory: An assessment and review
Managerial Hegemony
Directors: Myth and reality
Pawns Or Potentates: The Reality of America's Corporate Boards
Stewardship Theory
Towards A Stewardship Theory of Management
External Pressures
The Resource Dependence Role of Corporate Directors: Strategic adaptation of board composition in response to environmental change
Institutional and Strategic Choice Perspectives on Board Involvement in the Strategic Decision Process
A General Theory of Network Governance: Exchange conditions and social mechanisms
Stakeholder Theory
Ownership and Control: Rethinking corporate governance for the 21st century
The Stakeholder Corporation: A business philosophy for the information age
Theories of Convergence
Corporate Leadership in a Globalising Equity Market
Corporate Governance and Globalisation: Is there convergence across countries?
Capital Unbound?: The transformation of European corporate governance
The Very Uncertain Prospects of "Global" Convergence In Corporate Governance
Critique of Shareholder Value
Maximising Shareholder Value: A new ideology for corporate governance
Corporate Governance, Property and Democracy: A conceptual critique of shareholder ideology
Post-Enron Theories
What Enron Means for the Management and Control of the Modern Business Corporation: Some initial reflections
What Caused Enron?: A capsule social and economic history of the 1990s
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415323086
ISBN-10: 0415323088
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 384
Published: 12th August 2004
Country of Publication: GB
Dimensions (cm): 24.77 x 19.68  x 2.54
Weight (kg): 0.97
Edition Number: 1