Theories of Corporate Governance

<p>In the wake of the financial and corporate scandals of recent years, corporate governance increasingly is recognised as being at the heart of understanding how and why businesses are run as they are. But while there are diverse and well-established theories of corporate governance, they are rarely gathered in a coherent and comparative way. <br><br>This comprehensive reader brings together the most influential writing in the field, with editorial commentary, to provide a uniquely interdisciplinary resource for students and lecturers that underpins contemporary analysis of corporate governance. Topics covered include:</p><ul> <li>the separation of ownership and control</li> <li>how economic activity is organised through firms</li> <li>the managerial revolution in business</li> <li>agency, stewardship and stakeholder theory </li> <li>globalization and convergence</li> <li>the critique of shareholder value</li> <li>post-Enron analysis.</li> </ul><p>Structured to provide an introduction and overview of corporate governance from the classical theories to contemporary controversies, this reader functions either as a stand-alone text, or as a companion to <em>International Corporate Governance</em>, a textbook also authored by Thomas Clarke.</p> <p>1. Theories of Governance: Reconceptualising corporate governance theory after the Enron experience Thomas Clarke Part 1: Economic Foundations 2. The Managerial Revolution in American Business Alfred D. Chandler (1977) 3. The Impact of the Corporation on Classical Economic Theory Berle,A. (1965) <strong>Part 2: Agency Theory </strong>4. Theory of the Firm, Managerial Behaviour, Agency Costs and Ownership Structure Jensen, M.C. and Meckling, W.H. (1976) 5. Separation of Ownership and Control Fama,E. and Jensen,M. (1985) 6. Agency Theory: An assessment and review Eisenhardt, K.M. (1989) <strong>Part 3: Managerial Hegemony </strong>7. Directors: Myth and reality Mace, M. (1971) 8. Pawns Or Potentates: The Reality of America's Corporate Boards Lorsch, J. and MacIver, E. (1989) Part 4: Stewardship Theory 9. Towards A Stewardship Theory of Management Davis, J.H., Schoorman, F.D., and Donaldson, L. , (1997) Part 5: External Pressures 10. The Resource Dependence Role of Corporate Directors: Strategic adaptation of board composition in response to environmental change A.J.Hillman, A.A. Cannella, and R.L. Paetzold (2000) 11. Institutional and Strategic Choice Perspectives on Board Involvement in the Strategic Decision Process W.Q.Judge and C.P. Zeithaml (1992) 12. A General Theory of Network Governance: Exchange conditions and social mechanisms C.Jones, W.S. Hesterly and S.P. Porgatti, (1997) Part 6: Stakeholder Theory 13. Ownership and Control: Rethinking corporate governance for the 21st century Margaret Blair (1995) 14. The Stakeholder Corporation: A business philosophy for the information age Thomas Clarke (1998) <strong>Part 7:Theories of Convergence </strong>15. Corporate Leadership in a Globalising Equity Market Michael Useem (1998) 16. Corporate Governance and Globalisation: Is there convergence across countries? Mauro F. Guillen (2000) 17. Capital Unbound?: The transformation of European corporate governance Rhodes, M. and Apeldoorn, B.v. (1998) 18. The Very Uncertain Prospects of Global Convergence In Corporate Governance Douglas M. Branson (2001) <strong>Part 8: Critique of Shareholder Value </strong>19. Maximising Shareholder Value: A new ideology for corporate governance Lazonick, W. and O'Sullivan, M. (2000) 20. Corporate Governance, Property and Democracy: A conceptual critique of shareholder ideology Ewal Engelen <strong>Part 9: Post-Enron Theories </strong>21. What Enron Means for the Management and Control of the Modern Business Corporation: Some initial reflections Jeffrey N. Gordon (2002) 22. What Caused Enron?: A capsule social and economic history of the 1990s John Coffee (2003)</p>