Header

UZH-Logo

Maintenance Infos

Globalization and the political role of the firm: Implications for corporate governance


Schneider, Anselm (2010). Globalization and the political role of the firm: Implications for corporate governance. In: 2010 Annual Meeting of the Academy of Management, Montreal, Canada, 8 August 2010 - 10 August 2010, 1-15.

Abstract

Present-day discussions of corporate Governance is mainly centered on finance-related issues and the relation of shareholders and management. However, this view neglects the fundamental changes of the operating conditions of business due to globalization and the weakening of regulatory frameworks, not only changing the role of business, rendering it a political actor in part. Futhermore, the very assumptions of dominant corporate governance theory are challenged. These developments can be regarded as a potential threat for organizational legitimacy. Whereas in the traditional view, corporate governance safeguarded organizational legitimacy of the economic system as a whole, this congruence is not given in the situation of weak or even absent legal and regulatory frameworks. Drawing on suggestions to restore organizational legitimacy of the economic system as a whole, this congruence is not given in the situation of weak or even absent legal and regulatory frameworks. Drawing on suggestions to restore organizational legitimacy by means of discursive processes, I argue that corporate governance needs to become open to such processes to safeguard organizational legitimacy and therewith the legitimacy of the economic system in a globalized world. Based on these considerations, I will introduce basic requirements as well as limits for an according modification of current corporate governance practice.

Abstract

Present-day discussions of corporate Governance is mainly centered on finance-related issues and the relation of shareholders and management. However, this view neglects the fundamental changes of the operating conditions of business due to globalization and the weakening of regulatory frameworks, not only changing the role of business, rendering it a political actor in part. Futhermore, the very assumptions of dominant corporate governance theory are challenged. These developments can be regarded as a potential threat for organizational legitimacy. Whereas in the traditional view, corporate governance safeguarded organizational legitimacy of the economic system as a whole, this congruence is not given in the situation of weak or even absent legal and regulatory frameworks. Drawing on suggestions to restore organizational legitimacy of the economic system as a whole, this congruence is not given in the situation of weak or even absent legal and regulatory frameworks. Drawing on suggestions to restore organizational legitimacy by means of discursive processes, I argue that corporate governance needs to become open to such processes to safeguard organizational legitimacy and therewith the legitimacy of the economic system in a globalized world. Based on these considerations, I will introduce basic requirements as well as limits for an according modification of current corporate governance practice.

Statistics

Downloads

222 downloads since deposited on 19 Jan 2011
13 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Conference or Workshop Item (Paper), refereed, original work
Communities & Collections:03 Faculty of Economics > Center for Corporate Responsibility and Sustainability
Dewey Decimal Classification:330 Economics
Language:English
Event End Date:10 August 2010
Deposited On:19 Jan 2011 09:01
Last Modified:11 Aug 2017 21:47
Related URLs:http://www.ccrs.uzh.ch (Author)

Download

Preview Icon on Download
Preview
Filetype: PDF
Size: 295kB

TrendTerms

TrendTerms displays relevant terms of the abstract of this publication and related documents on a map. The terms and their relations were extracted from ZORA using word statistics. Their timelines are taken from ZORA as well. The bubble size of a term is proportional to the number of documents where the term occurs. Red, orange, yellow and green colors are used for terms that occur in the current document; red indicates high interlinkedness of a term with other terms, orange, yellow and green decreasing interlinkedness. Blue is used for terms that have a relation with the terms in this document, but occur in other documents.
You can navigate and zoom the map. Mouse-hovering a term displays its timeline, clicking it yields the associated documents.

Author Collaborations