Stability and Change in Corporate Governance
Title
Stability and Change in Corporate Governance
Author
Davis, Gerald F.
Chu, Johan S. G.
Research Area
Social Institutions
Topic
Complex Organizations and Bureaucracies
Abstract
Corporate governance describes the process that allocates power and resources within organizations and the societal institutions that shape how they look, how they make decisions, and how the proceeds from their activities are divided. Research and theory traditionally focused on the institutions that overcome the separation of ownership and control created by dispersed shareholdings. Critics noted that this problem was distinctively American, and that corporate governance is shaped by history, culture, and power. We describe several domains for productive future research that is comparative, historical, and attentive to power dynamics.