메뉴 건너뛰기




Volumn 11, Issue 5, 2011, Pages 613-626

Corporate governance: Quo vadis?

Author keywords

Corporate governance; Governance; Motivation; Principal agent model; Psychology; Shareholder view; Stakeholder analysis; Stakeholder view

Indexed keywords


EID: 80055034809     PISSN: 14720701     EISSN: None     Source Type: Journal    
DOI: 10.1108/14720701111177019     Document Type: Review
Times cited : (11)

References (96)
  • 2
    • 77954304106 scopus 로고    scopus 로고
    • You are what you measure
    • Ariely, D. (2010b), "You are what you measure" in Harvard Business Review, Vol. 88, No. 6, p. 38.
    • (2010) Harvard Business Review , vol.88 , Issue.6 , pp. 38
    • Ariely, D.1
  • 5
    • 0036479254 scopus 로고    scopus 로고
    • Emotion in the workplace: The new challenge for managers
    • Ashkanasy, N.M. and Daus, C.S. (2002), "Emotion in the workplace: the new challenge for managers" in The Academy of Management Executive, Vol. 16, No. 1, pp. 76-86.
    • (2002) The Academy of Management Executive , vol.16 , Issue.1 , pp. 76-86
    • Ashkanasy, N.M.1    Daus, C.S.2
  • 6
    • 0021397297 scopus 로고
    • Choking under pressure: Self-consciousness and paradoxical effects of incentives of skilful performance
    • Baumeister, R.F. (1984), "Choking under pressure: self-consciousness and paradoxical effects of incentives of skilful performance" in Journal of Personality and Social Psychology, Vol. 46, No. 3, pp. 610-20.
    • (1984) Journal of Personality and Social Psychology , vol.46 , Issue.3 , pp. 610-620
    • Baumeister, R.F.1
  • 7
    • 84985773388 scopus 로고
    • A review of paradoxical performance effects: Choking under pressure in sports and mental tests
    • Baumeister, R.F. and Showers, C. (1986), "A review of paradoxical performance effects: choking under pressure in sports and mental tests" in European Journal of Social Psychology, Vol. 16, No. 4, pp. 361-83.
    • (1986) European Journal of Social Psychology , vol.16 , Issue.4 , pp. 361-383
    • Baumeister, R.F.1    Showers, C.2
  • 8
    • 0002057980 scopus 로고
    • Agency relationships in marketing: A review of the implications and applications of agency and related theories
    • Bergen, M., Dutta, S. and Walker, O.C. Jr (1992), "Agency relationships in marketing: a review of the implications and applications of agency and related theories" in Journal of Marketing, Vol. 56, No. 3, pp. 1-24.
    • (1992) Journal of Marketing , vol.56 , Issue.3 , pp. 1-24
    • Bergen, M.1    Dutta, S.2    Walker Jr., O.C.3
  • 10
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • Black, F. and Scholes, M. (1973), "The pricing of options and corporate liabilities" in Journal of Political Economy, Vol. 81, May/June, pp. 637-45.
    • (1973) Journal of Political Economy , vol.81 , Issue.May-June , pp. 637-645
    • Black, F.1    Scholes, M.2
  • 12
    • 0032063359 scopus 로고    scopus 로고
    • The agent ethics in the principal-agent model
    • Bohren, O. (1998), "The agent ethics in the principal-agent model" in Journal of Business Ethics, Vol. 17, No. 7, pp. 745-55.
    • (1998) Journal of Business Ethics , vol.17 , Issue.7 , pp. 745-755
    • Bohren, O.1
  • 14
    • 0032116927 scopus 로고    scopus 로고
    • The influence of institutional investors on myopic R & D investment behavior
    • Bushee, B.J. (1998), "The influence of institutional investors on myopic R & D investment behavior" in The Accounting Review, Vol. 73, No. 3, pp. 305-33.
    • (1998) The Accounting Review , vol.73 , Issue.3 , pp. 305-333
    • Bushee, B.J.1
  • 15
    • 0037407706 scopus 로고    scopus 로고
    • Proactive environmental strategies: A stakeholder management perspective
    • Buysse, K. and Verbeke, A. (2003), "Proactive environmental strategies: a stakeholder management perspective" in Strategic Management Journal, Vol. 24, No. 5, pp. 453-70.
    • (2003) Strategic Management Journal , vol.24 , Issue.5 , pp. 453-470
    • Buysse, K.1    Verbeke, A.2
  • 16
    • 1642400296 scopus 로고    scopus 로고
    • The influence of social and work exchange relationships on organizational citizenship behavior
    • Cardona, P., Lawrence, B.S. and Bentler, P.M. (2004), "The influence of social and work exchange relationships on organizational citizenship behavior" in Group & Organization Management, Vol. 29, No. 2, pp. 219-47.
    • (2004) Group & Organization Management , vol.29 , Issue.2 , pp. 219-247
    • Cardona, P.1    Lawrence, B.S.2    Bentler, P.M.3
  • 17
  • 18
    • 85045157503 scopus 로고    scopus 로고
    • Ein blinder Fleck bei Niklas Luhmann? Soziale Wirkungen von Emotionen aus Sicht der fraktalen Affektlogik
    • Ciompi, L. (2004), "Ein blinder Fleck bei Niklas Luhmann? Soziale Wirkungen von Emotionen aus Sicht der fraktalen Affektlogik" in Soziale Systeme, Vol. 10, No. 1, pp. 21-49.
    • (2004) Soziale Systeme , vol.10 , Issue.1 , pp. 21-49
    • Ciompi, L.1
  • 19
    • 1342288122 scopus 로고    scopus 로고
    • What caused Enron? A capsule social and economic history of the 1990s
    • Coffee, J.C. Jr (2004), "What caused Enron? A capsule social and economic history of the 1990s" in Cornell Law Review, Vol. 89, pp. 269-309.
    • (2004) Cornell Law Review , vol.89 , pp. 269-309
    • Coffee Jr., J.C.1
  • 21
    • 77955705913 scopus 로고    scopus 로고
    • Marching to the beat of different drummers: The influence of institutional owners on competitive actions
    • Connelly, B.L., Tihanyi, L., Certo, S.T. and Hitt, M.A. (2010), "Marching to the beat of different drummers: the influence of institutional owners on competitive actions" in Academy of Management Journal, Vol. 53, No. 4, pp. 723-41.
    • (2010) Academy of Management Journal , vol.53 , Issue.4 , pp. 723-741
    • Connelly, B.L.1    Tihanyi, L.2    Certo, S.T.3    Hitt, M.A.4
  • 22
    • 84986160773 scopus 로고    scopus 로고
    • The emerging patterns of power in corporate governance - back to the future in improving corporate decision making
    • Cutting, B. and Kouzmin, A. (2000), "The emerging patterns of power in corporate governance - back to the future in improving corporate decision making" in Journal of Managerial Psychology, Vol. 15, No. 5, pp. 477-507.
    • (2000) Journal of Managerial Psychology , vol.15 , Issue.5 , pp. 477-507
    • Cutting, B.1    Kouzmin, A.2
  • 23
    • 0034549672 scopus 로고    scopus 로고
    • The 'what' and 'why' of goal pursuit: Human needs and self-determination of behavior
    • Deci, E.L. and Ryan, R.M. (2000), "The 'what' and 'why' of goal pursuit: human needs and self-determination of behavior" in Psychological Inquiry, Vol. 11, No. 4, pp. 227-68.
    • (2000) Psychological Inquiry , vol.11 , Issue.4 , pp. 227-268
    • Deci, E.L.1    Ryan, R.M.2
  • 24
    • 0033220501 scopus 로고    scopus 로고
    • A meta-analytic review of experiments examining the effects of extrinsic rewards on intrinsic motivation
    • Deci, E.L., Koestner, R. and Ryan, R.M. (1999), "A meta-analytic review of experiments examining the effects of extrinsic rewards on intrinsic motivation" in Psychological Bulletin, Vol. 125, No. 6, pp. 627-68.
    • (1999) Psychological Bulletin , vol.125 , Issue.6 , pp. 627-668
    • Deci, E.L.1    Koestner, R.2    Ryan, R.M.3
  • 25
    • 0040113116 scopus 로고
    • Psychological barriers to personal responsibility
    • Diamond, M.A. and Allcorn, S. (1984), "Psychological barriers to personal responsibility" in Organizational Dynamics, Vol. 12, No. 4, pp. 66-77.
    • (1984) Organizational Dynamics , vol.12 , Issue.4 , pp. 66-77
    • Diamond, M.A.1    Allcorn, S.2
  • 26
    • 80055044100 scopus 로고    scopus 로고
    • Corporate governance 1: Corporate governance and corporate theory
    • Core Text Series, Oxford University Press, New York, NY
    • Dignam, A. and Lowry, J. (2006), "Corporate governance 1: corporate governance and corporate theory" in Company Law, Oxford University Press, New York, NY, pp. 350-70, Core Text Series.
    • (2006) Company Law , pp. 350-370
    • Dignam, A.1    Lowry, J.2
  • 27
    • 0000742927 scopus 로고
    • For whom are corporate managers trustees
    • Dodd, E.M. (1932), "For whom are corporate managers trustees" in Harvard Law Review, Vol. 45, pp. 1145-63.
    • (1932) Harvard Law Review , vol.45 , pp. 1145-1163
    • Dodd, E.M.1
  • 31
    • 0001336426 scopus 로고
    • Agency theory: An assessment and review
    • Eisenhardt, K.M. (1989), "Agency theory: an assessment and review" in Academy of Management Review, Vol. 14, No. 1, pp. 57-74.
    • (1989) Academy of Management Review , vol.14 , Issue.1 , pp. 57-74
    • Eisenhardt, K.M.1
  • 37
    • 0001788578 scopus 로고
    • The social responsibility of business is to increase its profits
    • September
    • Friedman, M. (1970), "The social responsibility of business is to increase its profits", The New York Times Magazine, Vol. 13 September.
    • (1970) The New York Times Magazine , vol.13
    • Friedman, M.1
  • 38
    • 0003772810 scopus 로고    scopus 로고
    • University of Chicago Press, Chicago, IL
    • Friedman, M. (2002), Capitalism and Freedom, University of Chicago Press, Chicago, IL.
    • (2002) Capitalism and Freedom
    • Friedman, M.1
  • 41
    • 0346250710 scopus 로고    scopus 로고
    • The end of history for corporate law
    • Hansmann, H. and Kraakman, R. (2001), "The end of history for corporate law" in Georgetown Law Journal, Vol. 89, pp. 439-68.
    • (2001) Georgetown Law Journal , vol.89 , pp. 439-468
    • Hansmann, H.1    Kraakman, R.2
  • 43
    • 3142529466 scopus 로고    scopus 로고
    • How corporate law inhibits social responsibility
    • Hinkley, R. (2002), "How corporate law inhibits social responsibility" in The Humanist, Vol. 62, No. 2, pp. 26-8.
    • (2002) The Humanist , vol.62 , Issue.2 , pp. 26-28
    • Hinkley, R.1
  • 44
    • 0004287799 scopus 로고
    • Penguin Classics, London
    • Hobbes, T. (1984), Leviathan, Penguin Classics, London.
    • (1984) Leviathan
    • Hobbes, T.1
  • 45
    • 0032187796 scopus 로고    scopus 로고
    • Organizing ethics: A stakeholder debate
    • Hummels, H. (1998), "Organizing ethics: a stakeholder debate" in Journal of Business Ethics, Vol. 17, No. 13, pp. 1403-19.
    • (1998) Journal of Business Ethics , vol.17 , Issue.13 , pp. 1403-1419
    • Hummels, H.1
  • 46
    • 0036328813 scopus 로고    scopus 로고
    • Value maximization, stakeholder theory, and the corporate objective function
    • Jensen, M.C. (2002), "Value maximization, stakeholder theory, and the corporate objective function" in Business Ethics Quarterly, Vol. 12, No. 2, pp. 235-56.
    • (2002) Business Ethics Quarterly , vol.12 , Issue.2 , pp. 235-256
    • Jensen, M.C.1
  • 47
    • 44649197264 scopus 로고
    • Theory of firm - managerial behavior, agency costs and ownership structure
    • Jensen, M.C. and Meckling, W.H. (1976), "Theory of firm - managerial behavior, agency costs and ownership structure" in Journal of Financial Economics, Vol. 3, No. 4, pp. 305-60.
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 48
    • 0033241667 scopus 로고    scopus 로고
    • Convergent stakeholder theory
    • Jones, T.M. and Wicks, A.C. (1999), "Convergent stakeholder theory" in Academy of Management Review, Vol. 24, No. 2, pp. 206-21.
    • (1999) Academy of Management Review , vol.24 , Issue.2 , pp. 206-221
    • Jones, T.M.1    Wicks, A.C.2
  • 49
    • 2142846516 scopus 로고    scopus 로고
    • Stakeholder theory: The state of the art
    • Bowie, N.E. (Ed.), Blackwell, Oxford
    • Jones, T.M., Wicks, A.C. and Freeman, R.E. (2002), "Stakeholder theory: the state of the art" in Bowie, N.E. (Ed.), The Blackwell Guide to Business Ethics, Blackwell, Oxford, pp. 19-37.
    • (2002) The Blackwell Guide to Business Ethics , pp. 19-37
    • Jones, T.M.1    Wicks, A.C.2    Freeman, R.E.3
  • 50
    • 0035731667 scopus 로고    scopus 로고
    • Mediating with heart in mind: Addressing emotion in mediation practice
    • Jones, T.S. and Bodtker, A. (2001), "Mediating with heart in mind: addressing emotion in mediation practice" in Negotiation Journal, Vol. 17, No. 3, pp. 217-44.
    • (2001) Negotiation Journal , vol.17 , Issue.3 , pp. 217-244
    • Jones, T.S.1    Bodtker, A.2
  • 54
    • 33947156050 scopus 로고    scopus 로고
    • Red Wheel/Wiser LLC, York Beach, ME, Book of Formation
    • Kaplan, A. (1997), Sefer Yetzirah, Red Wheel/Wiser LLC, York Beach, ME, Book of Formation.
    • (1997) Sefer Yetzirah
    • Kaplan, A.1
  • 56
    • 85190473463 scopus 로고
    • University of California Press, Berkeley, CA, 2nd ed
    • Kelsen, H. (1978), Pure Theory of Law, 2nd ed., University of California Press, Berkeley, CA.
    • (1978) Pure Theory of Law
    • Kelsen, H.1
  • 57
    • 79952013563 scopus 로고    scopus 로고
    • When rules and principles are not enough: Insiders' views and narratives on the global financial crisis
    • Knight, R., Kakabadse, N.K., Kouzmin, A. and Kakabadse, A.P. (2011), "When rules and principles are not enough: insiders' views and narratives on the global financial crisis" in Journal of Change Management, Vol. 11, No. 1, pp. 45-67.
    • (2011) Journal of Change Management , vol.11 , Issue.1 , pp. 45-67
    • Knight, R.1    Kakabadse, N.K.2    Kouzmin, A.3    Kakabadse, A.P.4
  • 59
  • 60
    • 0000250362 scopus 로고
    • Ethical corporate social responsibility: A framework for man
    • L'Etang, J. (1995), "Ethical corporate social responsibility: a framework for man" in Journal of Business Ethics, Vol. 14, No. 2, pp. 125-32.
    • (1995) Journal of Business Ethics , vol.14 , Issue.2 , pp. 125-132
    • L'Etang, J.1
  • 61
    • 0002543187 scopus 로고
    • The dangers of social responsibility
    • Levitt, T. (1958), "The dangers of social responsibility" in Harvard Business Review, Vol. 36, No. 5, pp. 41-50.
    • (1958) Harvard Business Review , vol.36 , Issue.5 , pp. 41-50
    • Levitt, T.1
  • 62
    • 0011296716 scopus 로고
    • Takeover bids in the target's boardroom
    • Lipton, M. (1979), "Takeover bids in the target's boardroom" in Business Lawyer, Vol. 35, No. 1, pp. 101-34.
    • (1979) Business Lawyer , vol.35 , Issue.1 , pp. 101-134
    • Lipton, M.1
  • 64
    • 44149125693 scopus 로고    scopus 로고
    • Emerging paradoxes in executive leadership: A theoretical interpretation of the tensions between corruption and virtuous values
    • Manz, C.C., Anand, V., Joshi, M. and Manz, K.P. (2008), "Emerging paradoxes in executive leadership: a theoretical interpretation of the tensions between corruption and virtuous values" in Leadership Quarterly, Vol. 19, No. 3, pp. 385-92.
    • (2008) Leadership Quarterly , vol.19 , Issue.3 , pp. 385-392
    • Manz, C.C.1    Anand, V.2    Joshi, M.3    Manz, K.P.4
  • 65
    • 77951983604 scopus 로고    scopus 로고
    • The age of customer capitalism
    • Martin, R. (2010), "The age of customer capitalism" in Harvard Business Review, Vol. 88, Nos 1/2, pp. 58-65.
    • (2010) Harvard Business Review , vol.88 , Issue.1-2 , pp. 58-65
    • Martin, R.1
  • 66
    • 33745294914 scopus 로고    scopus 로고
    • Dishonesty in everyday life and its policy implications
    • Mazar, N. and Ariely, D. (2006), "Dishonesty in everyday life and its policy implications" in Journal of Public Policy & Marketing, Vol. 25, No. 1, pp. 117-26.
    • (2006) Journal of Public Policy & Marketing , vol.25 , Issue.1 , pp. 117-126
    • Mazar, N.1    Ariely, D.2
  • 67
    • 0003764649 scopus 로고    scopus 로고
    • (first published 1848), Prometheus Books, New York, NY
    • Mill, J.S. (2004), Principles of Political Economy, Prometheus Books, New York, NY, (first published 1848).
    • (2004) Principles of Political Economy
    • Mill, J.S.1
  • 70
    • 84986155757 scopus 로고    scopus 로고
    • What do we mean by corporate social responsibility?
    • Moir, L. (2001), "What do we mean by corporate social responsibility?" in Corporate Governance, Vol. 1, No. 2, pp. 16-22.
    • (2001) Corporate Governance , vol.1 , Issue.2 , pp. 16-22
    • Moir, L.1
  • 75
    • 77649265509 scopus 로고    scopus 로고
    • Bailout for bunglers
    • The New York Times, available at: (accessed September 20, 2010)
    • The New York Times (2009), "Bailout for bunglers", The New York Times, available at: www.nytimes.com/2009/02/02/opinion/02krugman.html?_r=1&partner=rss&emc=rss (accessed September 20, 2010).
    • (2009) The New York Times
  • 76
    • 80055045526 scopus 로고
    • Old-fashioned initiative for modern enterprise
    • Patton, A. (1954), "Old-fashioned initiative for modern enterprise" in Harvard Business Review, Vol. 32, No. 4, pp. 67-73.
    • (1954) Harvard Business Review , vol.32 , Issue.4 , pp. 67-73
    • Patton, A.1
  • 77
    • 0032274799 scopus 로고    scopus 로고
    • Egoistic and moralistic biases in self-perception: The interplay of self-deceptive styles with basic traits and motives
    • Paulhus, D.L. and John, O.P. (1998), "Egoistic and moralistic biases in self-perception: the interplay of self-deceptive styles with basic traits and motives" in Journal of Personality, Vol. 66, No. 6, pp. 1025-60.
    • (1998) Journal of Personality , vol.66 , Issue.6 , pp. 1025-1060
    • Paulhus, D.L.1    John, O.P.2
  • 80
    • 33845336816 scopus 로고    scopus 로고
    • Strategy & society: The link between competitive advantage and corporate social responsibility
    • Porter, M.E. and Kramer, M.R. (2006), "Strategy & society: the link between competitive advantage and corporate social responsibility" in Harvard Business Review, Vol. 84, No. 12, pp. 78-92.
    • (2006) Harvard Business Review , vol.84 , Issue.12 , pp. 78-92
    • Porter, M.E.1    Kramer, M.R.2
  • 81
    • 35948977810 scopus 로고    scopus 로고
    • A strategic approach to climate
    • Porter, M.E. and Reinhardt, F.L. (2007), "A strategic approach to climate" in Harvard Business Review, Vol. 85, No. 10, pp. 22-6.
    • (2007) Harvard Business Review , vol.85 , Issue.10 , pp. 22-26
    • Porter, M.E.1    Reinhardt, F.L.2
  • 82
    • 0036765480 scopus 로고    scopus 로고
    • Managing the extended enterprise: The new stakeholder view
    • Post, J.E., Preston, L.E. and Sachs, S. (2002), "Managing the extended enterprise: the new stakeholder view" in California Management Review, Vol. 45, No. 1, pp. 6-28.
    • (2002) California Management Review , vol.45 , Issue.1 , pp. 6-28
    • Post, J.E.1    Preston, L.E.2    Sachs, S.3
  • 83
    • 77957188138 scopus 로고
    • Wage stabilization in the United States
    • Roberts, B.C. (1952), "Wage stabilization in the United States" in Oxford Economic Papers, pp. 149-62.
    • (1952) Oxford Economic Papers , pp. 149-162
    • Roberts, B.C.1
  • 84
    • 33646419836 scopus 로고
    • The public looks at business
    • Roper, E. (1949), "The public looks at business" in Harvard Business Review, Vol. 27, No. 2, pp. 165-74.
    • (1949) Harvard Business Review , vol.27 , Issue.2 , pp. 165-174
    • Roper, E.1
  • 85
    • 11144261875 scopus 로고    scopus 로고
    • Corporate sustainability - integrating environmental and social concerns?
    • Schaefer, A. (2004), "Corporate sustainability - integrating environmental and social concerns?" in Corporate Social Responsibility & Environmental Management, Vol. 11, No. 4, pp. 179-87.
    • (2004) Corporate Social Responsibility & Environmental Management , vol.11 , Issue.4 , pp. 179-187
    • Schaefer, A.1
  • 87
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • Shleifer, A. and Vishny, R.W. (1997), "A survey of corporate governance" in Journal of Corporate Finance, Vol. 52, No. 2, pp. 737-83.
    • (1997) Journal of Corporate Finance , vol.52 , Issue.2 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 89
    • 0042059494 scopus 로고    scopus 로고
    • available at: (accessed December 24, 2009)
    • Souvorov, A. (2003), "Addiction to rewards", available at: www.cemfi.es/research/conferences/ewm/Anton/addict_new6.pdf (accessed December 24, 2009).
    • (2003) Addiction to rewards
    • Souvorov, A.1
  • 91
    • 33846625270 scopus 로고    scopus 로고
    • Altruism is associated with an increased neural response to agency
    • Tankersley, D., Stowe, C.J. and Huettel, S. (2007), "Altruism is associated with an increased neural response to agency" in Nature Neuroscience, Vol. 10, No. 2, pp. 150-1.
    • (2007) Nature Neuroscience , vol.10 , Issue.2 , pp. 150-151
    • Tankersley, D.1    Stowe, C.J.2    Huettel, S.3
  • 92
    • 84986104519 scopus 로고    scopus 로고
    • The stakeholder manager
    • Vinten, G. (2000), "The stakeholder manager" in Management Decision, Vol. 38, No. 5, pp. 377-83.
    • (2000) Management Decision , vol.38 , Issue.5 , pp. 377-383
    • Vinten, G.1
  • 95
    • 0003930722 scopus 로고    scopus 로고
    • (first published 1956), University of Pennsylvania Press, Philadelphia, PA
    • Whyte, W.H. (2002), The Organization Man, University of Pennsylvania Press, Philadelphia, PA, (first published 1956).
    • (2002) The Organization Man
    • Whyte, W.H.1
  • 96
    • 0000319978 scopus 로고
    • The relation of strength of stimulus to rapidity of habit-formation
    • Yerkes, R. and Dodson, J. (1908), "The relation of strength of stimulus to rapidity of habit-formation" in Journal of Comparative Neurology and Psychology, Vol. 18, pp. 459-82.
    • (1908) Journal of Comparative Neurology and Psychology , vol.18 , pp. 459-482
    • Yerkes, R.1    Dodson, J.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.