메뉴 건너뛰기




Volumn 1, Issue 1, 2004, Pages 27-44

Philosophical and paradoxical issues in corporate governance

Author keywords

corporate governance; dichotomy; processual approach; representationalism; shareholding; stakeholding; static approach

Indexed keywords


EID: 84922170129     PISSN: 14779048     EISSN: 1741802X     Source Type: Journal    
DOI: 10.1504/IJBGE.2004.004895     Document Type: Article
Times cited : (4)

References (99)
  • 5
    • 70349794755 scopus 로고    scopus 로고
    • Corporate governance – the subject whose time has come
    • October 2000
    • Editorial (2000) ‘Corporate governance – the subject whose time has come’, Corporate Governance, October 2000, Vol. 8, No. 4, pp.289–296.
    • (2000) Corporate Governance , vol.8 , Issue.4 , pp. 289-296
    • Editorial1
  • 6
    • 0035605694 scopus 로고    scopus 로고
    • Stakeholding: confusion or utopia? Mapping the conceptual terrain
    • Stoney, C. and Winstanley, D. (2001) ‘Stakeholding: confusion or utopia? Mapping the conceptual terrain’, Journal of Management Studies, Vol. 38, No. 5, pp.603–626.
    • (2001) Journal of Management Studies , vol.38 , Issue.5 , pp. 603-626
    • Stoney, C.1    Winstanley, D.2
  • 7
    • 3042849331 scopus 로고    scopus 로고
    • Governance and stakeholding
    • Prabhaker, S. (1998) ‘Governance and stakeholding’, New Economy, Vol. 5, No. 2, pp.119–122.
    • (1998) New Economy , vol.5 , Issue.2 , pp. 119-122
    • Prabhaker, S.1
  • 8
    • 0036404794 scopus 로고    scopus 로고
    • Developing stakeholder theory
    • Friedman, A. and Miles, S. (2002) ‘Developing stakeholder theory’, Journal of Management Studies, Vol. 39, No. 1, pp.1–21.
    • (2002) Journal of Management Studies , vol.39 , Issue.1 , pp. 1-21
    • Friedman, A.1    Miles, S.2
  • 9
    • 0000171195 scopus 로고    scopus 로고
    • The corporate social performance and corporate financial performance debate
    • March 1997
    • Griffin, J. and Mahon, J.F. (1997) ‘The corporate social performance and corporate financial performance debate’, Business & Society, March 1997, Vol. 36, No. 1, pp.5–32.
    • (1997) Business & Society , vol.36 , Issue.1 , pp. 5-32
    • Griffin, J.1    Mahon, J.F.2
  • 10
    • 0347135152 scopus 로고
    • Communitarians, contractarians, and the crisis in corporate law
    • Millon, D. (1993) ‘Communitarians, contractarians, and the crisis in corporate law’, Washington & Lee Law Review, Vol. 50, pp.1373–1393.
    • (1993) Washington & Lee Law Review , vol.50 , pp. 1373-1393
    • Millon, D.1
  • 11
    • 0031373831 scopus 로고    scopus 로고
    • Crisis and transition in corporate governance paradigms: the role of the chancery court of Delaware
    • Sullivan, D.P. and Conlon, D.E. (1997) ‘Crisis and transition in corporate governance paradigms: the role of the chancery court of Delaware’, Law & Society Review, Vol. 31, No. 4, pp.713–763.
    • (1997) Law & Society Review , vol.31 , Issue.4 , pp. 713-763
    • Sullivan, D.P.1    Conlon, D.E.2
  • 12
    • 0042324813 scopus 로고
    • Our schizophrenic conception of the business corporation
    • Allen, W.T. (1992) ‘Our schizophrenic conception of the business corporation’, Cardozo Law Review, Vol. 14, No. 2, pp.261–281.
    • (1992) Cardozo Law Review , vol.14 , Issue.2 , pp. 261-281
    • Allen, W.T.1
  • 13
    • 3042807280 scopus 로고
    • Introduction
    • O. Gierke (Ed.) translated by E. Barker, Cambridge University Press, Cambridge
    • Barker, E. (1958) ‘Introduction’, in O. Gierke (Ed.) Natural Law and the Theory of Society: 1500 to 1800, translated by E. Barker, Cambridge University Press, Cambridge.
    • (1958) Natural Law and the Theory of Society: 1500 to 1800
    • Barker, E.1
  • 17
    • 3042808975 scopus 로고
    • The corporation in a democratic society: in whose interest ought it and will it be run?
    • in H.I. Ansoff Penguin, Harmondsworth
    • Hayek, F.A. (1969) ‘The corporation in a democratic society: in whose interest ought it and will it be run?’ in H.I. Ansoff, Business Strategy, Penguin, Harmondsworth.
    • (1969) Business Strategy
    • Hayek, F.A.1
  • 19
    • 0001788578 scopus 로고
    • The social responsibility of business is to increase its profits
    • September 13
    • Friedman, M. (1970) ‘The social responsibility of business is to increase its profits’, New York Times Magazine, September 13, pp.32–33, 122, 124, 126.
    • (1970) New York Times Magazine
    • Friedman, M.1
  • 21
    • 0346674054 scopus 로고    scopus 로고
    • The defects of stakeholder theory
    • Sternberg, E. (2000) ‘The defects of stakeholder theory’, Corporate Governance, Vol. 5, No. 1, pp.3–10.
    • (2000) Corporate Governance , vol.5 , Issue.1 , pp. 3-10
    • Sternberg, E.1
  • 22
    • 84947881994 scopus 로고
    • Random House, New York. Jensen, M.C. (1993) ‘The modern industrial revolution, exit, and the failure of internal control systems’, Journal of Finance
    • Smith, A. (1937) The Wealth of Nations, Random House, New York. Jensen, M.C. (1993) ‘The modern industrial revolution, exit, and the failure of internal control systems’, Journal of Finance, Vol. 48, pp. 831–880.
    • (1937) The Wealth of Nations , vol.48 , pp. 831-880
    • Smith, A.1
  • 23
    • 44649197264 scopus 로고
    • Theory of the firm: managerial behaviour, agency costs, and ownership structure
    • Jensen, M.C. and Meckling, W.H. (1976) ‘Theory of the firm: managerial behaviour, agency costs, and ownership structure’, Journal of Financial Economics, Vol. 3, pp.305–360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 24
    • 0000589270 scopus 로고
    • Agency problems and residual claims
    • Fama, E. and Jensen, M.C. (1983) ‘Agency problems and residual claims’, Journal of Law and Economics, Vol. 26, pp.327–352.
    • (1983) Journal of Law and Economics , vol.26 , pp. 327-352
    • Fama, E.1    Jensen, M.C.2
  • 25
    • 0001336426 scopus 로고
    • Agency theory: an assessment and review
    • Eisenhardt, K.M. (1989) ‘Agency theory: an assessment and review’, 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
  • 26
    • 0000589044 scopus 로고
    • Production, information costs, and economic organisation
    • Alchian, A.A. and Demsetz, H. (1972) ‘Production, information costs, and economic organisation’, US Economic Review, Vol. 62, No. 5, pp.777–795.
    • (1972) US Economic Review , vol.62 , Issue.5 , pp. 777-795
    • Alchian, A.A.1    Demsetz, H.2
  • 30
    • 0010083727 scopus 로고    scopus 로고
    • Introduction: the corporate governance problem – competing diagnoses and solutions
    • K. Keasey, S. Thompson and M. Wright (Eds.) Oxford University Press, Oxford
    • Keasey, K., Thompson, S. and Wright, M. (1997) ‘Introduction: the corporate governance problem – competing diagnoses and solutions’, in K. Keasey, S. Thompson and M. Wright (Eds.) Corporate Governance: Economic and Financial Issues, Oxford University Press, Oxford.
    • (1997) Corporate Governance: Economic and Financial Issues
    • Keasey, K.1    Thompson, S.2    Wright, M.3
  • 31
    • 0000297803 scopus 로고
    • Mergers and the market for corporate control
    • Manne, H.G. (1965) ‘Mergers and the market for corporate control’, Journal of Political Economy, Vol. 75, pp.110–126.
    • (1965) Journal of Political Economy , vol.75 , pp. 110-126
    • Manne, H.G.1
  • 32
    • 0040346566 scopus 로고
    • Competition, monopoly and the pursuit of pecuniary gain
    • National Bureau of Economic Research, Princeton
    • Alchian, A.A. and Kessel, R.A. (1962) ‘Competition, monopoly and the pursuit of pecuniary gain’, Aspects of Labour Economics, National Bureau of Economic Research, Princeton.
    • (1962) Aspects of Labour Economics
    • Alchian, A.A.1    Kessel, R.A.2
  • 33
    • 0000806744 scopus 로고
    • Agency problems and the theory of the firm
    • Fama, E (1980) ‘Agency problems and the theory of the firm’, Journal of Political Economy, Vol. 88, pp.288–309.
    • (1980) Journal of Political Economy , vol.88 , pp. 288-309
    • Fama, E.1
  • 34
    • 0000633779 scopus 로고
    • Corporate governance: some theory and implications
    • Hart, O. (1995) ‘Corporate governance: some theory and implications’, The Economic Journal, Vol. 105, pp.678–689.
    • (1995) The Economic Journal , vol.105 , pp. 678-689
    • Hart, O.1
  • 35
    • 0002858147 scopus 로고
    • Managing our way to economic decline
    • Hayes, R.H. and Abernathy, W.J. (1980) ‘Managing our way to economic decline’, Harvard Business Review, Vol. 58, pp.67–77.
    • (1980) Harvard Business Review , vol.58 , pp. 67-77
    • Hayes, R.H.1    Abernathy, W.J.2
  • 37
    • 84990553637 scopus 로고
    • Proposals for internationally competitive corporate governance in Britain and America
    • Sykes, A. (1994) ‘Proposals for internationally competitive corporate governance in Britain and America’, Corporate Governance, Vol. 2, No. 4, pp.187–195.
    • (1994) Corporate Governance , vol.2 , Issue.4 , pp. 187-195
    • Sykes, A.1
  • 38
    • 0344492577 scopus 로고
    • Alternative disciplinary mechanisms in different corporate systems
    • Moreland, P.W. (1995) ‘Alternative disciplinary mechanisms in different corporate systems’, Journal of Economic Behaviour and Organisation, Vol. 26, pp.17–34.
    • (1995) Journal of Economic Behaviour and Organisation , vol.26 , pp. 17-34
    • Moreland, P.W.1
  • 40
    • 0346524631 scopus 로고    scopus 로고
    • Shareholder value and the stakeholder debate in the UK
    • Gamble, A. and Kelly, G. (2001) ‘Shareholder value and the stakeholder debate in the UK’, Corporate Governance, Vol. 9, No. 2, pp.110–117.
    • (2001) Corporate Governance , vol.9 , Issue.2 , pp. 110-117
    • Gamble, A.1    Kelly, G.2
  • 41
    • 3042724016 scopus 로고
    • Do stock prices move too much to be justified by subsequent changes in dividends?
    • R.J. Shiller (Ed.) The MIT Press, Cambridge
    • Shiller, R.J. (1989) ‘Do stock prices move too much to be justified by subsequent changes in dividends?’, in R.J. Shiller (Ed.) Market Volatility, The MIT Press, Cambridge.
    • (1989) Market Volatility
    • Shiller, R.J.1
  • 46
    • 0001681890 scopus 로고    scopus 로고
    • Stakeholders, the case in favour
    • Campbell, A. (1997) ‘Stakeholders, the case in favour’, Long Range Planning, Vol. 30, No. 3, pp.446–449.
    • (1997) Long Range Planning , vol.30 , Issue.3 , pp. 446-449
    • Campbell, A.1
  • 47
    • 0035605694 scopus 로고    scopus 로고
    • Stakeholding: confusion or utopia? Mapping the conceptual terrain
    • Stoney, C. and Winstanley, D. (2001) ‘Stakeholding: confusion or utopia? Mapping the conceptual terrain’, Journal of Management Studies, Vol. 38, No. 5, pp.603–626.
    • (2001) Journal of Management Studies , vol.38 , Issue.5 , pp. 603-626
    • Stoney, C.1    Winstanley, D.2
  • 53
    • 84990578205 scopus 로고
    • What is a company for?
    • Handy, C. (1993) ‘What is a company for?’, Corporate Governance, Vol. 1, No. 1, pp.14–16.
    • (1993) Corporate Governance , vol.1 , Issue.1 , pp. 14-16
    • Handy, C.1
  • 55
    • 44949275678 scopus 로고
    • The pyramid of corporate social responsibility: toward the moral management of organisational stakeholders
    • Carroll, A.B. (1991) ‘The pyramid of corporate social responsibility: toward the moral management of organisational stakeholders’, Business Horizons, Vol. 34, No. 4, pp.39–48.
    • (1991) Business Horizons , vol.34 , Issue.4 , pp. 39-48
    • Carroll, A.B.1
  • 57
    • 0013156652 scopus 로고    scopus 로고
    • The conceptual foundations of the company: a pluralist approach
    • Kelly, G. and Parkinson, J. (1998) ‘The conceptual foundations of the company: a pluralist approach’, Company Financial and Insolvency Law Review, Vol. 2, No. 2, pp. 174–197.
    • (1998) Company Financial and Insolvency Law Review , vol.2 , Issue.2 , pp. 174-197
    • Kelly, G.1    Parkinson, J.2
  • 58
    • 0040182255 scopus 로고
    • The role of "exit" and "voice" in corporate governance
    • S. Sheikh and W. Rees (Eds.) Cavendish, London
    • Parkinson, J. (1995) ‘The role of "exit" and "voice" in corporate governance’, in S. Sheikh and W. Rees (Eds.) Corporate Governance & Corporate Control, Cavendish, London.
    • (1995) Corporate Governance & Corporate Control
    • Parkinson, J.1
  • 59
    • 0001681890 scopus 로고    scopus 로고
    • Stakeholders, the case in favour
    • Campbell, A. (1997) ‘Stakeholders, the case in favour’, Long Range Planning, Vol. 30, No. 3, pp.446–449.
    • (1997) Long Range Planning , vol.30 , Issue.3 , pp. 446-449
    • Campbell, A.1
  • 64
    • 0031521517 scopus 로고    scopus 로고
    • Hostile takeovers, corporate law, and the theory of the firm
    • Deakin, S. and Slinger, G. (1997) ‘Hostile takeovers, corporate law, and the theory of the firm’, Journal of Law and Society, Vol. 24, No. 1, pp.124–151.
    • (1997) Journal of Law and Society , vol.24 , Issue.1 , pp. 124-151
    • Deakin, S.1    Slinger, G.2
  • 69
    • 79956495816 scopus 로고
    • Objectivity
    • Cambridge University Press, Cambridge
    • Rorty, R. (1991) Objectivity, Relativism, and Truth, Cambridge University Press, Cambridge.
    • (1991) Relativism, and Truth
    • Rorty, R.1
  • 70
    • 0003692767 scopus 로고    scopus 로고
    • State University of New York Press, Albany
    • Rescher, N. (1996) Process Metaphysics, State University of New York Press, Albany.
    • (1996) Process Metaphysics
    • Rescher, N.1
  • 74
    • 0002734011 scopus 로고
    • The economics of information
    • Stigler, G.J. (1961) ‘The economics of information’, Journal of Political Economy, Vol. LXXV, pp.287–292.
    • (1961) Journal of Political Economy , vol.75 , pp. 287-292
    • Stigler, G.J.1
  • 75
    • 0039402580 scopus 로고
    • Imperfections in the capital market
    • Stigler, G.J. (1967) ‘Imperfections in the capital market’, Journal of Political Economy, Vol. LXXV, pp.287–292.
    • (1967) Journal of Political Economy , vol.75 , pp. 287-292
    • Stigler, G.J.1
  • 76
    • 21844463321 scopus 로고
    • The stakeholder theory of the corporation: concepts, evidence and implications
    • Donaldson, T. and Preston, L.E. (1995) ‘The stakeholder theory of the corporation: concepts, evidence and implications’, Academy of Management Review, Vol. 20, pp.65–91.
    • (1995) Academy of Management Review , vol.20 , pp. 65-91
    • Donaldson, T.1    Preston, L.E.2
  • 77
    • 84959763592 scopus 로고
    • The inefficiency of the stock market equilibrium
    • Stiglitz, J.E. (1982) ‘The inefficiency of the stock market equilibrium’, Review of Economic Studies, Vol. XLIX, pp.241–261.
    • (1982) Review of Economic Studies , vol.49 , pp. 241-261
    • Stiglitz, J.E.1
  • 79
    • 0001382483 scopus 로고
    • Central perspectives and debates in organisation theory
    • Astley, W.G., Van de Ven, A.H. (1983) ‘Central perspectives and debates in organisation theory’, Administrative Science Quarterly, Vol. 28, pp.245–273.
    • (1983) Administrative Science Quarterly , vol.28 , pp. 245-273
    • Astley, W.G.1    Van de Ven, A.H.2
  • 80
    • 0030507574 scopus 로고    scopus 로고
    • Boards of directors: a review and research agenda
    • Johnson, J.; Daily, C. and Ellstrand, A. (1996). ‘Boards of directors: a review and research agenda’, Journal of Management, Vol. 22, pp.409–439.
    • (1996) Journal of Management , vol.22 , pp. 409-439
    • Johnson, J.1    Daily, C.2    Ellstrand, A.3
  • 81
    • 84973832885 scopus 로고
    • Organisational governance and employee cooperation: can we learn from economics?
    • Mueller, F. (1995) ‘Organisational governance and employee cooperation: can we learn from economics?’, Human Relations, Vol. 48, No. 10, pp.1217–1235.
    • (1995) Human Relations , vol.48 , Issue.10 , pp. 1217-1235
    • Mueller, F.1
  • 86
    • 84937270224 scopus 로고    scopus 로고
    • The word and the world: a critique of representationalism in management research
    • Tsoukas, H. (1998) ‘The word and the world: a critique of representationalism in management research’, International Journal of Public Administration, Vol. 21, No. 5, pp.781–817.
    • (1998) International Journal of Public Administration , vol.21 , Issue.5 , pp. 781-817
    • Tsoukas, H.1
  • 88
    • 0004213458 scopus 로고
    • University of Nebraska Press, Lincoln
    • James, W. (1909) A Pluralistic Universe, University of Nebraska Press, Lincoln.
    • (1909) A Pluralistic Universe
    • James, W.1
  • 92
  • 94
    • 84973743334 scopus 로고
    • Organisational chiaroscuro: throwing light on the concept of corporate governance
    • Jackson, N. and Carter, P. (1995) ‘Organisational chiaroscuro: throwing light on the concept of corporate governance’, Human Relations, Vol. 48, No. 8, pp.875–889.
    • (1995) Human Relations , vol.48 , Issue.8 , pp. 875-889
    • Jackson, N.1    Carter, P.2
  • 95
    • 84973832885 scopus 로고
    • Organisational governance and employee cooperation: can we learn from economics?
    • Mueller, F. (1995) ‘Organisational governance and employee cooperation: can we learn from economics?’, Human Relations, Vol. 48, No. 10, pp.1217–1235.
    • (1995) Human Relations , vol.48 , Issue.10 , pp. 1217-1235
    • Mueller, F.1
  • 96
    • 84937295588 scopus 로고
    • Theoretical and comparative perspectives on corporate organisation
    • Fligstein, N. and Freeland, R. (1995) ‘Theoretical and comparative perspectives on corporate organisation’, Annual Review of Sociology, Vol. 21, pp.21–43.
    • (1995) Annual Review of Sociology , vol.21 , pp. 21-43
    • Fligstein, N.1    Freeland, R.2
  • 97
    • 84973743334 scopus 로고
    • Organisational chiaroscuro: throwing light on the concept of corporate governance
    • Jackson, N. and Carter, P. (1995) ‘Organisational chiaroscuro: throwing light on the concept of corporate governance’, Human Relations, Vol. 48, No. 8, pp.875–889.
    • (1995) Human Relations , vol.48 , Issue.8 , pp. 875-889
    • Jackson, N.1    Carter, P.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.