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Corporations in Evolving Diversity – Cognition, Governance, and Institutional Rules - Oxford Scholarship Online
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Corporations in Evolving Diversity: Cognition, Governance, and Institutional Rules

Masahiko Aoki


The 2008 financial crisis calls for a re-examination of the basic premise of the orthodox shareholder-oriented model of the corporate firm and its governance. This book tries to meet this challenge. It posits that the primary raison d'être of business corporations is the organization of associative cognitive and physical actions to create corporate values broader than shareholders' values. It identifies five generic modes of organizational architecture distinguished by discrete combinations of human cognitive assets among management and workers, as well as their relationships to use-control ri ... More

Keywords: financial crisis, corporate governance, organizational architecture, cognition, institutions, co-evolution, corporate landscape, CSR, diversity

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780199218530
Published to Oxford Scholarship Online: May 2010 DOI:10.1093/acprof:oso/9780199218530.001.0001


Affiliations are at time of print publication.

Masahiko Aoki, author
Professor Emeritus, Stanford University