Jump to ContentJump to Main Navigation
Corporate GovernanceWhat Can Be Learned From Japan?$
Users without a subscription are not able to see the full content.

Simon Learmount

Print publication date: 2004

Print ISBN-13: 9780199269082

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199269082.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 November 2020

A Review of Corporate Governance Ideas

A Review of Corporate Governance Ideas

(p.7) 1 A Review of Corporate Governance Ideas
Corporate Governance

Simon Learmount (Contributor Webpage)

Oxford University Press

This chapter reviews some of the different ideas which inform current thoughts about what corporate governance is. Doing this provides the context for the arguments in the book. A distinction is drawn between ideas based on economic theories of the firm, and so-called ‘organizational’ theories. The chapter discusses how economic approaches tend to see the firm principally in contractual terms, are guided by assumptions of utility-maximizing self-interested human behaviour, and tend to posit the protection of investors' capital as the ‘corporate governance problem’. Organizational theories by contrast tend to begin with a more complex concept of the firm, allow for other-oriented behaviour, and can conceive the governance of companies as routinely involving multiple relationships. While economic approaches currently predominate in the burgeoning field of corporate governance research, there are many criticisms of their fundamental assumptions. Organizational approaches, tend to be poorly developed theoretically.

Keywords:   corporate theory, economic theory of the firm, organizational approaches, organizational theories, Japanese corporate governance

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .