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Advances in Corporate GovernanceComparative Perspectives$
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Helmut K. Anheier and Theodor Baums

Print publication date: 2020

Print ISBN-13: 9780198866367

Published to Oxford Scholarship Online: November 2020

DOI: 10.1093/oso/9780198866367.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 08 December 2021

Advances in Corporate Governance

Advances in Corporate Governance

Conclusion and Implications

(p.292) 13 Advances in Corporate Governance
Advances in Corporate Governance

Helmut K. Anheier

Christoph M. Abels

Oxford University Press

Listed corporations have been at the centre of corporate governance research and professional concern. Yet, organisational diversity reflecting a wide range of corporate forms and an evolving understanding of the corporation’s social role have broadened the scope of corporate governance beyond the listed firm. This chapter synthesises the preceding chapters’ findings. Starting with a discussion of different theoretical approaches, the chapter demonstrates the need to reflect on the applicability of the principal–agent theory to organisational forms such as non-profits and social enterprises with multiple stakeholders. Afterwards, the varying needs for corporate governance are discussed, thereby pointing to how existing models and approaches play out in different organisational contexts. The chapter concludes with implications for the development of corporate governance, derived from this volume’s comparative analysis.

Keywords:   corporate governance, principal–agent theory, stakeholders, organisational diversity, comparative analysis

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