Summary
Summary Filatotchev - Corporate governance & national institutions
- Course
- Institution
Its a short summary on the article by Filatotchev - Corporate governance & national institutions
[Show more]
Seller
Follow
princeyork
Content preview
Corporate governance & national institutions suggests that institutional theory should be used tounderstand and expand the scope of agency theory in resolving potential issues arising from
corporate governance. In the era of capitalist globalization institutional analysis is necessity;
differences arising from regional social, political, and developmental factors make it apparent.
This article makes interesting mention of American, UK, German, Japanese, Chinese, and
Russian corporate governance in consideration of institutional factors. Noticeably mentioned is
the contrast between Western diffused shareowners & block holders of Asia perhaps representing
historical economic tendencies of individual & collective pursuit of wealth, or purported stage in
economic development. Theories suggesting the latter are potentially supported by concepts like
"institutional voids" mentioned by the article. It's the substitutive informal institutions of Family
business networks with dubious governance structures, poor disclosure and abuse of information
that can remind the reader of yesterdays (industrial revolution) family based elite employers such
as the Morgan family bankers or the Rockefeller based oil business. As one moves backward in
time there is a similar institutional void in the West which eventually was filled through more
regulatory institutions focused on things like trade and labor. It could be argued that during times
of institutional void in the West, capitalist powers of family based firms formed substitutive
informal institutions (perhaps even competing).
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller princeyork. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now