| Sign In to gain access to subscriptions and/or personal tools. |
Institutional Antecedents of Corporate Governance Legitimacy2047 Constant Hall, College of Business and Public Administration, Old Dominion University, Norfolk, VA 23539, wjudge{at}odu.edu
School of Business, Southern Illinois University, Edwardsville, IL 62026
School of Business, Southern Illinois University, Edwardsville, IL 62026 The authors studied panel data for corporate governance ratings in 50 countries between 1997 and 2005 to understand what the country-level predictors of corporate governance legitimacy might be. Using neo-institutional theory, they found that all three pillars of institutionalization influenced perceptions of corporate governance at the national level—specifically, (a) the greater the extent of law and order, (b) the more the culture emphasized global competitiveness, and (c) the less the prevalence of corruption, the higher the corporate governance legitimacy within a nation. This study refines and extends the comparative corporate governance literature, as well as the neo-institutional perspective.
Key Words: corporate governance legitimacy institutional theory law and order global competitiveness corruption
This version was published on August
1, 2008 Journal of Management, Vol. 34, No. 4,
765-785 (2008) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||