Corporate Governance Deviance

Ruth V. Aguilera, W. Q. Judge, S. Terjesen
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引用次数: 149

Abstract

We develop the concept of corporate governance deviance and seek to understand why, when, and how a firm adopts governance practices that do not conform to the dominant governance logic. Drawing on institutional theory, coupled with both the entrepreneurship and corporate governance literature, we advance a middle-range theory of the antecedents of corporate governance deviance that considers both the institutional context and firm-level agency. Specifically, we highlight the centrality of a firm’s entrepreneurial identity as it interacts with the national governance logic to jointly create corporate governance discretion (i.e., the latitude of accessible governance practices) within the firm. We argue that as a firm’s governance discretion increases, it will be more likely to adopt overconforming or underconforming governance practices that deviate from established norms and practices. Moreover, we propose that adopting a deviant corporate governance practice is contingent on the governance regulatory en...
公司治理偏差
我们发展了公司治理偏差的概念,并试图理解公司为什么、何时以及如何采取不符合主导治理逻辑的治理实践。借鉴制度理论,结合企业家精神和公司治理文献,我们提出了一个考虑制度背景和公司层面代理的公司治理偏差前因的中间理论。具体来说,我们强调了企业企业家身份的中心地位,因为它与国家治理逻辑相互作用,共同创造了公司内部的公司治理自由裁量权(即,可访问的治理实践的纬度)。我们认为,随着公司治理自由裁量权的增加,它将更有可能采用偏离既定规范和实践的过度合规或不合规的治理实践。此外,我们提出,采用越轨公司治理实践取决于治理监管环境。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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