Corporate Governance Theories in the New Institutional Economics Perspective. The Classification of Theoretical Concepts
Teorie nadzoru korporacyjnego w świetle założeń nowej ekonomii instytucjonalnej. Próba usystematyzowania koncepcji
Author(s): Emilia KlepczarekSubject(s): Business Economy / Management
Published by: Łódzkie Towarzystwo Naukowe
Keywords: neo-institutionalism; typology of theories; agency theory; stakeholders perspective; transaction costs
Summary/Abstract: The inter-disciplinarity and multi-paradigmatism of corporate governance issues results in a lack of clear categorization of the theories. This paper attempts to systematize theories of corporate governance with special emphasis on the new institutional economics (NIE) framework and suggests new concepts for systematization. It allows us to understand better the limitations of each theory, and thus to choose the best one in particular circumstances, as well as provide them with the best available methodology. Bringing all the theories into the paradigm of NIE makes them closer to real market conditions and enables us to use methods attributed to neo-institutional research.
Journal: Studia Prawno-Ekonomiczne
- Issue Year: 2017
- Issue No: 105
- Page Range: 243-258
- Page Count: 16
- Language: English