Article

Corporate Control and Managerial Power

Pepper D. Culpepper

in The Oxford Handbook of Business and Government

Published in print February 2010 | ISBN: 9780199214273
Published online May 2010 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199214273.003.0022

Series: Oxford Handbooks in Business and Management

 Corporate Control and Managerial Power

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This article reviews the existing literature on the politics of corporate governance. The scholarship discussed has provided an important corrective to work on the origins of ownership in the law and economics literature, which focused on the historical origins of legal systems as the primary determinant of contemporary patterns of share ownership and minority shareholder protection. New theories of the politics in corporate governance bring in political agency and possibilities for change over time in individual countries, both of which were absent from work on legal origins. And indeed, the new theories of corporate governance are not wrong about the politics they describe. They provide different and important lenses for explaining the politics of corporate governance during moments of high political salience.

Keywords: corporate governance; legal systems; minority shareholder protection; legal systems; political agency; managerial power

Article.  6776 words. 

Subjects: Business and Management ; Organizational Theory and Behaviour ; Business and Government

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