Institutional Antecedents of Corporate Governance Legitimacy

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 perc...

Full description

Saved in:
Bibliographic Details
Published inJournal of management Vol. 34; no. 4; pp. 765 - 785
Main Authors Judge, William Q., Douglas, Thomas J., Kutan, Ali M.
Format Journal Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.08.2008
Sage Publications Ltd
Subjects
Competition
Competitiveness
Corporate governance
Corruption
Institutionalization
Law
Law enforcement
Legitimacy
Panel data
law and order
institutional theory
corruption
corporate governance legitimacy
global competitiveness
Online AccessGet full text

Cover

More Information
Summary: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.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0149-2063
1557-1211
DOI:10.1177/0149206308318615