This paper assesses the effectiveness of the Netherlands’ private sector initiative on selfregulation to improve corporate governance. We compare corporate governance characteristics and the relation between firm value and these characteristics before and after the private sector initiative. We find that the recommendations of the private sector initiative had no substantive effect on corporate...

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The expanding opportunities for the IAF have been highlighted through the increased interest in better corporate governance practices (Ebaid, 2011). This claim is supported by real-life cases which elucidate clearly the implications of underestimating the role that the IAF can and should play (Boyle, 2012). Moreover, CG creates heated debate since noticeable failures of accountability have been...

Challenging the dominant economic agency theory of corporate governance with a new discourse drawn from institutional theory, the paper analyses how management accounting is implicated in corporate governance. The proposed institutional theory of agency links the micro-institutions of the organization that are informed by the practices of management accounting with external institutional player...

While much research has focused on how weak domestic institutions constrain the emergence of good corporate governance practices in transition and developing economies, few studies have paid attention to the significant inter-firm variations in governance existing there. This paper focuses on firm-specific actions that aim to distinguish the firm from its peers. It reports the disparity in cred...

Recent corporate scandals have led to new governance rules by the United States Congress as well as by stock exchanges. This study examines the changes in corporate governance practices during 2001-2005, which covers the period before and after the new regulations. We analyze a comprehensive set of 64 governance attributes for more than 5,200 firms. Our findings indicate that corporate governan...

This review paper examines the question of how to facilitate a more effective system of community knowledge mobilization given institutional and cultural separation among researchers and community practitioners. Several perspectives are explored as the specific topic of knowledge mobilization has received limited treatment in the literature. Related perspectives include the development of organ...

This paper is concerned with organizational response to institutional pressure. We argue that when faced with externally imposed standards, organizations can sometimes respond by developing alternative standards for the same practices. This “substitution response” can shift the attention of stakeholders away from noncompliance with the original standards to adherence to the alternative standard...

This paper discusses the relationship between social movements and corporate governance practices in large firms in Norway and Sweden in the post-war period. It presents two paradoxical outcomes and tries to make sense of them. The theoretical argument is that structural features (national trajectories, shared cultures, industrial structure) alone cannot explain the choice of management strateg...

n the wake of the recent corporate scandals, corporate governance practices have received heightened attention. Shareholders, creditors, regulators, and academics are examining the decision-making process in corporations and other organizations and are proposing changes in governance structures to enhance accountability and efficiency. To the extent that these proposals are based on academic re...