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Governance strategy: a property right approach turning governance into action
Kristianstad University College, Department of Business Administration.
2007 (English)In: Journal of Management and Governance, ISSN 1385-3457, E-ISSN 1572-963X, Vol. 11, no 3, p. 215-237Article in journal (Refereed) Published
Abstract [en]

Corporate governance (CG) needs to acknowledge the intentional part of governance, where an actor of governance uses the set of corporate governance mechanisms in order to influence the agent to create a performance that will satisfy the interest of the principal. This paper offers a conception of this activity through the concept of governance strategy. The concept is based on a property right approach and derived within the context of agency theory, stressing the interest and the capacity of the principal. It is applied to two empirical organisations seldom investigated in CG research: the organisation of multinational corporations in a business group and the organisation of a riding school in a democratic not-for-profit association, thereby extending the relevance of the concept from corporate governance to organizational governance. The empirical analysis indicates the relevance of the conception and suggests further extension through hypotheses of governance strategy related to environmental influence, accessibility of governance mechanisms and momentum of mechanisms.

Place, publisher, year, edition, pages
2007. Vol. 11, no 3, p. 215-237
Keywords [en]
Agency theory, corporate governance, governance strategy, property rights
National Category
Business Administration Social Sciences
Identifiers
URN: urn:nbn:se:hkr:diva-432DOI: 10.1007/s10997-007-9027-4OAI: oai:DiVA.org:hkr-432DiVA, id: diva2:174569
Available from: 2009-02-23 Created: 2009-02-23 Last updated: 2017-12-13Bibliographically approved

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CiteExportLink to record
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  • apa
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