Rethinking Corporate Governance

Rethinking Corporate Governance

The Forming of Operative and Financial Strategies in Global Corporations

Sven-Erik Sjöstrand

Rethinking Corporate Governance’s extensive and insightful empirical investigation offers a radically new approach to corporate governance. This ground-breaking volume describes and analyses the key nature-based and actor-based forces that ultimately determine corporate governance processes and long-term corporate paths. Generally, such forces work in complex and intricate interplays that to a large extent vary among corporations. The author argues that actions taken by individuals have a special status among those forces, as they not only generate impact in themselves, but also involve interpretations of the possible effects of all the other forces. Among those actions, the ones taken by the shareholders stand out as particularly decisive both for the governance processes as such and for how corporations develop over time.

Chapter 17: A few more general conclusions

Sven-Erik Sjöstrand

Subjects: business and management, corporate governance, international business, strategic management, economics and finance, corporate governance


In this final chapter a few more general conclusions are offered as tentative answers to the two comprehensive research questions initially formulated (Ch. 1), addressing both what main forces largely determine corporate development paths and – in that rather wide context – the particular impact of actorhood and ownership. However, these terse conclusions – and several others – have also been described in a more detailed way in the two preceding chapters (Ch. 15, ‘The impact of nature, occurrences, institutions and actor collectives on corporate paths’ and Ch. 16, ‘The impact of individual actors on corporate paths’). This chapter is divided into four parts, each one addressing one of the more important findings that were generated through the extensive empirical study (cf. Chapters 4–14) and in the previous analyses (Ch. 15 and Ch. 16). Thus, tentative conclusions are presented regarding how intricate interplays between the driving forces seem to determine both governance efforts and development processes (section 17.1), what kind of forces usually make it possible for corporations to adopt radically new paths (17.2), why calibration of operative and financial flows enable corporate development over time (17.3), and why the overall ownership settings are crucial for the ways corporations move forward (17.4).

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