Edited by Andreas Nölke and Christian May
This chapter provides an overview of the literature on corporate governance and corporate accountability, focusing on listed companies. It first surveys the normative debate on corporate responsibility, opposing two antagonistic models: the shareholder primacy model and the corporate social responsibility model. It then relates this (normative) diversity to the empirical diversity in corporate governance systems. The following sections narrow the scope of the analysis, to discuss in more details two crucial governance mechanisms and their effects on various firm outcomes: the distribution of stock ownership, and the composition and functioning of the board of directors.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.