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Theorizing Corporate Governance: Organizational Alternatives

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  • Simon Learmount

    (Judge Institute of Management, University of Cambridge, Trumpington Street, Cambridge CB2 1AG, UK. Tel: 44-1223-765334. Fax: 44-1223-339701. E-mail: s.learmount@jims.cam.ac.uk)

Abstract

In this paper I contrast ‘economic’ and ‘organizational’ approaches to corporate governance, in order to draw out some of their distinctive features and discuss their relative strengths and weaknesses. I identify some promising areas of new research that examine the role of social controls and trust for the way that companies are governed. Although these are fairly embryonic, I argue that they call into question the hegemony of economic theories in theorizing the governance of the corporation. I conclude by advocating a re-consideration and broadening of the current conceptual scope of corporate governance, so as to facilitate and encourage other potentially valuable ways of exploring and understanding how companies are governed.

Suggested Citation

  • Simon Learmount, 2003. "Theorizing Corporate Governance: Organizational Alternatives," Journal of Interdisciplinary Economics, , vol. 14(2), pages 159-173, April.
    • Handle: RePEc:sae:jinter:v:14:y:2003:i:2:p:159-173
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