Interpreting the ethicality of corporate governance decisions in Russia: Utilizing integrative social contracts theory to evaluate the relevance of agency theory norms

• 成果类型: Article
• 署名作者: Mccarthy, Daniel J.; Puffer, Sheila M.
• 署名单位: Northeastern University
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.5465/amr.2008.27745006
• 发表日期: 2008
• 页码: 11-31
• 关键词: BUSINESS ETHICS; culture; success; soviet; guanxi; trust; firm

摘要

We argue that the norms underlying agency theory can be inappropriate for interpreting the ethicality of corporate governance decisions and behaviors of Russians because they were developed in countries with mature market-oriented economies. We posit that integrative social contracts theory has more explanatory power, taking market-oriented values. We describe three examples of ethical conflict in Russian corporate governance arising from these two sets of values and discuss implications for Western managers interacting with Russians in this crucial area of business activity.