Control and collaboration: Paradoxes of governance

• 成果类型: Review
• 署名作者: Sundaramurthy, C; Lewis, M
• 署名单位: California State University System; San Diego State University; University System of Ohio; University of Cincinnati
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• 发表日期: 2003
• 页码: 397-415
• 关键词: board composition; corporate governance; Ownership structure; institutional investors; CEO DUALITY; ANTITAKEOVER PROVISIONS; Agency problems; DIRECTORS; performance; management

摘要

Corporate governance is an increasingly provocative topic, evident in ongoing debates between proponents of control versus collaborative approaches. We accommodate these contrasting approaches within a paradox framework, using agency and stewardship theories to elaborate the underlying tensions and to emphasize the value of monitoring. as well as empowerment. Building from these tensions, we examine reinforcing cycles that foster strategic persistence and organizational decline. We conclude by discussing means of managing control and collaboration, highlighting the implications for corporate, governance.