Theories of Corporate Governance

Edited by Thomas Clarke

© 2004 – Routledge

384 pages

Purchasing Options:
Paperback: 9780415323079
pub: 2004-08-12
US Dollars$76.95
Hardback: 9780415323086
pub: 2004-08-12
US Dollars$245.00

Comp Exam Copy

About the Book

In the wake of the financial and corporate scandals of recent years, corporate governance increasingly is recognised as being at the heart of understanding how and why businesses are run as they are. But while there are diverse and well-established theories of corporate governance, they are rarely gathered in a coherent and comparative way.

This comprehensive reader brings together the most influential writing in the field, with editorial commentary, to provide a uniquely interdisciplinary resource for students and lecturers that underpins contemporary analysis of corporate governance. Topics covered include:

  • the separation of ownership and control
  • how economic activity is organised through firms
  • the managerial revolution in business
  • agency, stewardship and stakeholder theory
  • globalization and convergence
  • the critique of shareholder value
  • post-Enron analysis.

Structured to provide an introduction and overview of corporate governance from the classical theories to contemporary controversies, this reader functions either as a stand-alone text, or as a companion to International Corporate Governance, a textbook also authored by Thomas Clarke.


'This unique collection brings together this widely dispersed material for the first time, providing students and researchers in corporate governance with an unrivalled resource.' - International Institute of Administrative Sciences

'Every student of corporate governance will want to read Thomas Clarke’s book to aid them in making sense of what is otherwise becoming an endless corporate governance maze.' - Professor Douglas M. Branson, University of Pittsburgh, USA

Table of Contents

Part 1: Economic Foundations Part 2: Agency Theory Part 3: Managerial Hegemony Part 4: Stewardship Theory Part 5: External Pressures Part 6: Stakeholder Theory Part 7: Theories of Convergence Part 8: Critique of Shareholder Value Part 9: Post-Enron Theories

About the Editor

Thomas Clarke is Director of the Centre for Corporate Governance and Professor of Management at the University of Technology, Sydney. He has a doctorate from the University of Warwick Business School. Formerly DBM Professor of Corporate Governance at Leeds Business School and Visiting Professor at CEIBS, Shanghai, he was a member of the RSA Tomorrow's Company Inquiry that influenced the review of UK Company Law. At the OECD in Paris he helped develop the international corporate governance code adopted by governments throughout the world.

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Corporate Finance