In this article, we develop a theoretical model to identify and explain the diversity of corporate governance across advanced capitalist economies. Our sociological approach is inspired by quot;actor-centeredquot; institutionalism in stressing the interplay of institutions and firm-level actors....

This paper analyzes corporate governance systems in five Latin American countries: Argentina, Brazil, Chile, Colombia and Venezuela. We account for the broader institutional environment in explaining changes over time as well as existing corporate governance systems. We use a stakeholder...

This paper examines why and how corporate governance practices are implemented across countries. We look at the worldwide development and adoption of codes of good governance, a set of best practice recommendations regarding the behavior and structure of the board of directors. We find that...

Purpose – This chapter discusses the role that indices of corporate governance have had in comparative corporate governance research. Design/Methodology/Approach – The authors begin with a short discussion of what corporate governance is and its main debates. Then, the authors review the...

This chapter is a commentary on Kobrin's essay on the current transition to the transnational era where there is a shift in the balance of power from sovereign states to non-state stakeholders and what role the multinational corporation (MNC) plays in this transition. It celebrates Kobrin's...

Corporate governance research based on agency theory has been criticized for being “under-contextualized,” and for evaluating various governance practices independently. To address both criticisms, we take a configurational approach and show how firm-level governance practices interact with...

This paper reviews the evolving literature on top management team effects in mergers and acquisitions (M&As). Existing research has focused on understanding why incumbent top managers depart at higher rates than normal following an acquisition and why high turnover rates have negative...

International business research has long acknowledged the importance of regional factors for foreign direct investment (FDI) by multinational corporations (MNCs). However, significant differences when defining these regions obscure the analysis about how and why regions matter. In response, we...