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Corporate Governance and the Business Life Cycle
In this unique collection of published articles by leading scholars in the field, Professor Filatotchev examines critical governance issues relating to different stages of the business life cycle. He identifies and reviews the role of factors such as ownership structure, shareholder activism and corporate boards in different firm-level and industrial contexts.
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Critical Acclaim
Contributors
Contents
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In this unique collection of published articles by leading scholars in the field, Professor Filatotchev examines critical governance issues relating to different stages of the business life cycle. He identifies and reviews the role of factors such as ownership structure, shareholder activism and corporate boards in different firm-level and industrial contexts.
This volume extends our understanding of governance issues beyond the narrow confines of economics and finance perspectives and provides a better account for the interdependencies of corporate governance practices within diverse technical, managerial, and institutional environments.
The editor has written an authoritative introduction which provides explanatory information and points the way for future research in this area.
This volume extends our understanding of governance issues beyond the narrow confines of economics and finance perspectives and provides a better account for the interdependencies of corporate governance practices within diverse technical, managerial, and institutional environments.
The editor has written an authoritative introduction which provides explanatory information and points the way for future research in this area.
Critical Acclaim
‘The book addresses a subject that has received far too little attention, since most studies either focus on mature firms or start-ups. The collected papers provide an excellent start in critiquing traditional agency theory by beginning to place our understanding of organizations in the context of both their internal and external environments. Perhaps it can help corporate governance, as an academic field, break out of its own relative path dependency.’
– CorpGov.net
– CorpGov.net
Contributors
17 articles, dating from 1993 to 2009
Contributors include: R. Aguilera, S. Boivie, C.M. Daily, D.R. Dalton, E. Gedajlovic, B. Golden, H. Gospel, A. Hillman, M. Hitt, R.E. Hoskisson, G. Jackson, R.A. Johnson, D. Laing, M. Lubatkin, M. Lynall, D.D. Moesel, K. Rediker, W.G. Sanders, W. Schulze, A. Seth, S. Toms, C. Weir
Contributors include: R. Aguilera, S. Boivie, C.M. Daily, D.R. Dalton, E. Gedajlovic, B. Golden, H. Gospel, A. Hillman, M. Hitt, R.E. Hoskisson, G. Jackson, R.A. Johnson, D. Laing, M. Lubatkin, M. Lynall, D.D. Moesel, K. Rediker, W.G. Sanders, W. Schulze, A. Seth, S. Toms, C. Weir
Contents
Contents:
Acknowledgements
Introduction Igor Filatotchev
PART I CORPORATE GOVERNANCE LIFE-CYCLE PARADIGM: EMERGING RESEARCH AGENDA
1. Ruth V. Aguilera, Igor Filatotchev, Howard Gospel and Gregory Jackson (2008), ‘An Organizational Approach to Comparative Corporate Governance: Costs, Contingencies, and Complementarities’
2. Igor Filatotchev, Steve Toms and Mike Wright (2006), ‘The Firm’s Strategic Dynamics and Corporate Governance Life-cycle’
3. Matthew D. Lynall, Brian R. Golden and Amy J. Hillman (2003), ‘Board Composition from Adolescence to Maturity: A Multitheoretic View’
4. Julian Franks, Colin Mayer and Stefano Rossi (2009), ‘Ownership: Evolution and Regulation’
5. Lucian Arye Bebchuk and Mark J. Roe (1999), ‘A Theory of Path Dependence in Corporate Ownership and Governance’
PART II CORPORATE GOVERNANCE IN ENTREPRENEURIAL FIRMS AND IPOs
6. Eric Gedajlovic, Michael H. Lubatkin and William S. Schulze (2004), ‘Crossing the Threshold from Founder Management to Professional Management: A Governance Perspective’
7. Shaker A. Zahra, Donald O. Neubaum and Morten Huse (2000), ‘Entrepreneurship in Medium-Size Companies: Exploring the Effects of Ownership and Governance Systems’
8. W.M. Gerard Sanders and Steven Boivie (2004), ‘Sorting Things Out: Valuation of New Firms in Uncertain Markets’
9. Igor Filatotchev and Kate Bishop (2002), ‘Board Composition, Share Ownership, and ‘Underpricing’ of UK IPO Firms’
PART III CORPORATE GOVERNANCE IN MATURE ORGANIZATIONS
10. Helen Short, Kevin Keasey, Mike Wright and Alison Hull (1999), ‘Corporate Governance: From Accountability to Enterprise’
11. Shaker A. Zahra (1996), ‘Governance, Ownership, and Corporate Entrepreneurship: The Moderating Impact of Industry Technological Opportunities’
12. Michael A. Hitt, Robert E. Hoskisson, Richard A. Johnson and Douglas D. Moesel (1996), ‘The Market for Corporate Control and Firm Innovation’
13. Kenneth J. Rediker and Anju Seth (1995), ‘Board of Directors and Substitution Effects of Alternative Governance Mechanisms’
PART IV ORGANIZATIONAL DECLINE AND BUY-OUTS
14. Donald C. Hambrick, Marta A. Geletkanycz and James W. Fredrickson (1993), ‘Top Executive Commitment to the Status Quo: Some Tests of its Determinants’
15. Catherine M. Daily and Dan R. Dalton (1994), ‘Bankruptcy and Corporate Governance: The Impact of Board Composition and Structure’
16. Igor Filatotchev and Steve Toms (2006), ‘Corporate Governance and Financial Constraints on Strategic Turnarounds’
17. Charlie Weir, David Laing and Mike Wright (2005), ‘Incentive Effects, Monitoring Mechanisms and the Market for Corporate Control: An Analysis of the Factors Affecting Public to Private Transactions in the UK’
Name Index
Acknowledgements
Introduction Igor Filatotchev
PART I CORPORATE GOVERNANCE LIFE-CYCLE PARADIGM: EMERGING RESEARCH AGENDA
1. Ruth V. Aguilera, Igor Filatotchev, Howard Gospel and Gregory Jackson (2008), ‘An Organizational Approach to Comparative Corporate Governance: Costs, Contingencies, and Complementarities’
2. Igor Filatotchev, Steve Toms and Mike Wright (2006), ‘The Firm’s Strategic Dynamics and Corporate Governance Life-cycle’
3. Matthew D. Lynall, Brian R. Golden and Amy J. Hillman (2003), ‘Board Composition from Adolescence to Maturity: A Multitheoretic View’
4. Julian Franks, Colin Mayer and Stefano Rossi (2009), ‘Ownership: Evolution and Regulation’
5. Lucian Arye Bebchuk and Mark J. Roe (1999), ‘A Theory of Path Dependence in Corporate Ownership and Governance’
PART II CORPORATE GOVERNANCE IN ENTREPRENEURIAL FIRMS AND IPOs
6. Eric Gedajlovic, Michael H. Lubatkin and William S. Schulze (2004), ‘Crossing the Threshold from Founder Management to Professional Management: A Governance Perspective’
7. Shaker A. Zahra, Donald O. Neubaum and Morten Huse (2000), ‘Entrepreneurship in Medium-Size Companies: Exploring the Effects of Ownership and Governance Systems’
8. W.M. Gerard Sanders and Steven Boivie (2004), ‘Sorting Things Out: Valuation of New Firms in Uncertain Markets’
9. Igor Filatotchev and Kate Bishop (2002), ‘Board Composition, Share Ownership, and ‘Underpricing’ of UK IPO Firms’
PART III CORPORATE GOVERNANCE IN MATURE ORGANIZATIONS
10. Helen Short, Kevin Keasey, Mike Wright and Alison Hull (1999), ‘Corporate Governance: From Accountability to Enterprise’
11. Shaker A. Zahra (1996), ‘Governance, Ownership, and Corporate Entrepreneurship: The Moderating Impact of Industry Technological Opportunities’
12. Michael A. Hitt, Robert E. Hoskisson, Richard A. Johnson and Douglas D. Moesel (1996), ‘The Market for Corporate Control and Firm Innovation’
13. Kenneth J. Rediker and Anju Seth (1995), ‘Board of Directors and Substitution Effects of Alternative Governance Mechanisms’
PART IV ORGANIZATIONAL DECLINE AND BUY-OUTS
14. Donald C. Hambrick, Marta A. Geletkanycz and James W. Fredrickson (1993), ‘Top Executive Commitment to the Status Quo: Some Tests of its Determinants’
15. Catherine M. Daily and Dan R. Dalton (1994), ‘Bankruptcy and Corporate Governance: The Impact of Board Composition and Structure’
16. Igor Filatotchev and Steve Toms (2006), ‘Corporate Governance and Financial Constraints on Strategic Turnarounds’
17. Charlie Weir, David Laing and Mike Wright (2005), ‘Incentive Effects, Monitoring Mechanisms and the Market for Corporate Control: An Analysis of the Factors Affecting Public to Private Transactions in the UK’
Name Index