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Please use this identifier to cite or link to this item: http://hdl.handle.net/10092/6218

Title: Institutional Logics of Corporate Governance
Authors: Crombie, N.A.
Keywords: corporate governance
institutional theory
discourse analysis
Issue Date: 2011
Citation: Crombie, N.A. (2011) Institutional Logics of Corporate Governance. Wellington, New Zealand: Fifth New Zealand Management Accounting Conference, 17-18 Nov 2011. 1-27.
Abstract: Purpose: Zajac and Westphal (2004) argue that there are two institutional logics of corporate governance: Corporate Logic and Investor Logic. This paper examines how Corporate Logic and Investor Logic are embedded in public discourse on corporate governance. Design/methodology/approach: A selection of codes of practice and corporate annual reports from Australia, New Zealand and the United Kingdom are sampled. Extracts from the sampled texts are collected and analysed. These extracts relate to eight aspects of corporate governance (including incentive schemes and performance measures). Findings: Public discourse on corporate governance is consistent with both Corporate Logic and Investor Logic. Investor Logic is more deeply embedded in the sampled codes of practice than Corporate Logic; whereas both logics are deeply embedded in the sampled corporate annual reports. Theoretical implications: Despite Corporate Logic and Investor Logic have opposing assumptions about human behaviour and implications for corporate governance, these logics appear to have merged into a new institutional logic. Paper Type: Empirical.
Publisher: University of Canterbury. Department of Accounting and Information Systems
Research Fields: Field of Research::15 - Commerce, Management, Tourism and Services::1503 - Business and Management::150303 - Corporate Governance and Stakeholder Engagement
URI: http://hdl.handle.net/10092/6218
Rights URI: http://library.canterbury.ac.nz/ir/rights.shtml
Appears in Collections:Business and Law: Conference Contributions

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