Quotation Filatotchev, Igor, Nakajima, Chizu. 2014. Corporate governance, responsible managerial behaviour and CSR: organizational Efficiency versus organizational legitimacy? Academy of Management Perspectives 28 (3), 289-306.


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Abstract

Building on corporate governance research and institutional theory, this paper explores interrelationships between the firm's corporate governance, responsible leadership, and corporate social responsibility approaches in different institutional contexts. We present a critique of corporate governance research grounded in agency theory with its focus on corporate social responsibility as mere compliance with rules and regulations. We link different leadership orientations and corporate social responsibility approaches to two key process dimensions of corporate governance related to monitoring and incentives. This analysis builds on previous research that differentiates between governance mechanisms based on strategic as opposed to financial controls and explains how these types of control may be related to responsible managerial behavior and the firm's corporate social responsibility strategies. Building on governance studies grounded in sociology and organizational theory, we further argue that links between corporate social responsibility strategies and corporate governance factors such as boards of directors, ownership patterns, and executive incentives may differ depending on the legal system and institutional characteristics in a specific country. Our discussion suggests that researchers need to develop a more holistic, institutionally embedded governance framework to analyze organizational approaches to corporate social responsibility.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Academy of Management Perspectives
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, MAN-A, STRAT-B, WH-A
Language English
Title Corporate governance, responsible managerial behaviour and CSR: organizational Efficiency versus organizational legitimacy?
Volume 28
Number 3
Year 2014
Page from 289
Page to 306
Reviewed? Y
DOI http://dx.doi.org/10.5465/amp.2014.0014

Associations

People
Filatotchev, Igor (Details)
External
Nakajima, Chizu
Organization
Competence Center for Emerging Markets and CEE WE (Details)
Institute for International Business (Dikova) (Details)
Institute for International Business IN (Details)
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