Comparative Corporate Governance: Competitive Implications of an Emerging Convergence

Rubach, Michael J.; Sebora, Terrence C.
July 1998
Journal of World Business;Summer98, Vol. 33 Issue 2, p167
Academic Journal
Corporate governance scholarship posits that the governance structure of a firm affects its competitive performance. As governance structures and systems initially developed, differing legal, financial, and cultural factors caused them to vary. Divergent paths resulted in multiple governance forms. Presently, evidence is growing that these governance systems are changing and are beg inning to look more alike. This convergence can be viewed as the adoption of the best practices of the existing systems. During convergence, some firms can gain competitive advantage by altering their governance structures to incorporate elements that global stake holders appear to value. This is true for companies in both emerging and established economies.


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