TITLE

Power Plays: Can Power Dynamics Explain Changes in Corporate Governance Practices?

AUTHOR(S)
Rehbein, Kathleen
PUB. DATE
May 2006
SOURCE
Academy of Management Perspectives;May2006, Vol. 20 Issue 2, p74
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses a study which investigated the relationship between changes in corporate governance practices and a firm's financial performance. Three broad types of governance practices, namely governance features, charter amendments and state antitakeover laws from 1980 to 1995, were considered. The author found a dramatic increase in the number of firms adopting governance practices between 1980 and 1995. He also found that shareholders seemed to adopt governance practices that constrained their wealth. Another finding related to the shifting balance of power in corporations between shareholders and boards.
ACCESSION #
20591008

 

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