Comparative Corporate Governance in Emerging Markets

Aguilera, Ruth V.; Haxhi, Ilir

doi:10.2139/ssrn.3196357

Cited by 3 publications

(2 citation statements)

References 140 publications

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“…Moreover, while researchers have started to identify some of the unique CG characteristics of emerging-market firms (Aguilera & Haxhi, 2019), extant research on emerging-market firms is limited. We believe that future research could address numerous questions about firms based in these markets.…”

Section: Discussion and Future Researchmentioning

confidence: 99%

The Corporate Governance of Environmental Sustainability: A Review and Proposal for More Integrated Research

Aguilera

Aragón‐Correa

Marano

et al. 2021

Journal of Management

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179

147

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As corporations’ environmental impact comes under greater scrutiny by global financial, regulatory, and societal stakeholders, management scholars have increasingly focused on the role of corporate governance as a tool for driving environmental initiatives. Still, we lack a comprehensive and systematic understanding of this emergent body of inquiry and a holistic agenda for future research. To address this gap, our integrative framework relates the key corporate governance actors to environmental sustainability outcomes from the extant literature and highlights its main methodological approaches and theoretical arguments. Our framework provides a critical analysis of what we know and points to the knowledge gaps around owners, boards of directors, CEOs, top management teams, and employees as corporate governance actors. We then highlight limitations in the existing literature as significant opportunities for further research to resolve its ambiguous conceptualizations of environmental sustainability constructs, various methodological and theoretical challenges, incomplete engagement with the global dimension of environmental sustainability, and limited analysis of how corporate governance actors may interact to shape environmental sustainability outcomes. We conclude by proposing novel approaches for addressing these issues, which we believe could generate a better way forward on studying the corporate governance of environmental sustainability.

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Section: Discussion and Future Researchmentioning

confidence: 99%

The Corporate Governance of Environmental Sustainability: A Review and Proposal for More Integrated Research

Aguilera

Aragón‐Correa

Marano

et al. 2021

Journal of Management

Self Cite

179

147

View full text Add to dashboard Cite

show abstract

“…Hence we are aware that our study is not likely to cover all the paths along which conflicts evolve in state-capitalist or other emerging market contexts. Even BRIC countries, while characterized by patrimonialism and overwhelming state influence (Child & Tse, 2001), differ from each other in a number of respects (Aguilera & Haxhi, 2019). For instance, the bureaucratic embeddedness of Chinese SOMNEs in the Chinese government has led to strong pressure on these firms to embrace sustainability to improve the country's environmental image and related sociopolitical legitimacy and stability (Li & Lu, 2016;Marquis & Qian, 2014).…”

Section: Boundary Conditions and Future Researchmentioning

confidence: 99%

Theorizing MNE-NGO conflicts in state-capitalist contexts: Insights from the Greenpeace, Gazprom and the Russian state dispute in the Arctic

Villo

Halme

Ritvala

2020

Journal of World Business

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A Construção Social de uma Corporação Transnacional

Santos

2019

Repam

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O artigo discute as relações Estado-mercado no Brasil a partir da afirmação de um novo regime de governança corporativa (GC) como ordem institucional e seus efeitos de poder sobre os agentes políticos e econômicos. Desse modo, integra as transformações conjunturais na ação de agentes proprietários, gestores e do Estado em uma explicação da mudança institucional em uma corporação de origem brasileira, a Vale S.A., analisando a emergência da “nova governança corporativa” da Vale. Argumenta-se que uma nova estrutura de pressões intra- e inter-corporativas condiciona o enquadramento da corporação ao modelo anglo-americano de GC, com efeitos relevantes para a conformação da firma e de seus agentes. A investigação empregou análise documental, enfocando predominantemente relatórios corporativos e documentos de mídia, além de técnicas de observação participante. Os resultados são consistentes com um processo de reconfiguração da estrutura de poder interna à Vale, com perda relativa de influência dos fundos de pensão, banco público e Governo Federal, mas também retração de autonomia de seu quadro dirigente, em favor de investidores institucionais externos e de agentes do mercado financeiro.

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Comparative Corporate Governance in Emerging Markets

Cited by 3 publications

References 140 publications

The Corporate Governance of Environmental Sustainability: A Review and Proposal for More Integrated Research

The Corporate Governance of Environmental Sustainability: A Review and Proposal for More Integrated Research

Theorizing MNE-NGO conflicts in state-capitalist contexts: Insights from the Greenpeace, Gazprom and the Russian state dispute in the Arctic

A Construção Social de uma Corporação Transnacional

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