Corporate Governance: An International Review
Выпуск N2 за 2004 год
Опубликовано на портале: 17-04-2007Christos Pitelis Corporate Governance: An International Review. 2004. Vol. 12. No. 2. P. 210-223.
We discuss the nature and role of (corporate) governance and (shareholder) value and their implications for (sustainable) economic performance. We critique and build on extant theory to develop a model of the determinants of value-wealth creation at the firm, national and global levels and explore current economic debates on governance and sustainable economic performance in its context. We conclude that (the need for) stakeholder value is derivative from (not opposed to) the concept of sustainable value, that national governance and the nationwide “governance-mix” impact on corporate governance and that national and global economic governance are essential for sustainable global value-wealth creation, and economic performance.