Gobierno corporativo una aproximación teórica
Autores/as
- Alexandra Portalanza, AP
DOI:
https://doi.org/10.18041/2382-3240/saber.2013v8n1.1888Palabras clave:
Gobierno corporativo, grupos de interés, teoría de agencia, teoría de modelo de sociosResumen
El devenir del entorno económico y financiero de las últimas décadas ha condicionado en gran parte el modo en que las organizaciones se relacionan con personas y entidades de su entorno. Esto ha dado lugar a la necesidad de que las organizaciones cuenten con sistemas de gobierno corporativo eficaces y eficientes. El propósito de este artículo es documentar la evolución del constructo “gobierno corporativo” con el objetivo de aportar en la estructuración de un marco conceptual que ordene el conocimiento. Se hace una revisión de los antecedentes, conceptos, teorías relacionadas y grupos de interés involucrados. Se concluye que las definiciones del término gobierno corporativo varían desde diferentes puntos de vista, así como las estructuras y procesos dentro de cada organización. De ahí que uno de los principales objetivos del GC sea asegurar y proteger los intereses de todos los stakeholders de una organización.
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Biografía del autor/a
-
Alexandra Portalanza, AP
Profesor a tiempo completo - Universidad Espìritu Santo, UEES - Ecuador. Ingeniera Comercial, Master en Administración deEmpresas y Doctorando en Ciencias de la Dirección, Universidad del Rosario, Bogotá-Colombia. aportalanza@uees.edu.ec
Referencias
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12. Davis, G. (2005). New Directions in Corporate Governance. Annual Review of Sociology , 31, 143-162.
13. Denis, D., & McConnell, J. (2003). International Corporate Governance. Journal of Financial and Quantative Analysis, 38 (1), 1-36.
14. Donaldson, L., & Davis, J. (1991). Stewardship Theory or Agency Theory: CEO Governance and Shareholder returns. Australian Journal of Management , 16 (1), 49-65.
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16. Fama, E. (1980). Agency problems and the theory of the Firm. Journal of Political econoy , 88 (2), 288-307.
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20. Gillan, S. L. (2006). Recent Developments in Corporate Governance: An Overview. Journal of Corporate Finance , 12, 381-402.
21. Gillan, S. L., & Martin, J. D. (2007). Corporate Governance post-Enron: Effective reforms, or closing the stable door. Social Science Research Network , 1-43.
22. Gillan, S. L., & Starks, L. T. (1998). A Survey of Shareholder Activism: Motivation and Empirical Evidence. Contemporary Finance Digest , 2 (3), 10-34.
23. Graham, J., Hazarika, S., & Narasimhan, K. (2011). Corporate Governance, Debt and investment Policy during the great depression. Management Science , 57 (12), 2083–2100.
24. Harrison, J., Bosse, D., & Phillips, R. (2010). Managing for stakeholders, stakeholder utility functions & competitive advantage. Strategic Management Journal , 31 (1), 58-74.
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27. Jensen, M., & Meckling, W. (1976). Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics , 3 (4), 305-360.
28. Jong, A. d., Röell, A., & Westerhuis, G. (2010). Changing National Business Systems: Corporate Governance and Financing in the Netherlands, 1945-2005. Business History Review , 84 (4), 773-798.
29. Konzelmann, S., Wilkinson, F., Fovargue-Davies, M., & Sankey, D. (2010). Governance, regulation and financial market instability: the implications for policy. Cambridge Journal of Economics , 34, 929-954.
30. Marnet, O. (2005). Behavior and Rationality in Corporate Governance. Journal of econoic Issues , XXXIX (3), 613-632.
31. Martínez, I. D. (2010). Algunas reflexiones sobre el gobierno corporativo. Dimensión Económica, Instituto de Investigaciones Económicas , 1 (2), 1-9.
32. Mat, N., Zuriyati, Z., & Tamby, I. (2011). Corporate governancce failure and its impact on financial reporting. International Journal of Business and Social Science, 2 (21), 205-213.
33. Melis, A. (2005). Corporate Governance Failures: to what extent is Parmalat a particularly Italian case. Corporate Governance , 13 (4), 478-488.
34. Mir, S., & Nishat, M. (2004). Corporate governance structure and firm performance in Pakistan-an empirical study. Institute of Business Administration . Karachi: Working Paper.
35. Mostovicz, E. I., Kakabadse, N. K., & Kakabadse, A. (2011). Corporate governance: quo vadis? Corporate Governance, 11 (5), 613-626.
36. Norwani, N. M., Mohamad, Z. Z., & Chek, I. T. (2011). Corporate Governance Failure and its impact of ifnancial reporting. International Journal of Business and Social Science , 2 (21), 205-213.
37. Perrow, C. (1986). Economic theories of organization. Theory and Society , 15 (1), 11-45.
38. Pfeffer, J., & Salancik, G. (2003). The external control of organizations: A resource dependence perspective. Standford, California: Standford University Press.
39. Podrug, N. (2011). CORPORATE GOVERNANCE AS A LEARNING PROCESS: ORGANISATIONAL AND SOCIETAL LEVELS. Megatrend Review , 8 (1), 95-112.
40. Report, C. (1992). European Corporate Governance Institute. Recuperado el 23 de 12 de 2012, de The Financial Aspects of Corporate Governance: http://www.ecgi.org/codes/documents/cadbury.pdf
41. Rosenblum, S. A., Lipton, M., & Mirvis, T. N. (Noviembre de 1995). Corporate Governance in the era of institutional ownership and control: Rethinking Corporate Governance for the Twenty-First century. Lexis Nexis Academic.
42. Sebastián, L. d. (1998). La pobreza en Estados Unidos. Barcelona: www.fespinal.com.
43. Shahin, A., & Zairi, M. (2007). Corporate governance as a critical element for driving excellence in corporate social resonsability. International Journal of Quality & Reliability Management , 24 (7), 753-770.
44. Shahin, A., & Zairi, M. (2007). Corporate governance as a critical element for driving excellence in corporate social responsibility. International Journal of Quality & Reliability Management , 753-770.
45. Sheppard, J. (1995). A Resource Dependence Approach to organizational Failure. Social Sience Research , 24, 28-62.
46. Shleifer, A., & Vishny, R. (1997). A Survey of Corporate Governance. Journal of Finance , LII (2), 737-783.
47. Tidman, A. M. (2007). Securities law enforcement in the twenty-first century: why states are better equipped than the security and exchange commission to enforce securities law. Syracuse Law Review , 57, 379.
48. Vintilã, G., & Gherghina, S. (2012). An Empirical Investigation of the Relationship between Corporate Governance Mechanisms, CEO Characteristics and Listed Companies Performance. International Business Research , 5 (10), 175-191.
49. Young, S., & Thyil, V. (2008). A holistic model of corporate governance: a new research framework. Corporate Governance , 94-108.
50. Zingales, L. (December de 1997). Corporate Governance, National Bureau of Economic Research Working paper 6309 . Cambrigde, Ma, Estados Unidos.
51. Zingales, L. (1998). Corporate Governance. Forthcoming in the new palgrave dictionary of Economics and the law. 1-20.
2. Allen, F., & Gale, D. (2002). A comparative theory of Corporate governance. The Wharton Financial Institutions Center , 1-27.
3. Berle, A., & Means, G. (1932). The Modern Corporation and Private Property. Transaction publishers.
4. Blair, M. (1995). Ownership and Control: Rethinking Corporate Governance for the twenty-first century. Washington D.C.: Brookings Institution Press.
5. CAF. (2005). Gobierno Corporativo: Lo que todo empresario debe saber. Centro de Estudios de Mercados de Capitales y Financiero.
6. Chaves, R., & Schediwy, R. (2004). Gobierno, democracia y directivos en las empresas cooperativas. Revista de la Economía pública, social y cooeprativa. , 48, 5-10.
7. Clarke, T. (2005). Accounting for Enron: shareholder value and Stakeholder interests. Corporte Governance: An international review , 13 (5), 598-612.
8. Coase, R. (1937). The nature of the firm. Económica , 4 (16), 386-405.
9. Conyon, M., Judge, W., & Useem, M. (2011). Corporate Governance and the 2008–09 Financial Crisis. Corporate Governance: An international review , 19 (5), 399-404.
10. Cornforth, C. (2004). The Governance of cooperatives and mutual associations: A paradox perspective. Annals of Public and Cooperative Economics , 75 (1), 11-32.
11. Dan Dragomir, V. (2008). Highlights for a history of Corporate Governance. European Journal of Management, ISSN: 1555-4015.
12. Davis, G. (2005). New Directions in Corporate Governance. Annual Review of Sociology , 31, 143-162.
13. Denis, D., & McConnell, J. (2003). International Corporate Governance. Journal of Financial and Quantative Analysis, 38 (1), 1-36.
14. Donaldson, L., & Davis, J. (1991). Stewardship Theory or Agency Theory: CEO Governance and Shareholder returns. Australian Journal of Management , 16 (1), 49-65.
15. Eells, R. (1956). The rationale of Corporate Philantropy. Vital speeches of the day , 216-219.
16. Fama, E. (1980). Agency problems and the theory of the Firm. Journal of Political econoy , 88 (2), 288-307.
17. Freeman, R. (1984). Strategic Management: A stakeholder approach. Boston: Pitman Press.
18. Freeman, R., Harrison, J., Wicks, A., Parmar, B., & Colle, S. d. (2010|). Stakeholder Theory: The State of the Art . New York : Cambridge Unviersity Press.
19. Ganga, F., & Vera, J. (2008). El Gobierno Corporativo: Consideraciones y Cimientos Teóricos. Cuadernos de Administración Bogotá, Colombia , 21 (35), 93-126.
20. Gillan, S. L. (2006). Recent Developments in Corporate Governance: An Overview. Journal of Corporate Finance , 12, 381-402.
21. Gillan, S. L., & Martin, J. D. (2007). Corporate Governance post-Enron: Effective reforms, or closing the stable door. Social Science Research Network , 1-43.
22. Gillan, S. L., & Starks, L. T. (1998). A Survey of Shareholder Activism: Motivation and Empirical Evidence. Contemporary Finance Digest , 2 (3), 10-34.
23. Graham, J., Hazarika, S., & Narasimhan, K. (2011). Corporate Governance, Debt and investment Policy during the great depression. Management Science , 57 (12), 2083–2100.
24. Harrison, J., Bosse, D., & Phillips, R. (2010). Managing for stakeholders, stakeholder utility functions & competitive advantage. Strategic Management Journal , 31 (1), 58-74.
25. Holmstrom, B. (1979). Moral Hazard and observability. Bell Journal of Economics , 10 (1), 74-91.
26. Jensen, M. C. (2003). Paying People to Lie: the Truth about the budgeting Process. European Financial Management, 9 (3), 379-406.
27. Jensen, M., & Meckling, W. (1976). Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics , 3 (4), 305-360.
28. Jong, A. d., Röell, A., & Westerhuis, G. (2010). Changing National Business Systems: Corporate Governance and Financing in the Netherlands, 1945-2005. Business History Review , 84 (4), 773-798.
29. Konzelmann, S., Wilkinson, F., Fovargue-Davies, M., & Sankey, D. (2010). Governance, regulation and financial market instability: the implications for policy. Cambridge Journal of Economics , 34, 929-954.
30. Marnet, O. (2005). Behavior and Rationality in Corporate Governance. Journal of econoic Issues , XXXIX (3), 613-632.
31. Martínez, I. D. (2010). Algunas reflexiones sobre el gobierno corporativo. Dimensión Económica, Instituto de Investigaciones Económicas , 1 (2), 1-9.
32. Mat, N., Zuriyati, Z., & Tamby, I. (2011). Corporate governancce failure and its impact on financial reporting. International Journal of Business and Social Science, 2 (21), 205-213.
33. Melis, A. (2005). Corporate Governance Failures: to what extent is Parmalat a particularly Italian case. Corporate Governance , 13 (4), 478-488.
34. Mir, S., & Nishat, M. (2004). Corporate governance structure and firm performance in Pakistan-an empirical study. Institute of Business Administration . Karachi: Working Paper.
35. Mostovicz, E. I., Kakabadse, N. K., & Kakabadse, A. (2011). Corporate governance: quo vadis? Corporate Governance, 11 (5), 613-626.
36. Norwani, N. M., Mohamad, Z. Z., & Chek, I. T. (2011). Corporate Governance Failure and its impact of ifnancial reporting. International Journal of Business and Social Science , 2 (21), 205-213.
37. Perrow, C. (1986). Economic theories of organization. Theory and Society , 15 (1), 11-45.
38. Pfeffer, J., & Salancik, G. (2003). The external control of organizations: A resource dependence perspective. Standford, California: Standford University Press.
39. Podrug, N. (2011). CORPORATE GOVERNANCE AS A LEARNING PROCESS: ORGANISATIONAL AND SOCIETAL LEVELS. Megatrend Review , 8 (1), 95-112.
40. Report, C. (1992). European Corporate Governance Institute. Recuperado el 23 de 12 de 2012, de The Financial Aspects of Corporate Governance: http://www.ecgi.org/codes/documents/cadbury.pdf
41. Rosenblum, S. A., Lipton, M., & Mirvis, T. N. (Noviembre de 1995). Corporate Governance in the era of institutional ownership and control: Rethinking Corporate Governance for the Twenty-First century. Lexis Nexis Academic.
42. Sebastián, L. d. (1998). La pobreza en Estados Unidos. Barcelona: www.fespinal.com.
43. Shahin, A., & Zairi, M. (2007). Corporate governance as a critical element for driving excellence in corporate social resonsability. International Journal of Quality & Reliability Management , 24 (7), 753-770.
44. Shahin, A., & Zairi, M. (2007). Corporate governance as a critical element for driving excellence in corporate social responsibility. International Journal of Quality & Reliability Management , 753-770.
45. Sheppard, J. (1995). A Resource Dependence Approach to organizational Failure. Social Sience Research , 24, 28-62.
46. Shleifer, A., & Vishny, R. (1997). A Survey of Corporate Governance. Journal of Finance , LII (2), 737-783.
47. Tidman, A. M. (2007). Securities law enforcement in the twenty-first century: why states are better equipped than the security and exchange commission to enforce securities law. Syracuse Law Review , 57, 379.
48. Vintilã, G., & Gherghina, S. (2012). An Empirical Investigation of the Relationship between Corporate Governance Mechanisms, CEO Characteristics and Listed Companies Performance. International Business Research , 5 (10), 175-191.
49. Young, S., & Thyil, V. (2008). A holistic model of corporate governance: a new research framework. Corporate Governance , 94-108.
50. Zingales, L. (December de 1997). Corporate Governance, National Bureau of Economic Research Working paper 6309 . Cambrigde, Ma, Estados Unidos.
51. Zingales, L. (1998). Corporate Governance. Forthcoming in the new palgrave dictionary of Economics and the law. 1-20.
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Publicado
2013-01-01
Número
Sección
Empresa y Sociedad
