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Institutionalizing Codes of Governance

Bibliographic Data

ID3756096
AuthorsAlfredo Enrione (0000-0003-0023-562X, ESE, Universidad de los Andes), Carmelo Mazza (0009-0008-7500-8716, University of Roma “La Sapienza” and Grenoble Ecole de Management), Fernando Zerboni (IAE, Universidad Austral)
Year2006
Volume49
Issue7
Pages961-973
Publication date2006-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Behavioral Scientist (JOURNAL)
Journal identifiersISSN: 0002-7642 • E-ISSN: 1552-3381
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0002764205285175
OpenAlexW3124683670
LanguageEN
Citations received6
References cited20

Economic systems are undergoing a generalized effort to improve corporate governance structures and processes. Waves of scandals and increasing public scrutiny push institutional regulators and corporate boards of directors to establish and adopt new practices. Codes of good governance have emerged as a primary tool to increase the effectiveness of corporate governance systems. Building on extant views of institutional change, the authors study the process of the institutionalization of codes of governance and the role of the different actors involved in issuing the codes. They define four groups of actors: law-makers, model makers, market makers, and governance enactors. They analyze a sample of 150 codes of governance introduced in 78 countries from 1978 to 2004 to describe the following stages of institutionalization: precipitating jolts, theorization, diffusion, and reinstitutionalization. This description invites thorough investigation of the content of codes of governance and the likelihood adopting such codes in a given country

Business · Corporate governance · Economics · Extant taxon · Institutional theory · Institutionalisation · Management · Political science · Process (computing) · Public relations · Sample (material) · Scrutiny · Accounting · Corporate Finance and Governance · Corruption and Economic Development · Finance · Law · Political Influence and Corporate Strategies

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Unique citing works6
Citations per year0,32
Citation span2007 - 2026 (20)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 5

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