Developing Codes of Conduct
Regulatory Conversations as Means for Detecting Institutional Change
Bibliographic Data
| ID | 6089770 |
|---|---|
| Authors | Karin Jonnergård (0000-0002-9286-8792, Växjö Kommun), Ulf Larsson (0000-0002-0791-6199, Växjö Kommun) |
| Year | 2007 |
| Volume | 29 |
| Issue | 4 |
| Pages | 460-492 |
| Publication date | 2007-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Law & Policy (JOURNAL) |
| Journal identifiers | ISSN: 0265-8240 • E-ISSN: 1467-9930 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-9930.2007.00263.x |
| OpenAlex | W1997185394 |
| Language | EN |
| Citations received | 2 |
| References cited | 56 |
The introduction of a new corporate governance code in Sweden, modeled after prevailing Anglo‐Saxon norms of corporate governance, offers the opportunity to investigate global regulatory convergence. Using the metaphor of regulatory space, this article analyzes the positions of the parties who submitted formal responses to the introduction of “The Swedish Code of Corporate Governance—A Proposal from the Code Group.” While the globalization of financial markets might forecast unconditional acceptance of the proposed code by business and financial interests, the analysis of who made comments, and what was said, reveals three categorically distinct groups: Swedish business “insiders” connected to the existing institutional framework who opposed changes that would erode traditional division of functions, including collective responsibility for the actions of company boards; “outsiders” (i.e., foreign investors and more marginal Swedish investors) aligned with Anglo‐Saxon internationalization of the markets who would change the system of corporate accountability; and the professions (i.e., auditors), who advocated for their professional interests. Of the three groups, Swedish business insiders were most successful in gaining support for their positions. Although international financial and political interests were key to the introduction of the Code in the first place, the article demonstrates how the dynamics of national (local) culture and power structures influence the transfer of regulatory law across jurisdictions
Accountability · Audit · Business · Code of conduct · Convergence (economics · Corporate governance · Corporate group · Economics · Globalization · International trade · Internationalization · Market economy · Political science · Politics · Public relations · Corporate Finance and Governance · Global Financial Regulation and Crises · Law · Political Influence and Corporate Strategies · Accounting · Finance
Institutions and organizations
The Architecture of Markets
Theorizing Change
The Antecedents of Deinstitutionalization
Institutionalization as an Interplay Between Actions, Meanings, and Actors
Enforced Self-Regulation
The iron cage revisited institutional isomorphism and collective rationality in organizational fields
Theory of the firm
Institutions, Institutional Change and Economic Performance
Restructuring “Germany Inc.”
Regulatory Conversations
Regulation of Government
Agency Problems and the Theory of the Firm
Interest Groups in Sweden
Corporate Governance and Globalization
Policy Communities
Commentary
The emerging European corporate governance model
The social construction of reality
The Architecture of Markets
Enforced Self‐Regulation, Prescription, and Conceptions of Compliance within Small Businesses
Contests for Corporate Control
The Iron Cage Revisited
Is Globalization Civilizing, Destructive or Feeble? A Critique of Five Key Debates in the Social Science Literature
World Society and the Nation-State
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,13 |
| Citation span | 2010 - 2014 (5) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |