Understanding self‐regulation for political control and policymaking
Effects of governance mechanisms on accountability
Bibliographic Data
| ID | 6263501 |
|---|---|
| Authors | Ulf Papenfuß (0000-0002-1326-7391, Chair of Public Management & Public Policy Zeppelin University, Friedrichshafen), Christian Schmidt (0009-0008-8437-8233, Zeppelin Universität gemeinnützige GmbH), Christian A Schmidt (0000-0001-9647-1736, Chair of Public Management & Public Policy Zeppelin University, Friedrichshafen) |
| Year | 2021 |
| Volume | 34 |
| Issue | 4 |
| Pages | 1115-1141 |
| Publication date | 2021-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Governance (JOURNAL) |
| Journal identifiers | ISSN: 0952-1895 • E-ISSN: 1468-0491 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/gove.12549 |
| OpenAlex | W3094056036 |
| Language | EN |
| Citations received | 7 |
| References cited | 58 |
Self‐regulation has become a crucial governance mechanism for policymaking and political control. Although governments have increasingly implemented self‐regulation, its effects are under‐researched. International policymakers highlight the role of self‐regulation in extending accountability and political control of state‐owned enterprises (SOEs). A key accountability area—attracting widespread public interest—is the level of executive directors' pay. Drawing on agency theory, this study analyzes 2,112 pay disclosures of 700 executive directors employed in 289 German SOEs between 2014 and 2017. The results indicate that both self‐regulation and its quality have significant effects on behavior control. Further, the complementary adoption of self‐regulation and law has the strongest effects on principals' and agents' behavior and awareness. For the debate on board composition, it is important to note that a higher proportion of politicians as directors on SOE boards weakens the effects of self‐regulation. Overall, this study enhances the theoretical understanding of self‐regulation and provides important policy implications
Accountability · Agency (philosophy · Business · Control (management · Corporate governance · Economics · German · Management · Mechanism (biology · Political science · Politics · Principal–agent problem · Public economics · Quality (philosophy · Self-governance · Sociology · Corporate Social Responsibility Reporting · Law · Political Influence and Corporate Strategies · Public Administration · Public Policy and Administration Research · Accounting · Finance
Understanding vertical pay dispersion in the public sector
Personnel governance of corporatized public services
Corporatization of public services
Social Equity in Municipally Owned Corporations
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Shifts in local governments’ corporatization intensity
Valuation of sector‐switching and politicization in the governance of corporatized public services
The Sage Handbook of Corporate Governance
State-owned Enterprises Around the WORLD as Hybrid Organizations
Corporate Governance and Equity Prices
The Effects of Mandatory and Voluntary Regulatory Pressures on Firms’ Environmental Strategies
Analysing and Assessing Accountability
Hierarchical linear models
Does performance-related pay and public service motivation research treat state-owned enterprises like a neglected Cinderella? A systematic literature review and agenda for future research on performance effects
The efficiency and effectiveness of municipally owned corporations
The Synergistic Effect of State Regulation and Self-Regulation on Disclosure Level of Director and Executive Remuneration in Australia
Hybrid coordination of city organisations
Business Experts on Public Sector Boards
Coping with Complex Leadership Roles
Multiple principals, multiple problems
Self‐regulation Within the Regulatory State
Clearing the fog for an overall view on state-owned enterprises
Constitutionalising Self‐Regulation
Uniformity as response to soft law
Testing Pendleton's Premise
What is regulation? An interdisciplinary concept analysis
Corporatization in the Public Sector
Politics in the Boardroom
Governance, accountability and the role of public sector boards
Corporate governance and democratic accountability
Accountability in the Privatized State
The Politics of Patronage in the United Kingdom
Serving many masters
The politics of state compliance with international “soft law” in finance
Understanding Felt Accountability
Political Control for China's State‐Owned Enterprises
Political Control and Managerial Survival in State‐Owned Enterprises
The Incorporated Company as an Instrument of Government
Regulatory Agencies—The Challenges of Balancing Agency Autonomy and Political Control
| Unique citing works | 7 |
|---|---|
| Citations per year | 1,4 |
| Citation span | 2021 - 2024 (4) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 7 |