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Convergence of corporate governance systems: a legal transplant perspective
Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO).ORCID iD: 0000-0003-4961-1569
2020 (English)In: Competition & change, ISSN 1024-5294, E-ISSN 1477-2221, Vol. 24, no 5, p. 450-470Article in journal (Refereed) Published
Abstract [en]

The predominant approaches to comparative corporate governance view legal transfers dichotomously, seeing corporate governance systems as either converging or diverging as a result of legal reform. Drawing on legal studies, this paper proposes an alternative model using the metaphor of the staircase to conceptualize how legal transplants can meet different evaluation criteria before being considered ‘successful’. The model is empirically illustrated by the introduction of the Swedish Corporate Governance Code. It is found that different corporate governance rules when transplanted could be said to meet evaluation criteria more or less strictly. This finding has implications for our empirical and theoretical understanding of how corporate governance systems converge.

Place, publisher, year, edition, pages
Sage Publications, 2020. Vol. 24, no 5, p. 450-470
Keywords [en]
Convergence, Divergence, Legal transplant, Comparative corporate governance, Corporate governance code
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
URN: urn:nbn:se:hj:diva-46341DOI: 10.1177/1024529418800592ISI: 000567024200004Scopus ID: 2-s2.0-85058399452OAI: oai:DiVA.org:hj-46341DiVA, id: diva2:1354666
Available from: 2019-01-10 Created: 2019-09-25 Last updated: 2022-01-14Bibliographically approved

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Larsson Olaison, Ulf

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