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Corporate governance and stakeholder conflict


Corporate governance and stakeholder conflict

Carney, Michael, Gedajlovic, Eric R. and Sur, Sujit (2011) Corporate governance and stakeholder conflict. Journal of Management & Governance, 15 (3). pp. 483-507. ISSN 1572-963X

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Official URL: http://link.springer.com/article/10.1007/s10997-01...


The stakeholder management literature is dominated by the ‘shareholder value’ and ‘inclusive stakeholder’ views of the corporation. Each views the governance problem in terms of inter-functional conflicts between stakeholder groups, such as between investors and managers or managers and employees, and rests on the assumption of an idealized corporate structure characterized by the separation of ownership from management. Our review of corporate governance and stakeholder conflict shows that such functional-based characterization is too simplistic and fails to account for important intra-functional conflict. Through a comparative review that considers managerial, stakeholder and family systems of governance, we demonstrate that, while the modality of conflict varies by system, substantial intra-functional conflict is endemic to each. We integrate the findings of the agency and comparative stakeholder theories of corporate governance to offer an authority-based framework with three different governance structures that offers complementary insights into stakeholder conflicts. Thus, our study highlights the important, but often neglected, intra-stakeholder type of conflict in various organizations and provides a basis for understanding their various manifestations and consequences under the different systems of governance.

Divisions:Concordia University > John Molson School of Business > Management
Item Type:Article
Authors:Carney, Michael and Gedajlovic, Eric R. and Sur, Sujit
Journal or Publication:Journal of Management & Governance
ID Code:976841
Deposited On:03 Feb 2013 20:41
Last Modified:18 Jan 2018 17:43
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