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The theory of pluralism in corporate governance: A conceputal framework and empirical test

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Abstract

The concept of pluralism in corporate governance is stated as an emergent theory. Grounded in the concept of enhancing the input of various stakeholders and lessening the control of managers in corporate governance, the theory is the foundation of proposed legal changes in corporate governance and the board of directors. While more pluralistic control has been conceptually linked to improved social performance of the firm, this proposition is not supported in an empirical investigation.

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Authors and Affiliations

  1. Faculty of Commerce and Administration, Concordia University, H3G 1M8, Montreal, Quebec, Canada

    Rick Molz

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  1. Rick Molz
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Rick Molz' main area of research is in strategic response to public policy initiatives. He has had articles published inColumbia Journal of World Business, Management International Review, The Journal of Business Research, Long Range Planning, The Journal of Business Strategy, andThe Journal of Business Ethics, as well as chapters and cases in several edited volumes.

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Molz, R. The theory of pluralism in corporate governance: A conceputal framework and empirical test. J Bus Ethics 14, 789–804 (1995). https://doi.org/10.1007/BF00872346

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