TY - JOUR AU - Le, Son AU - Kroll, Mark AU - Walters, Bruce PY - 2011/10/15 Y2 - 2024/03/29 TI - Stages of Corporate Governance In Transition Economies JF - Journal of Business Strategies JA - J Bus Strategies VL - 28 IS - 2 SE - Research Articles DO - 10.54155/jbs.28.2.151-175 UR - https://jbs-ojs-shsu.tdl.org/jbs/article/view/98 SP - 151-175 AB - <p>We develop a model of corporate governance stages in transition economies,<br>including bureaucratic control-based; relational; and rule, market-based corporate<br>governance. We demonstrate how institutions shape stakeholders’ dominant sources<br>of control power and firms’ dominant origins of resources within and across these<br>stages. We then theorize how these driving forces influence the effectiveness of these<br>corporate governance stages, and how the shift from one stage of corporate governance<br>to another comes about. Our paper therefore contributes to the understanding<br>of the development and nature of corporate governance in transition economies.</p> ER -