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The Institutional Theory of the Firm: Embedded Autonomy: Routledge Studies in Management, Organizations and Society

Autor Alexander Styhre
en Limba Engleză Paperback – 31 mar 2021
The Institutional Theory of the Firm examines recent and previous organization theory literature to advocate what Evans (1995) refers to as the "embedded autonomy" of the firm, as well as its role in being simultaneously anchored in, for example, corporate legislation and regulatory practices on the national, regional (i.e., within the European Union) and transnational levels, while at the same time being granted the right to operate with significant degrees of freedom within this legal-regulatory model. Seen in this view, the embedded autonomy of the corporation represents a theoretical view of the corporation that complements the market-based image of the corporation in economic theory.


When advocating the institutional theory model, three forms of embedded autonomy are examined. First, the corporation is enacted as a legal entity sui juris—as a freestanding "legal person" in corporate law and within the regulatory framework that serves to enforce legislation in everyday life settings. Second, the corporation is embedded within what social theorists refer to as moral economies, the norms and values that regulate what are the socially acceptable and legitimate means for conducting business. Third and finally, the corporation is embedded in governance, a relatively complex economic concept that denotes legal and regulatory control on the societal and economic system levels, and on the level of the individual corporation. By combining the three forms of embeddedness, sanctioned by law, norms, and governance, the embedded autonomy of the firm is secured on the basis of a variety of social practices and resources.


This book brings together a diverse literature including management studies, economic sociology, legal theory, finance theory, and mainstream economic theory to advance the argument that the corporation is best understood as what is embedded in a social and economic context, yet best serving its defined and stipulated ends by assuming considerable degrees of freedom to operate in isolation from various stakeholders. It will be of relevance for a variety of readers, including graduate students, management scholars, policy-makers, and management consultants interested in organization theory and management studies.
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Specificații

ISBN-13: 9780367785161
ISBN-10: 0367785161
Pagini: 196
Dimensiuni: 152 x 229 x 11 mm
Greutate: 0.27 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Routledge Studies in Management, Organizations and Society

Locul publicării:Oxford, United Kingdom

Public țintă

Postgraduate

Cuprins

Preface




Chapter One


Embedded autonomy: An institutional theory view of the firm




Chapter Two


Corporate legislation: The constitution of the corporate entity




Chapter Three


The moral economy of enterprising: Social norms and their regulatory function




Chapter Four


Corporate Governance and transnational governance: The limits of self-governance




Chapter Five:


Concluding remarks: Re-embedding the corporation




Bibliography


Index

Notă biografică

Alexander Styhre, PhD (Lund University, 1998), is chair of Organization and Management, Department of Business Administration, School of Business, Economics, and Law, University of Gothenburg.

Descriere

This book brings together a diverse literature to advance the argument that the corporation is best understood as what is embedded in a social and economic context, yet best serving its defined and stipulated ends by assuming considerable degrees of freedom to operate in isolation from various stakeholders