Sociology of corporate governance and the emerging disintermediation

被引:0
作者
Bolton, Joel [1 ]
Yoder, Michele E. [2 ]
Gong, Ke [1 ]
机构
[1] Univ Southern Mississippi, Sch Management, Hattiesburg, MS 39406 USA
[2] York Coll Penn, Dept Management Mkt & Entrepreneurship, York, PA USA
关键词
Corporate governance; Agency theory; Disintermediation; Resource dependence theory; ENERGY; UNCERTAINTY; OWNERSHIP; ADVANTAGE; ECONOMICS; LABOR; CARE;
D O I
10.1108/SBR-01-2023-0028
中图分类号
F [经济];
学科分类号
02 ;
摘要
Purpose - This study aims to observe and discuss an emerging disintermediation in transportation, finance and health care, and explain how these three key areas depend on intermediary institutions that are the fruit of modern corporate governance conditions that find their roots in classical sociological theory.Design/methodology/approach - The authors review and incorporate a diversity of research literature to explain the likelihood for the development and continuation of disintermediation.Findings - The authors map two sociological perspectives (Emile Durkheim's theory of interdependence and Herbert Spencer's theory of contracts) to two modern corporate governance theories (resource dependence theory and agency theory). The authors then discuss the challenging social situation resulting from modern corporate governance and show how these conditions create the potential for a continuum of disintermediation across the specific and crucial economic sectors of transportation, finance and health care.Originality/value - The implications of this theoretical integration can help organizational leaders navigate complex social and strategic issues and prepare for the consequences that may result from the emerging disintermediation.
引用
收藏
页码:249 / 265
页数:17
相关论文
共 50 条
[41]   Development of Corporate Governance Regulations: The Case of an Emerging Economy [J].
Siddiqui, Javed .
JOURNAL OF BUSINESS ETHICS, 2010, 91 (02) :253-274
[42]   Corporate governance, investor protection, and performance in emerging markets [J].
Klapper, LF ;
Love, I .
JOURNAL OF CORPORATE FINANCE, 2004, 10 (05) :703-728
[43]   Corporate Governance in Emerging Economies: Evidence From Romania [J].
Feleaga, Niculae ;
Feleaga, Liliana ;
Dragomir, Voicu Dan ;
Bigioi, Adrian Doru .
PROCEEDINGS OF THE 7TH EUROPEAN CONFERENCE ON MANAGEMENT LEADERSHIP AND GOVERNANCE, 2011, :151-158
[44]   Corporate governance and financial performance in the emerging economy: The case of Ethiopian insurance companies [J].
Abebe Zelalem, Bayelign ;
Ali Abebe, Ayalew ;
Wodajo Bezabih, Sitotaw .
COGENT ECONOMICS & FINANCE, 2022, 10 (01)
[45]   Does diversification add firm value in emerging economies? Effect of corporate governance [J].
Lien, Yung-Chih ;
Li, Shaomin .
JOURNAL OF BUSINESS RESEARCH, 2013, 66 (12) :2425-2430
[46]   Corporate Governance, Firm Performance and Financial Leverage across Developed and Emerging Economies [J].
Kijkasiwat, Ploypailin ;
Hussain, Anwar ;
Mumtaz, Amna .
RISKS, 2022, 10 (10)
[47]   A literature review on corporate governance and ESG research: Emerging trends and future directions☆ [J].
Buchetti, Bruno ;
Arduino, Francesca Romana ;
Perdichizzi, Salvatore .
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2025, 97
[48]   Corporate governance reforms and risk disclosure quality: evidence from an emerging economy [J].
Gull, Ammar Ali ;
Abid, Ammar ;
Hussainey, Khaled ;
Ahsan, Tanveer ;
Haque, Abdul .
JOURNAL OF ACCOUNTING IN EMERGING ECONOMIES, 2023, 13 (02) :331-354
[49]   Corporate governance, competition and earnings management: evidence from Asian emerging economies [J].
Shira, Ruba Khalid .
JOURNAL OF FINANCIAL REPORTING AND ACCOUNTING, 2025, 23 (01) :218-234
[50]   Which Corporate Governance Mechanisms Drive CSR Disclosure Practices in Emerging Countries? [J].
del Mar Miras-Rodriguez, Maria ;
Martinez-Martinez, Domingo ;
Escobar-Perez, Bernabe .
SUSTAINABILITY, 2019, 11 (01)