Document Type
Conference Paper
Publication Date
January 2010
RIS ID
34837
Abstract
Implementation of principles of the Codes on Corporate Governance (CCG) is aimed at minimizing agency conflicts and corporate governance problems in the listed firms but we see them emerging over and over again despite the rapid implementation of CCG by listed firms, motivate us to develop this theoretical framework to understand why do the firms accept the voluntary principles and what type of behaviours could be expected among and between the top management personnel.
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Publication Details
Gunathilake, W. & Chandrakumara, P. (2010). Why do corporations accept voluntary codes on corporate governance and why is the acceptance so rapid among the corporations? A theoretical explanation. British Academy of Management (pp. 1-25). Sheffield: University of Sheffield.