A Corporative Theory of Corporate Law and Governance

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dc.contributor.advisorZumbansen, Peer C.
dc.contributor.authorBevans, Phillip Granville
dc.date.accessioned2020-05-11T12:46:38Z
dc.date.available2020-05-11T12:46:38Z
dc.date.copyright2019-09
dc.date.issued2020-05-11
dc.date.updated2020-05-11T12:46:37Z
dc.degree.disciplineLaw
dc.degree.levelDoctoral
dc.degree.namePhD - Doctor of Philosophy
dc.description.abstractABSTRACT This book investigates how a corporation, as a legal entity with certain specific attributes, but lacking human form, can take action in the real world of human activity. It contends that a corporation must take such action through, and by means of, an organization, both inside and outside its corporate legal limits, consisting of real individual persons and groups of persons. The corporation thus presents itself both as a legal entity assuming the legal form of a corporation and as a social entity taking the form of an organization. One form overlays the other. Those with whom it has legal relations, its legal counterparties, are also, in respect of its organization, participants in that organization. This theory of, or perspective on, the corporation and its governance is explicated here as corporative. The corporation comes into being, is situated, participates, and is embedded, in a complex sociopolitical-economic environment, which includes its legal counterparties and organizational participants. In addition to shareholders, they include employees, customers, suppliers, creditors, local, regional, and national communities, polities and governments, and non-governmental and other organizations, including those whose objectives include the environment, sustainability, governance, and social responsibility. Despite arguments from advocates of shareholder primacy and maximizing shareholder value, neither the corporation nor any of its participants, including shareholders, have any single objective. Instead, such participants have a variety of objectives which may be consistent to varying degrees with those of each other and with those of the corporation. However, the prosperity and well-being of corporations and their organizational participants, and the groups and other organizations of which organizational participants are members, at a macro-level, are, in many ways, interdependent. Today, prompted by various concerns (including the environment, sustainability, technology, changes in employment and other economic engagement patterns, and increasing income disparities), corporations, industry groups and NGOs, like governments, educational institutions, and other organizations, are facing challenges to the continued viability of contemporary capitalism and of its paradigmatic vehicle, the corporation. Addressing these challenges requires that corporations be considered in the context of the complex socio-political-economic environment in which they are situated and of which they partake. Drawing on analysis of corporate statutes and other relevant law, and historical, social, political, economic, organizational, business, and other theory, information and analysis, this work elucidates the corporative theory of, or perspective on, the corporation. It outlines how this might be applied in analyzing the corporation and its governance from a legal perspective. It illustrates how organizational participants may, and do, influence the behaviour of the relevant corporations; and how corporations may, and do, influence the behaviour of organizational participants. This contributes to understanding how such relationships may be employed, not only to save capitalism and the corporation, but to advance common interests in human prosperity, happiness, meaning, and even simple sustenance.
dc.identifier.urihttps://hdl.handle.net/10315/37416
dc.languageen
dc.rightsAuthor owns copyright, except where explicitly noted. Please contact the author directly with licensing requests.
dc.subjectOrganizational behavior
dc.subject.keywordsCorporate law
dc.subject.keywordsCorporate governance
dc.subject.keywordsCorporate legal theory
dc.subject.keywordsLegal theory of the corporation
dc.subject.keywordsCorporation as legal entity and organization
dc.subject.keywordsCorporate law and organizational behaviour
dc.subject.keywordsThe corporation and its organizational behaviour
dc.subject.keywordsThe corporative corporation
dc.subject.keywordsA new model for the corporation
dc.subject.keywordsThe future of the corporation and capitalism
dc.subject.keywordsGovernance and regulation of corporations
dc.subject.keywordsCorporate activities
dc.subject.keywordsCorporate behaviour
dc.subject.keywordsThe corporation and its legal counterparties and organizational participants
dc.subject.keywordsOrganizational analysis of the corporation
dc.subject.keywordsOrganization theory
dc.subject.keywordsExternal to the corporation
dc.subject.keywordsInternal to the corporation
dc.subject.keywordsStakeholder theory and team production theory distinguished
dc.subject.keywordsObjective of the corporation
dc.subject.keywordsCorporate purpose
dc.subject.keywordsLiability of the corporation
dc.subject.keywordsLegal attributes of the corporation
dc.subject.keywordsOrganizational attributes of the corporation
dc.subject.keywordsHistory of the development of the modern business corporation in North America
dc.subject.keywordsThe corporation in action
dc.subject.keywordsLegal history
dc.subject.keywordsModern business corporation
dc.subject.keywordsMultidivisional corporations
dc.subject.keywordsMultinational corporations
dc.subject.keywordsMNCs
dc.subject.keywordsMultinational entities
dc.subject.keywordsMNEs
dc.subject.keywordsMultidivisional forms
dc.subject.keywordsMDFs
dc.subject.keywordsMultilayered subsidiary forms
dc.subject.keywordsMLSFs
dc.subject.keywordsM-form corporations
dc.subject.keywordsMFCs
dc.subject.keywordsStrategic business units
dc.subject.keywordsCorporate social responsibility
dc.subject.keywordsCSR
dc.subject.keywordsEnvironmental
dc.subject.keywordsSustainability and governance
dc.subject.keywordsESG
dc.subject.keywordsCapital
dc.subject.keywordsHuman capital
dc.subject.keywordsOrganizational capital
dc.subject.keywordsSustainability reporting
dc.subject.keywordsIntegrated reporting
dc.subject.keywordsCorporate values
dc.subject.keywordsCorporate culture
dc.subject.keywordsCorporate liability
dc.subject.keywordsLimited liability
dc.subject.keywordsSeparate legal entity
dc.subject.keywordsLocking-in capital
dc.subject.keywordsTransferability
dc.subject.keywordsLife of corporation
dc.subject.keywordsShort-termism
dc.subject.keywordsLong-termism
dc.subject.keywordsCorporate shares as investments
dc.subject.keywordsShare value
dc.subject.keywordsFinancialization
dc.subject.keywordsThe corporation and the economy
dc.subject.keywordsThe corporation and society
dc.subject.keywordsThe corporation
dc.subject.keywordsThe polity and the state
dc.subject.keywordsIntraorganizational behaviour
dc.subject.keywordsExtraorganizational behaviour
dc.subject.keywordsOrganizational processes
dc.subject.keywordsOrganizational personnel
dc.subject.keywordsOrganizational objectives
dc.subject.keywordsHolistic analysis of the corporation.
dc.titleA Corporative Theory of Corporate Law and Governance
dc.typeElectronic Thesis or Dissertation

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