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Stubborn Swedes: the Persistence of the Swedish Corporate Governance System under International Reform
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics. Lund University.
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
2016 (English)In: Nordic Journal of Business, ISSN 2342-9003, Vol. 65, no 1, 13-28 p.Article in journal (Refereed) Published
Abstract [en]

Despite a number of corporate governance reforms introduced following an Anglo-American blueprint, the Swedish corporate governance system still contains several country-specific traits. In this article, we try to understand this continuity of the national corporate governance system. We do this by outlining a model for describing the processes of change built on Mary Douglas’ (1986) theory of ‘institutional thinking’ and applying this model to a case of the implementation of regulation on independent directors in Sweden. The results highlight (i) that continuity is ensured through the use of ‘sacred objects’ and (ii) that compromises between the old and the new is made possible by the uses of concepts with ‘positive connotations’. Hereby a form of assimilation to the international blueprint occurs which may – or may not – lead to convergence in the long run.

Place, publisher, year, edition, pages
Association of Business Schools Finland , 2016. Vol. 65, no 1, 13-28 p.
National Category
Economics and Business
Research subject
Economy, Business administration
Identifiers
URN: urn:nbn:se:lnu:diva-51781OAI: oai:DiVA.org:lnu-51781DiVA: diva2:916002
Funder
The Jan Wallander and Tom Hedelius Foundation, P2011-0176:1
Note

This is a much developed version of a chapter published in Larsson-Olaison (2014) Convergence of National Corporate Governance Systems: Localizing and Fitting the Transplants, Linnaeus University Press, Växjö. The authors also acknowledge the helpful comments from Steen Thomsen (the guest editor) and the anonymous reviewers. Financial support from Jan Wallander and Tom Hedelius Research Foundation, grant no: P2011-0176:1, is also acknowledged.

Available from: 2016-03-31 Created: 2016-03-31 Last updated: 2016-07-01Bibliographically approved

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Total: 199 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf