Edited by Till Talaulicar, Professor of Organization and Management, University of Erfurt, Germany

‘Till Talaulicar has put together an important volume for the study of corporate governance in the modern age. As a variety of stakeholder interests become increasingly recognized in business, scholars and corporate leaders need insight on how to manage competing claims and minimize trade-offs, while also prioritizing ethics and positive values. This book provides that insight, collecting new ideas from established and rising leaders in the field. This Research Handbook is a must have for any serious scholar of corporate governance.’

• Contents: 1 Setting the scene to study the interrelationships between corporate governance and ethics: an introduction to the Research Handbook 1Till TalaulicarPART I THE STAKEHOLDER TURN OF CORPORATE GOVERNANCE AND SUSTAINABLE VALUE CREATION2 Stakeholder governance: on overcoming the problems in the traditional narrative of capitalism 25Flore Bridoux and J.W. Stoelhorst3 Sustainability ethics and team production: implications for value-creating boards in SMEs 48Jonas Gabrielsson and Morten Huse4 Building back better – a new paradigm for corporate governance 68Eleanor O’Higgins5 How board structure affects social performance and stakeholder management: an example from classified boards 86Jill A. Brown, Anne Anderson and Sami GhaddarPART II CORPORATE SOCIAL RESPONSIBILITY, SUSTAINABILITY AND CORPORATE GOVERNANCE6 Corporate governance and corporate social responsibility: revisiting their inter-relationship 113Tanusree Jain, Adrián Zicari and Ruth V. Aguilera7 Growing integration between sustainability and corporate governance: the role of government regulation 130Jette Steen Knudsen8 Women directors and sustainability: a contribution of networking activities 144Patricia Gabaldón, Daniela Gimenez-Jimenez and Giovanna Campopiano9 Should we integrate corporate social responsibility with corporate governance? An empirical investigation of good governance codes’ recommendations 157Alessandro Zattoni and Francesca CuomoPART III VALUES, NORMS AND INSTITUTIONS10 Informal institutions and corporate governance 176Emmanouil Dedoulis and Stergios Leventis11 The role of values in corporate governance 192Marne Arthaud-Day12 Values conflicts and the board of directors 210Cynthia E. Clark13 Risk perceptions of corporate directors: isomorphic influences and ethical implications 224LouAnn Conner, Ralf Barkemeyer and Fanny SalignacPART IV MANAGERIAL DISCRETION AND MANAGERIAL OBLIGATIONS14 Managerial discretion: a review and future directions 244Roman Kurdyukov, Shawn L. Berman, Michael E. Johnson-Cramer, Heather Elms and Robert A. Phillips15 Moral obligations to third parties required by fiduciary duties to principals: a reflection through shareholder primacy 263Santiago MejiaPART V PHILOSOPHICAL REFLECTIONS AND UNDERPINNINGS OF CORPORATE GOVERNANCE16 A Smithian theory of governance – Adam Smith on corporations and governance 278Michael S. Aßländer17 How does MacIntyre extend Aristotle’s account of phronesis and what does this imply for corporate governance? 293Alejo José G. Sison and Dulce M. Redín18 A pragmatist case for thoughtfulness and experimentation in corporate governance 310Donald Nordberg19 The moral legitimacy of profit orientation 328Ingo Pies and Stefan HielscherPART VI GRAND SOCIETAL CHALLENGES AND CORPORATE GOVERNANCE20 Corporate governance and inequality 349Saneesh Edacherian and Hari Bapuji21 Corporate governance, executive pay, and the ethical and institutional abandonment of the working class 365Thomas Clarke22 Corporate governance and grand societal challenges: organization-centric and problem-centric perspectives 383Madalina Pop, Sven Kunisch and Annabeth AagaardIndex 421

Edited by Till Talaulicar, Professor of Organization and Management, University of Erfurt, Germany

‘Till Talaulicar has put together an important volume for the study of corporate governance in the modern age. As a variety of stakeholder interests become increasingly recognized in business, scholars and corporate leaders need insight on how to manage competing claims and minimize trade-offs, while also prioritizing ethics and positive values. This book provides that insight, collecting new ideas from established and rising leaders in the field. This Research Handbook is a must have for any serious scholar of corporate governance.’

• Contents: 1 Setting the scene to study the interrelationships between corporate governance and ethics: an introduction to the Research Handbook 1Till TalaulicarPART I THE STAKEHOLDER TURN OF CORPORATE GOVERNANCE AND SUSTAINABLE VALUE CREATION2 Stakeholder governance: on overcoming the problems in the traditional narrative of capitalism 25Flore Bridoux and J.W. Stoelhorst3 Sustainability ethics and team production: implications for value-creating boards in SMEs 48Jonas Gabrielsson and Morten Huse4 Building back better – a new paradigm for corporate governance 68Eleanor O’Higgins5 How board structure affects social performance and stakeholder management: an example from classified boards 86Jill A. Brown, Anne Anderson and Sami GhaddarPART II CORPORATE SOCIAL RESPONSIBILITY, SUSTAINABILITY AND CORPORATE GOVERNANCE6 Corporate governance and corporate social responsibility: revisiting their inter-relationship 113Tanusree Jain, Adrián Zicari and Ruth V. Aguilera7 Growing integration between sustainability and corporate governance: the role of government regulation 130Jette Steen Knudsen8 Women directors and sustainability: a contribution of networking activities 144Patricia Gabaldón, Daniela Gimenez-Jimenez and Giovanna Campopiano9 Should we integrate corporate social responsibility with corporate governance? An empirical investigation of good governance codes’ recommendations 157Alessandro Zattoni and Francesca CuomoPART III VALUES, NORMS AND INSTITUTIONS10 Informal institutions and corporate governance 176Emmanouil Dedoulis and Stergios Leventis11 The role of values in corporate governance 192Marne Arthaud-Day12 Values conflicts and the board of directors 210Cynthia E. Clark13 Risk perceptions of corporate directors: isomorphic influences and ethical implications 224LouAnn Conner, Ralf Barkemeyer and Fanny SalignacPART IV MANAGERIAL DISCRETION AND MANAGERIAL OBLIGATIONS14 Managerial discretion: a review and future directions 244Roman Kurdyukov, Shawn L. Berman, Michael E. Johnson-Cramer, Heather Elms and Robert A. Phillips15 Moral obligations to third parties required by fiduciary duties to principals: a reflection through shareholder primacy 263Santiago MejiaPART V PHILOSOPHICAL REFLECTIONS AND UNDERPINNINGS OF CORPORATE GOVERNANCE16 A Smithian theory of governance – Adam Smith on corporations and governance 278Michael S. Aßländer17 How does MacIntyre extend Aristotle’s account of phronesis and what does this imply for corporate governance? 293Alejo José G. Sison and Dulce M. Redín18 A pragmatist case for thoughtfulness and experimentation in corporate governance 310Donald Nordberg19 The moral legitimacy of profit orientation 328Ingo Pies and Stefan HielscherPART VI GRAND SOCIETAL CHALLENGES AND CORPORATE GOVERNANCE20 Corporate governance and inequality 349Saneesh Edacherian and Hari Bapuji21 Corporate governance, executive pay, and the ethical and institutional abandonment of the working class 365Thomas Clarke22 Corporate governance and grand societal challenges: organization-centric and problem-centric perspectives 383Madalina Pop, Sven Kunisch and Annabeth AagaardIndex 421

Edited by Till Talaulicar, Professor of Organization and Management, University of Erfurt, Germany

‘Till Talaulicar has put together an important volume for the study of corporate governance in the modern age. As a variety of stakeholder interests become increasingly recognized in business, scholars and corporate leaders need insight on how to manage competing claims and minimize trade-offs, while also prioritizing ethics and positive values. This book provides that insight, collecting new ideas from established and rising leaders in the field. This Research Handbook is a must have for any serious scholar of corporate governance.’

• Contents: 1 Setting the scene to study the interrelationships between corporate governance and ethics: an introduction to the Research Handbook 1Till TalaulicarPART I THE STAKEHOLDER TURN OF CORPORATE GOVERNANCE AND SUSTAINABLE VALUE CREATION2 Stakeholder governance: on overcoming the problems in the traditional narrative of capitalism 25Flore Bridoux and J.W. Stoelhorst3 Sustainability ethics and team production: implications for value-creating boards in SMEs 48Jonas Gabrielsson and Morten Huse4 Building back better – a new paradigm for corporate governance 68Eleanor O’Higgins5 How board structure affects social performance and stakeholder management: an example from classified boards 86Jill A. Brown, Anne Anderson and Sami GhaddarPART II CORPORATE SOCIAL RESPONSIBILITY, SUSTAINABILITY AND CORPORATE GOVERNANCE6 Corporate governance and corporate social responsibility: revisiting their inter-relationship 113Tanusree Jain, Adrián Zicari and Ruth V. Aguilera7 Growing integration between sustainability and corporate governance: the role of government regulation 130Jette Steen Knudsen8 Women directors and sustainability: a contribution of networking activities 144Patricia Gabaldón, Daniela Gimenez-Jimenez and Giovanna Campopiano9 Should we integrate corporate social responsibility with corporate governance? An empirical investigation of good governance codes’ recommendations 157Alessandro Zattoni and Francesca CuomoPART III VALUES, NORMS AND INSTITUTIONS10 Informal institutions and corporate governance 176Emmanouil Dedoulis and Stergios Leventis11 The role of values in corporate governance 192Marne Arthaud-Day12 Values conflicts and the board of directors 210Cynthia E. Clark13 Risk perceptions of corporate directors: isomorphic influences and ethical implications 224LouAnn Conner, Ralf Barkemeyer and Fanny SalignacPART IV MANAGERIAL DISCRETION AND MANAGERIAL OBLIGATIONS14 Managerial discretion: a review and future directions 244Roman Kurdyukov, Shawn L. Berman, Michael E. Johnson-Cramer, Heather Elms and Robert A. Phillips15 Moral obligations to third parties required by fiduciary duties to principals: a reflection through shareholder primacy 263Santiago MejiaPART V PHILOSOPHICAL REFLECTIONS AND UNDERPINNINGS OF CORPORATE GOVERNANCE16 A Smithian theory of governance – Adam Smith on corporations and governance 278Michael S. Aßländer17 How does MacIntyre extend Aristotle’s account of phronesis and what does this imply for corporate governance? 293Alejo José G. Sison and Dulce M. Redín18 A pragmatist case for thoughtfulness and experimentation in corporate governance 310Donald Nordberg19 The moral legitimacy of profit orientation 328Ingo Pies and Stefan HielscherPART VI GRAND SOCIETAL CHALLENGES AND CORPORATE GOVERNANCE20 Corporate governance and inequality 349Saneesh Edacherian and Hari Bapuji21 Corporate governance, executive pay, and the ethical and institutional abandonment of the working class 365Thomas Clarke22 Corporate governance and grand societal challenges: organization-centric and problem-centric perspectives 383Madalina Pop, Sven Kunisch and Annabeth AagaardIndex 421