Skip to content
Register Sign in Wishlist

Entrepreneurs and Democracy
A Political Theory of Corporate Governance

Part of Business, Value Creation, and Society

  • Date Published: January 2011
  • availability: Available
  • format: Paperback
  • isbn: 9780521169608


Add to wishlist

Other available formats:
Hardback, eBook

Looking for an inspection copy?

This title is not currently available for inspection. However, if you are interested in the title for your course we can consider offering an inspection copy. To register your interest please contact providing details of the course you are teaching.

Product filter button
About the Authors
  • What legitimizes power within a corporation? This question is of concern to the millions of citizens whose lives depend upon the fate of business corporations. The rules, institutions and practices of corporate governance define the limits of the power to direct, and determine under what conditions this power is acceptable. Effective corporate governance has long been defined in terms of economic performance. More recent studies have focused on philosophical, political and historical analyses. Entrepreneurs and Democracy unites these strands of inquiry - the legitimacy of power, the evolution of multiple forms of governance and the economics of performance - and proposes a framework for future study. It explores the opposing tensions of entrepreneurial force and social fragmentation that form the basis of legitimate corporate governance in modern societies. In doing so, it identifies a common logic that links both the democratization of corporate governance and the growth of economic performance.

    • Offers an integrated framework for the study of the evolution of corporate governance
    • Includes data from France, Germany, UK and the USA
    • Provides analysis of theoretical and practical developments
    Read more

    Reviews & endorsements

    Review of the hardback: 'This is a most timely analysis of the conceptual basis for corporate governance. Focusing on the historical development of shareholder primacy, the book provides a superb platform for understanding the coming era of Sovereign Wealth and it is just in time. Informed citizens will need the learning in this book in order to understand how political states will fit into the economic world on a base beneficial to both. The ideal of democratization of economic values, following de Tocqueville, is a perilous voyage for which this book is a fine route map. Everyone can benefit from understanding the underlying precepts of tomorrow's dialogue.' Robert A. G. Monks, Founder of ISS, the Corporate Library; the LENS Fund and Governance for Owners

    Review of the hardback: 'Thanks to financial globalization, corporate governance has become a central topic on the minds of scholars in a variety of academic disciplines. Historians and legal scholars focus on the evolution of corporate governance institutions across diverse national contexts; political philosophers are oriented to questions of the legitimacy of corporate power; and economists analyse the economic performance consequences of different forms of corporate governance. Yet cross-disciplinary discussion is lamentably rare. In Entrepreneurs and Democracy, Gomez and Korine provide a unifying framework to enable interdisciplinary discussion rooted in a classic liberal model of political governance.' Jerry Davis, Stephen M. Ross School of Business, University of Michigan

    Review of the hardback: 'If one benchmark for management and organization theory should be that it is relevant to practice and realistic in its assessment of it, then corporate governance must be judged a failure. On its watch the inability to pick empirical trends were legion, with Enron only being the most notable. Restricted theories, such as principal-agency theory, together with an excessive focus on performance and a merely ceremonial attention to legitimacy, together with the institutional specificities of comparative cases, entailed that economistic theory prevailed and the essential politics of governance and the processes of governmentality were under-specified. No more! Gomez and Korine have written a book that should rescue corporate governance from its ideologies and failures, restoring concern with governance where it belongs – as centrally located in classical political questions, by reconnecting issues of the political legitimacy of power in the corporation, the historical evolution of corporate governance forms, with questions of economic performance.' Stewart Clegg, University of Technology, Sydney

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: January 2011
    • format: Paperback
    • isbn: 9780521169608
    • length: 350 pages
    • dimensions: 229 x 152 x 20 mm
    • weight: 0.51kg
    • availability: Available
  • Table of Contents

    List of figures and tables
    Part I. Establishing the Ideological Foundations: The Contribution of Liberal Political Philosophy:
    1. The invisible crown: political foundations of the legitimate entrepreneur
    2. Society fragmented and the role of democracy
    Part II. Understanding How Corporate Governance Evolves: The Contribution of History:
    3. Familial governance (c.1800–1920): economic enfranchisement and the founder as entrepreneur
    4. Managerial governance (c.1920–70): separation of powers and management as the entrepreneur
    5. Post managerial governance (from c.1970): ownership of the large corporation reaches unprecedented mass and fragments into multiple poles
    6. Interpreting public governance: representation and debate signify a new step towards democratization
    Part III. Corporate Governance and Performance:
    7. The pure economic model of corporate governance: an analysis
    8. Critique of the pure economic model of corporate governance
    9. Economic performance, corporate governance, and the fragmentation of ownership

  • Authors

    Pierre-Yves Gomez, EM Lyon

    Harry Korine, London Business School

Related Books

also by this author

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×
warning icon

Turn stock notifications on?

You must be signed in to your Cambridge account to turn product stock notifications on or off.

Sign in Create a Cambridge account arrow icon

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.