Symbolic Management : Governance, Strategy, and Institutions PDF
by James Westphal, Sun Hyun Park
Description
The theory of symbolic management reveals a pervasive pattern of 'symbolic decoupling' - a separation between appearances and reality - at every level of the governance system.
At each level the processes of governance are less efficient or effective than they appear; from interpersonal relations within organizations such as those between CEOs and directors, top managers and lower-level employees, to relations between firm leaders and external stakeholders such asjournalists and security analysts.
There is even a separation between appearances and reality at the level of the governance system itself. In this book, James Westphal and Sun Hyun Park develop symbolic management into a major theoretical perspective on governance.
Not only does symbolic management provide a compelling behavioral alternative to economic perspectives such as agency theory, but it subsumes economic theory.
Agency theory is reconceived as a historically contingent institutional logic that became taken for granted among corporate stakeholders for a period of time and eventually replaced by a new logic of governance. Through a body of extensive empirical research Westphal and Park demonstrate how the symbolic management activities of firm leaders have contributed to this historical shift in prevailing logics of governance, and present a warning to regulators, investors, and the general public.
Information
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Download - Immediately Available
- Format:PDF
- Pages:240 pages
- Publisher:OUP Oxford
- Publication Date:01/04/2020
- Category:
- ISBN:9780192509918
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Information
-
Download - Immediately Available
- Format:PDF
- Pages:240 pages
- Publisher:OUP Oxford
- Publication Date:01/04/2020
- Category:
- ISBN:9780192509918
