Efficiency as a new ideology of trust-building corporate governance

This article [written by Maryna Brychko, Andrii Semenog] – published in Business and Economic Horizons, Volume 14(4), 2018.

Title: Efficiency as a new ideology of trust-building corporate governance

Abstract: This paper seeks to examine the mainstream theories of corporate governance in an attempt to suggest that efficient corporate governance has no logical claim to “objectivity” and not always contribute to trust-building. Therefore, efficiency as the corporate governance goal is political and ideological plan of actions based on a set of controversial conceptual and empirical assumptions, which constitute norms and prescriptions. In addition, mechanisms of how these ideologies are supported and reproduced are shown. The paper provides the basis and seeks to persuade policymakers and commentators for new interdisciplinary research into the behavioral and political economy of corporate governance.

Keywords: Corporate governance, good corporate governance, trust-building strategy, efficiency, shareholder value, ideology, objective truth rule

Citation: Brychko, Maryna; Semenog, Andrii (2018).”Efficiency as a new ideology of trust-building corporate governance”, Business and Economic Horizons, Vol.14, Issue4, pp.913-925.
DOI: http://dx.doi.org/10.15208/beh.2018.62