上海交通大学：《外国法专题（比较公司法）》课程教学资料（学生展示）Values and Culture

Topic10 Values and Culture performed by Zhang Han,Zeng Zhe and Yang Desen

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Related Document Comparative and International Corporate Governance RUTH V.AGUILERA University of Illinois at Urbana-Champaign GREGORY JACKSON Freie Universitat Berlin Zhang Han张涵 GROUP 10

GROUP 10 Comparative and International Corporate Governance RUTH V. AGUILERA University of Illinois at Urbana-Champaign GREGORY JACKSON Freie Universität Berlin Zhang Han 张涵 Related Document

Contents Various Studies Fundamental Insights Descriptive Studies *Contributions Limitations *Solutions GROUP 10

GROUP 10 vVarious Studies Fundamental Insights Descriptive Studies vContributions vLimitations vSolutions Contents

Cultural and Sociological Perspectives the interpretative frameworks for actors to understand everyday Fundamental situations Insights G.H.Hofstede (1980,2001):the construction of national averages GROUP 10

GROUP 10 Cultural and Sociological Perspectives Fundamental Insights the interpretative frameworks for actors to understand everyday situations G.H. Hofstede (1980, 2001): the construction of national averages

Cultural and Sociological Perspectives Descriptive Studies Corporate diverse forms of organization embody Organization premodern aspects of respective societies International the role of cultural norms and cognitive Business orientations Country Dispersed country dispersed ownership is significantly Ownership correlated with the Individualism Index Financial robust relationships with the nature of Practices financial systems and financial behavior Accounting with regard to cross-national differences in Practices accounting systems and disclosure practices Legal culture may shape and interact the Perspective boundaries of corporate law GROUP 10

GROUP 10 Cultural and Sociological Perspectives Descriptive Studies Corporate Organization diverse forms of organization embody premodern aspects of respective societies International Business the role of cultural norms and cognitive orientations Country Dispersed Ownership country dispersed ownership is significantly correlated with the Individualism Index Financial Practices robust relationships with the nature of financial systems and financial behavior Accounting Practices with regard to cross-national differences in accounting systems and disclosure practices Legal Perspective culture may shape and interact the boundaries of corporate law

Cultural and Sociological Perspectives Contributions (i)supporting particular kinds of institutions (ii)high cultural distance is sometimes argued to crowd out or impair the implementation of some types of formal organization (iii)a functional substitute in filling "institutional voids"characterized by "the absence of specialist intermediaries,regulatory systems,and contract-enforcing mechanisms" (iv)an important variable in studying the diffusion of governance practices across countries GROUP 10

GROUP 10 vContributions (i) supporting particular kinds of institutions (ii) high cultural distance is sometimes argued to crowd out or impair the implementation of some types of formal organization (iii) a functional substitute in filling “institutional voids” characterized by “the absence of specialist intermediaries, regulatory systems, and contract-enforcing mechanisms” (iv) an important variable in studying the diffusion of governance practices across countries Cultural and Sociological Perspectives

Cultural and Sociological Perspectives Limitations (i)one could hardly interpret the dimensions of culture (ii)culture might exert a causal influence on institutions (iii)invoking culturally ingrained values does not lessen the need for political perspectives on institutions GROUP 10

GROUP 10 vLimitations (i) one could hardly interpret the dimensions of culture (ii) culture might exert a causal influence on institutions (iii) invoking culturally ingrained values does not lessen the need for political perspectives on institutions Cultural and Sociological Perspectives

Cultural and Sociological Perspectives *Solutions take up the theme of cognition and ideas grounding in a more specific framework of organizational ideologies: (i)emphasis on social norms and the importance of organizational legitimacy (ii)consider more deeply the social construction of meanings and diffusion of ideas GROUP 10

GROUP 10 vSolutions take up the theme of cognition and ideas grounding in a more specific framework of organizational ideologies: (i) emphasis on social norms and the importance of organizational legitimacy (ii) consider more deeply the social construction of meanings and diffusion of ideas Cultural and Sociological Perspectives

Hofstede's Cultural Dimension Indices Long-term Power Orientation Distance Hofstede's cultural dimensions Masculinit Individualism Indices Uncertainty Avoidance GROUP 10

Hofstede’s Cultural Dimension Indices GROUP 10 Hofstede’s cultural dimensions Indices

Shareholder and Stakeholder --How do Directors Decide? Zeng Zhe曾哲 GROUP 10

Shareholder and Stakeholder --How do Directors Decide? Zeng Zhe 曾哲 GROUP 10