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Stubborn Swedes : The persistence of the Swedish corporate governance system under international reform

Jonnergård, Karin LU and Larsson-Olaison, Ulf (2016) In Nordic Journal of Business 65(1). p.13-29
Abstract (Swedish)
Despite a number of corporate governance reforms introduced following an Anglo-American blueprint, the Swedish corporate governance system still contains several country-specific traits. In this article, we try to understand this continuity of the national corporate governance system. We do this by outlining a model for describing the processes of change built on Mary Douglas’ (1986) theory of ‘institutional thinking’ and applying this model to a case of the implementation of regulation on independent directors in Sweden. The results
highlight (i) that continuity is ensured through the use of ‘sacred objects’ and (ii) that compromises between the old and the new is made possible by the uses of concepts with ‘positive connotations’.... (More)
Despite a number of corporate governance reforms introduced following an Anglo-American blueprint, the Swedish corporate governance system still contains several country-specific traits. In this article, we try to understand this continuity of the national corporate governance system. We do this by outlining a model for describing the processes of change built on Mary Douglas’ (1986) theory of ‘institutional thinking’ and applying this model to a case of the implementation of regulation on independent directors in Sweden. The results
highlight (i) that continuity is ensured through the use of ‘sacred objects’ and (ii) that compromises between the old and the new is made possible by the uses of concepts with ‘positive connotations’. Hereby a form of assimilation to the international blueprint occurs which may – or may not – lead to convergence in the long run (Less)
Abstract
Despite a number of corporate governance reforms introduced following an Anglo-American blueprint, the Swedish corporate governance system still contains several country-specific traits. In this article, we try to understand this continuity of the national corporate governance system. We do this by outlining a model for describing the processes of change built on Mary Douglas’ (1986) theory of ‘institutional thinking’ and applying this model to a case of the implementation of regulation on independent directors in Sweden. The results highlight (i) that continuity is ensured through the use of ‘sacred objects’ and (ii) that compromises between the old and the new is made possible by the uses of concepts with ‘positive connotations’. Hereby... (More)
Despite a number of corporate governance reforms introduced following an Anglo-American blueprint, the Swedish corporate governance system still contains several country-specific traits. In this article, we try to understand this continuity of the national corporate governance system. We do this by outlining a model for describing the processes of change built on Mary Douglas’ (1986) theory of ‘institutional thinking’ and applying this model to a case of the implementation of regulation on independent directors in Sweden. The results highlight (i) that continuity is ensured through the use of ‘sacred objects’ and (ii) that compromises between the old and the new is made possible by the uses of concepts with ‘positive connotations’. Hereby a form of assimilation to the international blueprint occurs which may – or may not – lead to convergence in the long run. (Less)
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publication status
published
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Nordic Journal of Business
volume
65
issue
1
pages
16 pages
language
English
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yes
id
f47824bb-f853-47d0-aad3-5be040e9d4c7
alternative location
https://www.researchgate.net/profile/Ulf_Larsson-Olaison/publication/299518044_Stubborn_Swedes_The_Persistence_of_the_Swedish_Corporate_Governance_System_under_International_Reform/links/56fd25b608ae8c2a97c10b5c.pdf
date added to LUP
2017-07-06 09:40:31
date last changed
2017-07-07 13:51:22
@article{f47824bb-f853-47d0-aad3-5be040e9d4c7,
  abstract     = {Despite a number of corporate governance reforms introduced following an Anglo-American blueprint, the Swedish corporate governance system still contains several country-specific traits. In this article, we try to understand this continuity of the national corporate governance system. We do this by outlining a model for describing the processes of change built on Mary Douglas’ (1986) theory of ‘institutional thinking’ and applying this model to a case of the implementation of regulation on independent directors in Sweden. The results highlight (i) that continuity is ensured through the use of ‘sacred objects’ and (ii) that compromises between the old and the new is made possible by the uses of concepts with ‘positive connotations’. Hereby a form of assimilation to the international blueprint occurs which may – or may not – lead to convergence in the long run.},
  author       = {Jonnergård, Karin and Larsson-Olaison, Ulf},
  language     = {eng},
  number       = {1},
  pages        = {13--29},
  series       = {Nordic Journal of Business},
  title        = {Stubborn Swedes : The persistence of the Swedish corporate governance system under international reform},
  volume       = {65},
  year         = {2016},
}