The Review on the ‘Politics of the Corporate Governance’:

Approaches of the ‘Three I’s

Abstract

In recent years, among the governance theory, especially the corporate governance has attracted social attention. In the field of the business administration, economics and law, a number of literature on the corporate governance have been written. However, it has not been much attention in the political science. The object of this article is to review several recent political studies on the corporate governance, here termed the ‘politics of the corporate governance’.
  This article summarizes the previous researches, stressing the distinctiveness of the ‘three I’s approaches in the political analysis of the corporate governance: institution, interest and idea-based approaches. The institution-based approaches reveal correlation between the political institutions and diversity of the corporate governance. The interest-based approaches focus on the role of political parties, political coalitions of some interest groups and corporate actors to the political process of the corporate governance. The idea-based approaches reveal role of the ideas, discourses and framing which effect on the corporate governance system changes.
  Although the previous studies has contributed to the ‘politics of the corporate governance’, there still remain questions. We need to address the challenges.