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Cliques and Capitalism

A Modern Networked Theory of the Firm

Palgrave Macmillan

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-xiv
  2. Introduction

    1. Introduction

      • Deborah E. De Lange
      Pages 1-4
  3. Corporate Governance Views and Theories

    1. Front Matter

      Pages 5-5
    2. A Review of Theories for the Modern Firm

      • Deborah E. De Lange
      Pages 33-66
  4. A Modern Networked Theory of the Firm

    1. Front Matter

      Pages 67-67
    2. A Network Governance Model of the Firm

      • Deborah E. De Lange
      Pages 69-76
    3. The Working Firm

      • Deborah E. De Lange
      Pages 77-85
    4. The Legitimizing Firm

      • Deborah E. De Lange
      Pages 87-100
    5. The Stock Market Bureaucracy

      • Deborah E. De Lange
      Pages 101-118
  5. Case Study: The Financial Crisis in America

    1. Front Matter

      Pages 119-120
    2. Power of the Middlemen

      • Deborah E. De Lange
      Pages 121-127
    3. Cliques of Legitimizing Leaders

      • Deborah E. De Lange
      Pages 129-137
    4. Democratization as an Institutionalized Myth

      • Deborah E. De Lange
      Pages 139-144
  6. Solutions: Sustainable Corporate Governance

    1. Front Matter

      Pages 145-145
    2. A Superior Model—Sustainability

      • Deborah E. De Lange
      Pages 147-172
    3. Examples of International Corporate Governance

      • Deborah E. De Lange
      Pages 173-210
    4. Future Scenarios: Redistribution of Power in America

      • Deborah E. De Lange
      Pages 211-216
  7. Conclusions

    1. Front Matter

      Pages 217-217

About this book

De Lange suggests a new contextually linked building block model to develop theories of the firm in the field of strategy and organizations. Using this approach, she proposes two models: one that is a realistic American version and another that is a futuristic sustainable model. Both are new networked models that integrate current theories; a review of international corporate governance supports the sustainable firm that solves problems of the current one. Through a revised theoretical lens, the book answers a provocative question surrounding modern corporate America: Who wields the power? In this investigative look at the institutional mechanisms behind who is truly running the show, Cliques and Capitalism seeks to not only explain why the current corporate system fails to function well, but also offers solutions for improved corporate governance through a new sustainable model.

Reviews

"The financial crisis has brought about a great deal of reflection, about the efficiency of markets, the effectiveness of governments in smoothing economic cycles, and the ability and willingness of profit-oriented actors to police themselves. Cliques and Capitalism contributes to this reflection by thoughtfully critiquing the American model of corporate governance: Did it contribute to the crisis? Has it outlived its usefulness? Is the worst yet to come? de Lange suggests yes, yes, and perhaps yes. Drawing on theory and a variety of practices from around the world, she also proposes a 'sustainable' model of corporate governance that might avert future problems. But can we get from here to there?" - Olav Sorenson, Professor, Yale School of Management

''Too big to fail' became the mantra of the recent financial crises on Wall Street. But de Lange's analysis in this book shows that the problems go much deeper. Using support from a variety of academic theories, and grounding her work in the practical realities of toady's model of the firm, she points out that American capitalism has systemic problems that won't go away easily. She is not afraid to gore some sacred cows, most notably that the democratization of markets is a myth as real power is held by what she calls a 'stock market bureaucracy.' And she is not afraid to offer solutions to this problem by outlining a sustainable model of the firm that is stakeholder and network oriented. This book is a valuable contribution for those that care about an American capitalism that is sustainable for the long term.' - Andrew J. Hoffman, Holcim (US) Professor of Sustainable Enterprise, University of Michigan

"This book represents a masterful weaving together of theory and practice, international management and strategic management, corporate governance, network analysis and sustainability, as well as case studies. Readers - researchers, students, and practitioners - interested in understanding the modern corporation will love this book. The author's international management experience and academic background bring a unique and timely perspective on the strengths and weaknesses of large corporations and how to make them work better for all stakeholders." - Avner Ben-Ner, professor, Center for Human Resources and Labor Studies, Carlson School of Management, University of Minnesota and Affiliated Professor, University of Minnesota Law School

About the author

DEBORAH DE LANGE Assistant Professor of Strategy and Business, Sawyer Business School, Suffolk University, UK.

Bibliographic Information

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access