A Literature Review of Social Behavior of Corporate Executives from the Perspectives of Socially Situated/Constituted Agencies

Zhou Jian, Yu Yaodong, Luo Xiaoyi

Foreign Economics & Management Vol. 38, Issue 04, pp. 3 - 18 (2016)  DOI:10.16538/j.cnki.fem.2016.04.001

Abstract

Corporate executive behavior and resulting agency problems have always been the topics of corporate governance research.Owing to low-degree socialization,traditional agency theory results in a lack of attention to social behavior of corporate executives in corporate governance research from an economic perspective.And through the analysis of corporate governance issues based on social interaction and construction,sociological school in corporate governance research derives social behavior research of corporate executives from the perspectives of socially situated/constituted agencies,and then advances the transformation of corporate governance research from economic perspective to social perspective.Based on the viewpoints of socially situated and constituted agencies,this paper elaborates the research status on the behavior of corporate executives engaged by the sociological school of corporate governance research,then points out the shortcomings and future research prospects of related research topics,and particularly places emphasis on the possibility of theory innovation approached by localization and boundary-expanding.It provides some valuable inspirations and references for behavioral corporate governance research from the perspective of organizational social psychology.

Keywords

social behavior of executives; socially situated agency; socially constituted agency; behavioral corporate governance