Opportunism in Corporate Management

Opportunism, stewardship, and the dynamics of conflict in a theory of corporate governance

This paper aims at increasing conceptual precision with respect to the role of conflict in a theory of corporate governance. It searches to complement traditional approaches to governance problems, typically conducted according to an exclusively disciplinary perspective, by introducing a cognitive argument. The latter allows for an explanation of conflict in situations where the CEO, far from a...

Between Optimism and Opportunism: Deconstructing ‘African Management’ Discourse in South

Relationship between Corporate Governance and Risk Management

Corporate governance of banks is one of the most important structures required by banks to maintain the health and stability of banks, which can play an important role in managing banks' risk. This paper examines the effect of corporate governance on liquidity risk management, credit risk management, and total bank risk management. We used board structure effectiveness, transparency, and respon...

Discriminatory Opportunism

When can a firm cheat some individuals without damaging its reputation among others? We develop a model of discriminatory opportunism in which firms can treat all employees fairly, take advantage of all employees, or only take advantage of a subpopulation of employees. If employees believe that an act of opportunism against any employee portends opportunism against all employees, concern for re...

Opportunism is not the only reason why firms exist: why an explanatory emphasis on opportunism may mislead management strategy

The object of the present essay is neither to overturn transaction cost economics nor to deny the reality of opportunism. Instead, it is to question the explanatory role of the concept of opportunism in the transaction cost analysis of Oliver Williamson and his followers. Williamson has suggested that potential or actual opportunism emerges as the source of the ‘transaction costs’ involved in m...