Stubborn Swedes: the Persistence of the Swedish Corporate Governance System under International Reform

Jonnergård, KarinLinnaeus University,Lunds universitet,Linnéuniversitetet,Institutionen för ekonomistyrning och logistik (ELO),Lund University,Företagsekonomiska institutionen,Ekonomihögskolan,Department of Business Administration,Lund University School of Economics and Management, LUSEM,Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO) (author)

Stubborn Swedes : the Persistence of the Swedish Corporate Governance System under International Reform

This is a much developed version of a chapter published in Larsson-Olaison (2014) Convergence of National Corporate Governance Systems: Localizing and Fitting the Transplants, Linnaeus University Press, Växjö. The authors also acknowledge the helpful comments from Steen Thomsen (the guest editor) and the anonymous reviewers. Financial support from Jan Wallander and Tom Hedelius Research Foundation, grant no: P2011-0176:1, is also acknowledged.
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.

Larsson Olaison, Ulf,1978-Linnaeus University,Linnéuniversitetet,Institutionen för ekonomistyrning och logistik (ELO),Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO)(Swepub:hj)olaulf (author)
LinnéuniversitetetInstitutionen för ekonomistyrning och logistik (ELO) (creator_code:org_t)

In:Nordic Journal of Business: Association of Business Schools Finland65:1, s. 13-282342-90032342-9011

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SOCIAL SCIENCES: SOCIAL SCIENCES; and Economics and Bu ...; and Business Adminis ...

By the university: Linnaeus University; Lund University; Jönköping University

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