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Abstract:
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Currently, the corporate governance has the agenda of categorizing reality and
thereby determining which systems are more effective and efficient in a given
context. A question is posed; how has the internationalization of markets,
liberalization, deregulation, and privatization adapted to rapid changes in
traditionally based models of corporate governance? When corporate governance
practices are exported from one country to another, they tend to be translated and
customized to local practices before being adopted. The objective of this thesis is
to examine this type of adaptation and explain the circumstances that led to a
collapse of governance mechanisms, using Iceland as an example. |
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