Business success: Does good governance matter? A theoretical framework Online publication date: Fri, 19-Feb-2010
by Ibrahim Akoum
J. for Global Business Advancement (JGBA), Vol. 2, No. 4, 2009
Abstract: Business does not operate in a vacuum. It is influenced by, in much the same way that it does influence, the intricate web of economic, political and social arrangements in a society. Consequently, business success not only depends on skillful management, good marketing and financial ingenuity, but also on sound governance, which rests on the regulatory, judicial, legal and institutional infrastructure needed to ensure protection of property rights, improve investment and company laws, thereby establishing a conducive business environment. This paper argues that poor governance, evidenced by weak institutional arrangements, deficient legal frameworks and endemic corruption lends itself to poor and inadequate business and economic performance. Thus, it contributes to developing a theoretical framework of the ingredients of sound governance by introducing the concept of 'governance cycle' and the areas where this cycle gets obstructed. The paper concludes that corruption, rent seeking and weak institutional frameworks compromise the governance cycle.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the J. for Global Business Advancement (JGBA):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook