报告题目：Dance in Chains: How Governance Architects Unravel Competing Institutional Logics
报 告 人：陈醒（Visiting Scholar, The Chinese University of Hong Kong）
主 持 人：汪林（中山大学岭南学院，副教授）
An understudied actor in corporate governance is governance architect that bridges various governance participants to deal with competing institutional logics. We ask how and when governance architect manages competing institutional logics effectively to improve a firm’s corporate governance in order to advance the micro-foundation of corporate governance and institutional theory. Building on the literature of competing institutional logics, we develop a typology of governance architects’ roles and propose that governance architects function more effectively when they play the role of hybridizer, or the role of challenger supported by powerful insiders. With a sample of Chinese listed firms from 2001 and 2007, we find that board secretaries as governance architects are more likely to improve board independence when they have more experiences with market logic. Such effect is stronger when the board secretary has experience with state logic or has appointer-appointee tie with the current board chairman.
Xing Chen has obtained a Ph.D. degree at Chinese University of Hong Kong, specializing in strategic management and international business. After graduation, she worked at Bocconi University and now visit Chinese University of Hong Kong. Her research interests lie in corporate governance, international business, and strategy in emerging economies.