An embeddedness framing of governance and opportunism: towards a cross-nationally accommodating theory of agency—critique and extension


  • Shaker A. Zahra

    Corresponding author
    1. University Of Minnesota, Minneapolis, U.S.A.
    • University of Minnesota, MN, U.S.A.
    Search for more papers by this author
    • Shaker A. Zahra is Robert E. Buuck Chair and Professor of Strategy and Organization, Center for Entrepreneurial Studies & Department of Strategic Management & Organization, Carlson School of Management [3-428], University of Minnesota, 321 19th Ave. South, Minneapolis MN 55455, Tel: (612) 626-6623, Fax: (612) 626-1316, and


Research on corporate governance has been increased in recent years, reflecting growing concern about the future of global capitalism. Much of this research has been under socialized. Lubatkin and colleagues attempt to address this serious shortcomings of past research. While making an important and informative contribution to research, I believe these authors overlook the questionable assumptions of agency models of governance. Lubatkin and colleagues also key issues resulting from the internationalization of corporate governance. Copyright © 2006 John Wiley & Sons, Ltd.