Interpreting the Ethicality of Corporate Governance Decisions in Russia: Utilizing Integrative Social Contracts Theory to Evaluate the Relevance of Agency Theory Norms
认为代理理论的规范不适合解读俄罗斯公司治理决策的伦理性，因为其源于成熟市场经济国家；整合社会契约理论更能解释俄罗斯传统价值观与市场价值观的冲突，并举例说明对西方管理者的启示。
We argue that the norms underlying agency theory can be inappropriate for interpreting the ethicality of corporate governance decisions and behaviors of Russians because they were developed in countries with mature market-oriented economies. We posit that integrative social contracts theory has more explanatory power, taking into account two sets of often-conflicting values: traditional Russian values and market-oriented values. We describe three examples of ethical conflict in Russian corporate governance arising from these two sets of values and discuss implications for Western managers interacting with Russians in this crucial area of business activity.