The Past as Prologue: Purpose Dynamics in the History of the Aktiengesellschaft

Stephan Leixnering, Renate Meyer, Peter Doralt

Publikation: Bidrag til bog/antologi/rapportBidrag til bog/antologiForskningpeer review

Abstrakt

Institutions are collective responses to collective concerns, with the underlying link between concern and response being the purpose of the institution. With this conceptual lens, we analyze the history of the Aktiengesellschaft (AG), which emerged in Austria and Germany around 1800. While any analysis of the organizational features of the form would have diagnosed marked stability over the past two centuries, our historical study reveals significant shifts of the AG’s purpose and meaning: from a vehicle in the service of the public interest, shareholders, and employees to a persona with legitimate self-interests and the will to survive. We suggest to regard such purpose drifts as distinct variant of institutional change. In addition, we conclude that the AG’s essentially political actorhood institutionalizes the ever fragile and delicate quest for a balance between the different legitimate interests on whose behalf a corporation acts (including those of the self). Such a view, we argue, can offer a future for the corporation as organizational form.
OriginalsprogEngelsk
TitelThe Corporation : Rethinking the Iconic Form of Business Organization
RedaktørerRenate E. Meyer, Stephan Leixnering, Jeroen Veldman
Antal sider24
UdgivelsesstedBingley
ForlagEmerald Group Publishing
Publikationsdato2022
Sider97-120
ISBN (Trykt)9781800433779
ISBN (Elektronisk)9781800433762, 9781800433786
DOI
StatusUdgivet - 2022
NavnResearch in the Sociology of Organizations
Vol/bind78
ISSN0733-558X

Emneord

  • Corporate form
  • Corporate actor
  • Purpose drift
  • Institutional change
  • Future of the corporation
  • Aktiengesellschaft

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