Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures
Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures
Author(s): Marianne OjoSubject(s): Economy
Published by: Prague Development Center
Keywords: Principal agent theory; stakeholder theory; informational asymmetries; risk; corporate governance; UK; India; Germany;U.S.; Japan;
Summary/Abstract: This paper not only considers why many concentrated ownership structured systems and jurisdictions are considering a shift to the Anglo American style of corporate governance, but also explores why the traditional principal agency theory may no longer hold in many concentrated ownership structures.
Journal: Business and Economic Horizons
- Issue Year: 9/2013
- Issue No: 3
- Page Range: 87-98
- Page Count: 12
- Language: English