Munich Personal RePEc Archive

Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures

Ojo, Marianne (2013): Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures.

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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 model may no longer apply in many concentrated ownership structures.

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