Ojo, Marianne (2013): Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures. Published in: Planetary Scientific Research Centre (PSRC) Conference Proceedings (March 2014)
Preview |
PDF
MPRA_paper_50948.pdf Download (152kB) | Preview |
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.
Item Type: | MPRA Paper |
---|---|
Original Title: | Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures |
Language: | English |
Keywords: | principal agent theory; stakeholder theory; informational asymmetries; risk; corporate governance; UK; India; Germany; U.S; Japan |
Subjects: | D - Microeconomics > D8 - Information, Knowledge, and Uncertainty D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D82 - Asymmetric and Private Information ; Mechanism Design D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D86 - Economics of Contract: Theory K - Law and Economics > K2 - Regulation and Business Law |
Item ID: | 69293 |
Depositing User: | Dr Marianne Ojo |
Date Deposited: | 08 Feb 2016 15:16 |
Last Modified: | 29 Sep 2019 15:39 |
References: | Altunbas Y, Kara A and van Rixtel A , „Corporate Governance and Corporate Ownership: The Investment Behaviour of Japanese Institutional Investors“ 2007 Documentos Ocasionales No 0703 Banco de Espana Eun CS and Resnick BG, International Financial Management Fifth Edition 2009 Jia J, Adams M and Buckle M, „Insurance and Ownership Structure in India's Corporate Sector“ July 2009 Jensen M and Meckling W „Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure” 1976 Jürgens U and Rupp J, „The German System of Corporate Governance: Characteristics and Changes“, Veröffentlichungsreihe der Abteilung Regulierung von Arbeit des Forschungsschwerpunkts Technik, Arbeit, Umwelt des Wissenschaftszentrum Berlin für Sozialforschung No FS1102-203 May 2002 Kaur P and Gill S „The Effects of Ownership Structure on Corporate Govenance and Performance: An Empirical Assessment in India“ Research Project NFCG 2007-2008 Odenius J, „Germany's Corporate Govenance Reforms: Has the System Become Flexible Enough? IMF 2008 WP/08/179 Roe, E. Wymeersch and S. Prigge (eds.) Comparative Corporate Governance. The State of the Art and Emerging Research, Clarendon Press: Oxford. Sarkar J, Ownership and Corporate Govenance in Indian Firms Sarkar J and Sarker S, „Large Shareholder Activism in Corporate Governance in Developing Countries: Evidence from India“ International Review of Finance (2000) Voume 1 No 3 Srivastava A, „Ownership Structure and Corporate Performance: Evidence from India“ International Journal of Humanities and Social Science Volume 1 No 1 January 2011 Wenger E and Kaserer C(1998): ‘German Banks and Corporate Governance: A Critical View’, in K. Hopt, H. Kanda, M. Roe, E. Wymeersch and S. Prigge (eds.) Comparative Corporate Governance. The State of the Art and Emerging Research, Clarendon Press: Oxford. Zou H and Adams MB „Corporate Ownership, Equity Risk and Returns in the People's Republic of China Journal of International Business Studies Volume 39, No 7, pages 1149-1168 |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/69293 |
Available Versions of this Item
-
Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures. (deposited 25 Oct 2013 05:22)
- Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures. (deposited 08 Feb 2016 15:16) [Currently Displayed]