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Corporate Conflicts of Interest

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  • Joel S. Demski

Abstract

This paper surveys conflicts of interest in the corporate governance arena, with emphasis on auditors, boards of directors, analysts and investment bankers, regulators, management, attorneys and investors. Enron provides a host of examples as well. I stress the multifaceted nature of these conflicts, and the fact most research looks at some conflicts, such as auditor independence, absent the larger setting and potential interactions among various players. I further speculate herding behavior is an important explanatory device in understanding periodic failures.

Suggested Citation

  • Joel S. Demski, 2003. "Corporate Conflicts of Interest," Journal of Economic Perspectives, American Economic Association, vol. 17(2), pages 51-72, Spring.
    • Handle: RePEc:aea:jecper:v:17:y:2003:i:2:p:51-72
    Note: DOI: 10.1257/089533003765888421
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    1. James K. Self, 2006. "Asymmetric Stationarity in National Stock Market Indices: An MTAR Analysis," The Journal of Business, University of Chicago Press, vol. 79(6), pages 3153-3174, November.
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    6. Tasawar Nawaz, 2019. "Exploring the Nexus Between Human Capital, Corporate Governance and Performance: Evidence from Islamic Banks," Journal of Business Ethics, Springer, vol. 157(2), pages 567-587, June.
    7. Francesco Giuli & Marco Manzo, 2005. "Protecting Savings: Do We Need a Supervision Authority?," Working Papers in Public Economics 84, University of Rome La Sapienza, Department of Economics and Law.
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    17. Lucas C. Coffman & Alexander Gotthard-Real, 2019. "Moral Perceptions of Advised Actions," Management Science, INFORMS, vol. 65(8), pages 3904-3927, August.
    18. Rodolfo Apreda, 2012. "A clinical approach to the governance of conflict-systems," CEMA Working Papers: Serie Documentos de Trabajo. 491, Universidad del CEMA.
    19. Demirović Lejla & Isaković-Kaplan Ševala & Proho Mahir, 2021. "Internal Audit Risk Assessment in the Function of Fraud Detection," Journal of Forensic Accounting Profession, Sciendo, vol. 1(1), pages 35-49, June.
    20. Francesco Giuli & Marco Manzo, 2009. "Enhancing Bank Transparency: What Role for the Supervision Authority?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(4), pages 1-58, December.
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