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Corporate Governance and Agency Problems

In: Governance and Financial Performance Current Trends and Perspectives

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  • Menexiadis Marios

Abstract

In this chapter, the principal–agent problem is addressed. The agency problem is explained along with real cases used as examples that have been analytically described. The different types of the principal–agent problems are presented and analyzed, along with ways of mitigating the problem.Key takeaways:The agency problem arises when incentives or motivations arise in the one party (agent) that does not act for the best interest of another (principal).Agency problems can be reduced through regulations or by incentivizing an agent to act in accordance with the principal’s best interests.

Suggested Citation

  • Menexiadis Marios, 2023. "Corporate Governance and Agency Problems," World Scientific Book Chapters, in: Emilios Galariotis & Alexandros Garefalakis & Christos Lemonakis & Marios Menexiadis & Constantin Zo (ed.), Governance and Financial Performance Current Trends and Perspectives, chapter 4, pages 85-103, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811260506_0004
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    More about this item

    Keywords

    Corporate Governance System; Agency Theory; Return on Assets; Stock Return; Firm Performance; Responsible Management and ESG;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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