Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures
AbstractThis 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 50832.
Date of creation: 20 Oct 2013
Date of revision:
principal agent theory; stakeholder theory; informational asymmetries; risk; corporate governance; UK; India; Germany; U.S; Japan;
Other versions of this item:
- Ojo, Marianne, 2013. "Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures," MPRA Paper 50948, University Library of Munich, Germany.
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- K2 - Law and Economics - - Regulation and Business Law
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- Yener Altunbaş & Alper Kara & Adrian van Rixtel, 2007. "Corporate governance and corporate ownership: The investment behaviour of Japanese institutional investors," Banco de Espaï¿½a Occasional Papers 0703, Banco de Espa�a.
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