IDEAS home Printed from https://ideas.repec.org/a/eee/scaman/v6y1990i4p251-266.html
   My bibliography  Save this article

Agency problems and ownership forms -- The case of ICA

Author

Listed:
  • Schuster, Walter

Abstract

This paper looks at some models in agency theory which relate a firm's ownership form to agency problems and residual claims. The discussion is based on a close examination of a successful Swedish firm, ICA, whose ownership form is of theoretical interest. The relevance of the theory in this case is demonstrated by identifying specific problems in ICA from the models. Some factors that are not generally emphasized in the models are also discussed, particularly the interaction of operational and financial factors, and dependencies between firms and hybrid forms of residual claims. The overall conclusion here is that there is a possibility for researchers in positive agency theory to go in a new direction. This direction is characterized by a stronger focus on empirical work concerning more complicated, real residual claims.

Suggested Citation

  • Schuster, Walter, 1990. "Agency problems and ownership forms -- The case of ICA," Scandinavian Journal of Management, Elsevier, vol. 6(4), pages 251-266.
    • Handle: RePEc:eee:scaman:v:6:y:1990:i:4:p:251-266
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/095652219090028F
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Beck, Christian, 1996. "Dynamical systems of Langevin type," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 233(1), pages 419-440.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:scaman:v:6:y:1990:i:4:p:251-266. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/872/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.