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Corporate Governance and New Organizational Forms: Issues of Double and Multiple Agency

  • John Child


  • Suzana Rodrigues


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    This paper addresses corporate governance inthe light of two relatively new developments inorganizational form, respectively towardsdevolved initiative within firms andpartnerships between firms. In so doing, itargues for an extension of corporate governancetheory and practice to take better account ofthe problems arising from double and multipleagency. New organizational forms can bereconciled with the requirements for corporategovernance through a number of complementarydevelopments, including the cooptation ofemployees and junior partners into ownershipand governance, more inclusive forms ofcontrol, mutual monitoring and the promotion oftrust. Copyright Kluwer Academic Publishers 2003

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    Article provided by Springer in its journal Journal of Management and Governance.

    Volume (Year): 7 (2003)
    Issue (Month): 4 (December)
    Pages: 337-360

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    Handle: RePEc:kap:jmgtgv:v:7:y:2003:i:4:p:337-360
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    1. Paul R. Milgrom., 1987. "Employment Contracts, Influence Activities and Efficient Organization Design," Economics Working Papers 8741, University of California at Berkeley.
    2. Keld Laursen & Volker Mahnke, 2001. "Knowledge Strategies, Firm Types, and Complementarity in Human-Resource Practices," Journal of Management and Governance, Springer, vol. 5(1), pages 1-27, March.
    3. Oded Shenkar & Yoram Zeira, 1992. "Role Conflict and Role Ambiguity of Chief Executive Officers in International Joint Ventures," Journal of International Business Studies, Palgrave Macmillan, vol. 23(1), pages 55-75, March.
    4. Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-29, May.
    5. Fama, Eugene F & Jensen, Michael C, 1983. "Agency Problems and Residual Claims," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 327-49, June.
    6. Milgrom, Paul & Roberts, John, 1995. "Complementarities and fit strategy, structure, and organizational change in manufacturing," Journal of Accounting and Economics, Elsevier, vol. 19(2-3), pages 179-208, April.
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