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Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures

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  • Marianne Ojo Author-Workplace-Name: Faculty of Commerce and Administration, North-West University, South Africa

Abstract

This 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 may no longer hold in many concentrated ownership structures.

Suggested Citation

  • Marianne Ojo Author-Workplace-Name: Faculty of Commerce and Administration, North-West University, South Africa, 2013. "Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures," Business and Economic Horizons (BEH), Prague Development Center, vol. 9(3), pages 87-98, October.
    • Handle: RePEc:pdc:jrnbeh:v:9:y:2013:i:3:p:87-98
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    Cited by:

    1. Giordino, Daniele & Jabeen, Fauzia & Nirino, Niccolò & Bresciani, Stefano, 2024. "Institutional investors ownership concentration and its effect on disclosure and transparency of United Nations sustainable development goals," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    2. Isabel‐María García‐Sánchez & Lázaro Rodríguez‐Ariza & Beatriz Aibar‐Guzmán & Cristina Aibar‐Guzmán, 2020. "Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 2019-2036, July.
    3. Daniele Giordino & Andrea Sestino & David Zàmek & Dorra Yahiaoui, 2026. "The impact of institutional ownership structure on corporate ESG performance: empirical evidence for the European capital market," Review of Managerial Science, Springer, vol. 20(2), pages 537-578, February.

    More about this item

    Keywords

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    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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