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State university boards of trustees: A principal-agent perspective

Eugenia Toma

Public Choice, 1986, vol. 49, issue 2, 155-163

Abstract: This paper extends the economic theory of organizations by examining the structure of boards of trustees in public university settings. A major implication of the analysis is that the structure of the board of trustees reflects the costs to politicians of allowing internal agent shirking. Empirical evidence supports this hypothesis and indicates that a system method of governing versus individual board governance of universities is linked to the influence of educators in the political process. Copyright Martinus Nijhoff Publishers 1986

Date: 1986
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DOI: 10.1007/BF00181037

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