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

Marianne Ojo Author-Workplace-Name: Faculty of Commerce and Administration, North-West University, South Africa
Authors registered in the RePEc Author Service: Marianne Ojo

Business and Economic Horizons (BEH), 2013, vol. 9, issue 3, 87-98

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.

Keywords: Principal agent theory; stakeholder theory; informational asymmetries; risk; corporate governance; UK; India; Germany; U.S; Japan Journal: Business and Economic Horizons (BEH) (search for similar items in EconPapers)
JEL-codes: G32 G34 M10 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures (2013)
Working Paper: Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures (2013)
Working Paper: Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pdc:jrnbeh:v:9:y:2013:i:3:p:87-98

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