EconPapers    
Economics at your fingertips  
 

Agency and the emperor’s new clothes

.

Chapter 4 in Reframing Corporate Governance, 2018, pp 149-189 from Edward Elgar Publishing

Abstract: This chapter looks at the agency problems in both a theoretical and historical context. Because agency relationships are at the core of the principal-agent theory, separating the elements of the stakeholder relationships identified in corporate governance doctrine clears the way for testing the conceptualization of such relationships as both a descriptive and normative framework. This approach leads to a questioning of the internal coherence underlying the mainstream theory, for example the idea of shareholders as owners and managers as agents, and the cohesion between these assumptions and concepts such as the nexus of contracts and residual claimants.

Keywords: Business and Management; Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781785361043.00011.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:16710_4

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().

 
Page updated 2025-03-31
Handle: RePEc:elg:eechap:16710_4