The Principal—Agent Problem and Transocean

Colin Read
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Colin Read: SUNY College

Chapter 15 in BP and the Macondo Spill, 2011, pp 138-142 from Palgrave Macmillan

Abstract: Abstract Corporate responsibility lies in three realms — the economic, the ethical, and the legal. Much of the posturing between half a dozen entities, BP, Transocean, Halliburton, Cameron International, the regulatory agencies, and even first responders, are all based on fears of legal liability. However, there are greater principles invoked by the disaster and the responsibility of various interested parties who could have helped avoid it.

Keywords: Agent Problem; Corporate Responsibility; Legal Liability; Drill Pipe; Limited Liability Company (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30508-3_15

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DOI: 10.1057/9780230305083_15

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