Economics at your fingertips  

Changing Models of Corporate Governance in OECD Countries

Pieter W. Moerland
Additional contact information
Pieter W. Moerland: Tilburg University

Chapter 5 in Privatization, Corporate Governance and the Emergence of Markets, 2000, pp 69-82 from Palgrave Macmillan

Abstract: Abstract Corporate governance has to do with the way in which business firms are run; that is, how these are managed and controlled. As the term suggests, it concerns the governance of corporations: more specifically, firms whose publicly traded shares of equity capital are listed on a stock exchange. Those firms are characterized by a separation of ownership and management, which poses the well-known agency problem between management and outside capital suppliers, such as external shareholders. In their survey article on corporate governance, Shleifer and Vishny (1997, p. 337) commence by posing the following three questions: ‘How do the suppliers of finance get managers to return some of the profits to them? How do they make sure that managers do not steal the capital they supply or invest it in bad projects? How do suppliers of finance control managers?’

Keywords: Corporate Governance; OECD Country; Supervisory Board; Large Shareholder; Corporate Control (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:

Ordering information: This item can be ordered from

DOI: 10.1057/9780230286078_5

Access Statistics for this chapter

More chapters in Studies in Economic Transition from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2023-11-28
Handle: RePEc:pal:stuchp:978-0-230-28607-8_5