Blockchain Solutions for Agency Problems in Corporate Governance

Wulf A. Kaal

Chapter 12 in Information for Efficient Decision Making:Big Data, Blockchain and Relevance, 2020, pp 313-329 from World Scientific Publishing Co. Pte. Ltd.

Abstract: As a foundational technology, blockchain technology creates the infrastructure for decentralized networked governance that, over time, creates the environment which enables the removal of internal and external monitoring mechanisms previously necessitated by agency problems in corporate governance. Blockchain technology facilitates a substantial increase in efficiency in the agency relationship and lowers agency costs in orders of magnitude.

Keywords: Accounting; Decision Making; Economic Information; Stock Trading; Acquisitions; Mergers; Financing Reporting; Reliable Information; Company Decisions (search for similar items in EconPapers)
JEL-codes: A1 M41 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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