Agency theory and corporate governance: A study of the effectiveness of board in their monitoring of the CEO. Journal of Modelling in Management, 2(1), 7-23.Bonazzi, L., & Islam, S.M.N. (2007). Agency theory and corporate governance: A study of the effectiveness of board in their ...
Agency theory in corporate governance is an extension of the agency theory discussed above. It relates to a specific type of agency relationship that exists between the shareholders and directors/management of a company. The shareholders, true owners of the corporation, as principals, elect the exe...
Originality/value – The finding of this study contributes to the Agency Theory debate, in essence that the board monitoring of CEO will improve the performance of the CEO and avoid possible conflict of interests. 展开 关键词: Corporate governance Mathematical modelling Optimization techniques Chief ...
AgencytheoryandcorporateAgencytheoryndcorporategovernancegovernanceAstudyoftheeffectivenessofboardintheirmonitoringoftheCEO7LiviaBonazziandSardarM.N.I..
Darus, F. (2011), "Corporate governance and corporate failure in the context of agency theory", The Journal of American Academy of Business, Vol. 17 No. 1, pp. 125-132.Darus, F., & Mohamad, A. (2011). Corporate governance and corporate failure in the context of agency theory. The ...
stewardshipagencytheoryceogovernance执行官 3 StewardshipTheoryorAgencyTheory: CEOGovernanceandShareholder Returns by LexDonaldson† JamesH.Davis‡ Abstract: Agencytheoryarguesthatshareholderinterestsrequireprotectionbyseparation ofincumbencyofroˆlesofboardchairandCEO.Stewardshiptheoryargues shareholderinterestsaremaxim...
Agency theory is often described in terms of the relationships between the various interested parties in the firm.
According to this theory, managers' interests are usually different from those of the owners, which makes managers make decisions that are unfavorable to the interests of the owners (Alam, Ramachandran, & Nahomy, 2020). Numerous studies have claimed that an internal governance mechanism is much mo...
This paper reviews the path of SOE reform in China and use economics model to develop an agency theory of interfirm, transactions based on the following idea: a state enterprise manager, being an agent, may acquire private benefits in exchange for not holding up a non...
Agency loss is the difference between the optimal results for the principal and the consequences of the agent's behavior.4 Incentives may be offered tocorporate managersto maximize the profits of their principals. Stock options awarded to company executives have their origin in agency theory. ...