Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17791| Title: | A Model of Corporate Governance As a System |
| Keywords: | D23 G30 ddc:330 Corporate governance Complementarity Agency problem Corporate Governance Führungsorganisation Agency Theory |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | This paper provides a rationale for the coexistence of different systems of corporate governance based on the multitude of agency problems typically to be governed within a given firm. Because there are complementarity and substitution relationships between governance instruments, specific combinations of instruments which reinforce each other in minimizing agency costs fit together better than alternative combinations. We derive comparative static results showing how various governance instruments can be combined to form a coherent system of corporate governance and how changes in exogenous parameters can lead to simultaneous, systemic changes in the instruments used. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17791 |
| Other Identifiers: | http://hdl.handle.net/10419/17791 ppn:271663987 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.