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Principal-Agent (P-A) theory sees the fact of delegation as defining a relationship be-tween states (collective …
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Independent central bankers and judges can both be more usefully viewed as trustees than as agents. A trust is a legal institution with rules set up by a settlor, administered by a trustee on behalf of beneficiaries. Public trustees often are motivated more by Pride, Policy, Place, and Power...
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This Chapter, written for the forthcoming Oxford Handbook of Fiduciary Law, identifies the fiduciary principles that … relationships in which a fact-specific assessment of a relationship and its circumstances triggers the application of fiduciary … duties, agency relationships are categorically treated as fiduciary. When a relationship of common-law agency links two …
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A central thesis of "An Economist's Perspective of Fiduciary Monitoring of Investments" by Dr. Susan Mangiero is that …
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Information-based theories of financial intermediation focus on delegated monitoring. However, there is little evidence on how markets discipline intermediaries who fail at this function. We exploit the direct link between corporate fraud and monitoring failure and examine how a venture capital...
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