Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures

This paper not only considers why many concentrated ownership structured systems and jurisdictions are considering a shift to the Anglo American style of corporate governance, but also explores why the traditional principal agency theory model may no longer apply in many concentrated ownership structures.

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Year of publication:	2013-10-20
Authors:	Ojo, Marianne
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	principal agent theory \| stakeholder theory \| informational asymmetries \| risk \| corporate governance \| UK \| India \| Germany \| U.S \| Japan

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D8 - Information and Uncertainty ; D82 - Asymmetric and Private Information ; D86 - Economics of Contract: Theory ; K2 - Regulation and Business Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011109640