Purpose – This review paper aims to compare the various dimensions in the finance literature pertaining to the Anglo-Saxon Model (Stockholder Model) prevalent in the USA and the UK with the German Model (Stakeholder Model) of corporate governance prevalent in Germany and continental Europe....

Unlike previous research which had focused solely on principal-agent conflicts in the Middle East, this paper enriches corporate governance literature of privately-held family firms in an emerging economy with inadequate legislative and enforcement framework, by examining conflicts between...