The board of directors constitutes an internal mechanism of governance whose effectiveness has an impact on the creation of a firm value. Its influence on the financial performance of the firm is the subject of advanced researches. However, the study of its impact on the strategic decisions...

This paper investigates the relationship between director shareownership and corporate performance in South Africa using a sample of 169 listed firms from 2002 to 2007. Our results suggest a statistically significant and positive association between director shareownership and corporate...

Financial scandals in western countries and in Cameroon have led the public to regain interest in debates about auditors in the area of corporate governance. This is a topic that has been widely discussed by researchers (Charreaux, 1997; Labelle and Piot, 2003). However, little research has been...

This study examines Indonesian Accounting Regulatory Compliance measurement (IARCm) and Indonesian Accounting Regulatory Compliance disclosure (IARCd) through an agency theory-based analysis of 220 Indonesian listed companies' 2006 annual reports. To measure the level of regulatory compliance of...

(VF)Cet article dresse un bilan des travaux existants portant sur le rôle des sociétés de capital-risque dans la formation d’alliances stratégiques. Ils sont présentés en distinguant les points de vue des sociétés de capital-risque et des entreprises formant l’alliance, et, agencés...

We study the specific rationale governing entrepreneur-investor relations in young ventures which raise equity capital from different investor types in pursuit of a strong growth strategy. Special emphasis is put on the governance process through which investors and entrepreneurs interact in a...

The recent structural changes introduced by the Treaty of Lisbon exemplify the dynamic and constantly evolving nature of the European Union (EU)’s institutional system. Given the gradual empowerment of EU institutions, this Special Issue focuses on bringing agents and agency into the study of...

Although there is an abundant empirical literature describing the many different forms that the organisation of transactions can take, from strategic alliances involving several partners to network of firms tightly coordinated to franchise systems, the terminology fluctuates, making it difficult...

While significant progress has been made, analytic research on principal-agent problems that seek closed-form solutions faces limitations due to tractability issues that arise because of the mathematical complexity of the problem. The principal must maximize expected utility subject to the...