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2013 | vol. 9, iss. 3 | 87--98
Tytuł artykułu

Why the Traditional Principal Agent Theory May No Longer Apply to Concentrated Ownership Systems and Structures

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Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
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 may no longer hold in many concentrated ownership structures.(original abstract)
Rocznik
Strony
87--98
Opis fizyczny
Twórcy
autor
  • North-West University, South Africa
Bibliografia
  • Allen, F. and Zhao, M., 2007. "The corporate governance model of Japan: Shareholders are not rulers," University of Pennsylvania and Mengxin Zhao Bentley College, May 2007
  • Altunbas, Y., Kara, A. and van Rixtel, A., 2007. "Corporate governance and corporate ownership: The investment behaviour of Japanese institutional investors," Documentos Ocasionales, No.0703 Banco de Espana
  • Burton, P., 2000. "Antecedents and consequences of corporate govenance structures," Corporate Governance: An International Review, Vol.8, No.3, pp.194-203, http://dx.doi.org/10.1111/1467-8683.00198
  • Corporate Governance Committee , 1997. Corporate forum of Japan, "Corporate governance principles: A Japanese view (Interim Report), October 1997
  • Eun, C. and Resnick, B., 2008. International Financial Management, McGraw-Hill/Irwin, Fifth Edition
  • Jensen, M. and Meckling, W., 1976. "Theory of the firm: Managerial behaviour, agency costs and ownership structure," Journal of Financial Economics, Vol.3, No.4, pp.305-360, http://dx.doi.org/10.1016/0304-405X(76)90026-X
  • Jia, J., Adams, M. and Buckle, M., 2009. "Insurance and ownership structure in India's corporate sector," American Risk and Insurance Association (ARIA) 2009 Annual Meeting Papers, July 2009
  • Jürgens, U. and Rupp, J., 2002. "The German system of corporate governance: Characteristics and changes", Veröffentlichungsreihe der Abteilung Regulierung von Arbeit des Forschungsschwerpunkts Technik, Arbeit, Umwelt des Wissenschaftszentrum Berlin für Sozialforschung, No.FS1102-203, May 2002
  • Hopt, H., Kanda, H., Roe, M., Wymeersch, E. and Prigge, S. (Eds.), 1998. Comparative corporate governance. The state of the art and emerging research, Clarendon Press: Oxford
  • Kaur, P. and Gill, S., 2008. "The effects of ownership structure on corporate governance and performance: An Empirical Assessment in India," Research Project NFCG 2007-2008
  • Morck, R. and Yeung, B., 2004. "Special issues relating to corporate governance and family control," World Bank Policy Research Working Paper 3406
  • Odenius, J., 2008. "Germany's corporate governance reforms: Has the system become flexible enough? IMF 2008 WP/08/179
  • Sakai, H. and Asaoka, H., 2003. "The Japanese corporate governance system and firm performance: Toward sustainable growth," Research Center for Policy and Economy, Mitsubishi Research Institute, Inc Jan 2003
  • Sarkar, J., 2010. "Ownership and corporate governance in Indian firms," In: Balasubramanian, N., Satwalekar, D.M. (Eds.), Corporate governance: An emerging scenario, National Stock Exchange of India Ltd., pp.217-267
  • Sarkar, J. and Sarkar, S., 2000. "Large Shareholder activism in corporate governance in developing countries: Evidence from India," International Review of Finance, Vol.1, No.3, pp.161-194, http://dx.doi.org/10.1111/1468-2443.00010
  • Sinha, T., 2004. The Indian insurance industry: Challenges and prospects, Swiss Re, Zurich
  • Smith, A., 1776. "An inquiry into the nature and causes of the wealth of nations," Dublin: Whitestone
  • Srivastava, A., 2011. "Ownership structure and corporate performance: Evidence from India," International Journal of Humanities and Social Science, Vol.1, No.1, pp.23-29
  • Wenger, E. and Kaserer, C., 1998. "German banks and corporate governance: A critical view", In: Hopt, H., Kanda, H., Roe, M., Wymeersch, E. and Prigge, S. (Eds.), Comparative corporate governance. The state of the art and emerging research, Clarendon Press: Oxford
  • Zou, H. and Adams, M., 2008. "Corporate ownership, equity risk and returns in the People's Republic of China Journal of International Business Studies Volume 39, No 7, pp.1149-1168
Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171287531

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