Corpus ID: 18409748

Agency theory and corporate governance: a review of the literature from a UK perspective

@inproceedings{Mccolgan2001AgencyTA,
  title={Agency theory and corporate governance: a review of the literature from a UK perspective},
  author={P. Mccolgan},
  year={2001}
}
  • P. Mccolgan
  • Published 2001
  • Business
  • This paper attempts to provide an overview of the major literature which has developed in the area of agency theory and corporate governance in the 25 years since Jensen and Meckling’s (1976) groundbreaking article proposing their theory of the firm. A discussion is provided as to why such problems arise within the ‘nexus of contracts’ that Jensen and Meckling describe as characterising the modern corporation and how managers and shareholders may act to control these costs to maximise firm… CONTINUE READING

    Tables from this paper.

    A Literature Review of Corporate Governance
    • 39
    Internal Corporate Governance and Classification Shifting Practices
    • 28
    Corporate governance and capital markets: a conceptual framework
    • 11
    • PDF
    Determinants of effective corporate governance in Tanzania
    • 22
    • PDF

    References

    Publications referenced by this paper.
    SHOWING 1-10 OF 100 REFERENCES
    Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
    • 47,074
    • Highly Influential
    • PDF
    A Survey of Corporate Governance
    • 12,803
    • PDF
    Problems and the Theory of the Firm Author ( s ) :
    • 8,458
    • PDF
    Separation of Ownership and Control
    • 14,175
    • PDF
    Agency Cost of Free Cash Flow, Corporate Finance, and Takeovers
    • 17,883
    • Highly Influential
    • PDF
    The Structure of Corporate Ownership: Causes and Consequences
    • 5,768
    • PDF
    Higher market valuation of companies with a small board of directors
    • 5,398
    • PDF
    Corporate governance, chief executive officer compensation, and firm performance 1 The financial sup
    • 3,497
    • PDF