Publication detail

Models of Corporate Governance

Author(s): PhDr. Pavel Körner Ph.D.,
Type: IES Occassional Papers
Year: 2005
Number: 2
ISSN / ISBN:
Published in: IES Occassional Paper 2/2005
Publishing place: Prague
Keywords:
JEL codes:
Suggested Citation:
Abstract: This paper sheds the light on five different perspectives of corporate governance understandings, namely corporate financing, shareholder rights execution, ownership stakes patterns, corporate objective functions and management structures. Not only their key characteristics, limitations and implications are to be delivered but also some pros and cons are to be discussed. Attention is also paid to their normative states of departure. The red string of the principal agent problem meanders through all these five concepts, stewardship theory as its alternative approach is also discussed.
Downloadable: OP 2005_2 Korner
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