MODELS OF CORPORATE GOVERNANCE
MODELS OF CORPORATE GOVERNANCE
| Author: |
Pavel Körner |
| Type: |
IES Occassional Papers |
| Year: |
2005 |
| Number: |
2 |
| ISSN / ISBN: |
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| Published in: |
IES Occassional Paper 2/2005 |
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Prague |
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| JEL codes: |
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| Suggested Citation: |
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| 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. |
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OP 2005_2 Korner.pdf |
