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Topic: Business
Number of pages / Number of words: 20 / 5572
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Earlier, researchers have modeled all corporate governance practices and their associated problems to the Berle and Means theory. Today, with four different types of governance mechanisms prevailing across different economies of the world, modeling firm behavior on the US style of governance for all corporate governance anomalies seems anachronistic...


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However, not all shareholders do actively participate in the day-to-day operations of the firm. In a majority of firms, the majority owners control the organization and take decisions on behalf of the minority owners. In some other firms, which are characterized by manager control, the managers make all firm-level decisions that are supposedly conceived to be beneficial to the owners at large...


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