The Internal Governance of Firms
We develop a model of internal governance where the self-serving actions of top management are limited by the potential reaction of subordinates. Internal governance can mitigate agency problems and ensure that firms have substantial value, even with little or no external governance by investors. Ex...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
John Wiley & Sons, Inc,
2014-06-17T19:39:24Z.
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| Subjects: | |
| Online Access: | Get fulltext |