Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
"Economics has firms maximizing value and people maximizing utility, but firms are run by people. Agency theory concerns the mitigation of this internal contradiction in capitalism. Firms need charters, regulations and laws to restrain those entrusted with their governance, just as economies need constitutions and independent judiciaries to restrain those entrusted with government. Agency problems distort capital allocation if corporate insiders are inefficiently selected or incentivized, and this hampers economic growth absent a legal system with appropriate constraints. However, political economy problems and agency problems in corporations may reinforce each other, compromising the quality of both corporate governance and government"--National Bureau of Economic Research web site.
Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
Showing 2 featured editions. View all 2 editions?
Edition | Availability |
---|---|
1
Agency problems and the fate of capitalism
2010, National Bureau of Economic Research
electronic resource /
in English
|
zzzz
|
2
Agency problems and the fate of capitalism
2010, National Bureau of Economic Research
electronic resource /
in English
|
aaaa
|
Book Details
Edition Notes
Title from PDF file as viewed on 3/15/2011.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
Classifications
The Physical Object
ID Numbers
Community Reviews (0)
Feedback?October 17, 2020 | Created by MARC Bot | import new book |