Assessment of Salient Problems Associated with the Separation of Ownership and Control of Modern Cor-porations: Evaluation of Solutions and Their Effectiveness
Chen Zeyu,
Huang Ziyuan
Abstract:This paper examines the salient problems related to the separation of ownership and control of modern corporations, as discussed in the books The Wealth of Nations and The Modern Corporation and Private Property. It qualitatively analyzes past empirical studies and evaluates the effectiveness of various solutions aimed at alleviating the separation between ownership and control. The analysis reveals that the agency relationship between shareholders and organizational managers underpins the phenomenon of owners… Show more
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