The Modern Corporation and Private Property

Berle, A. A.; Means, G. C.; Babeau, André

doi:10.2307/3500200

Cited by 3 publications

(3 citation statements)

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“…Agency theory significantly influences corporate governance (Linder and Foss, 2013). Babeau (1969) drove corporate governance, concentrating on the separate ownership of companies that controls the problem of principal and agent. They recognized corporate governance as an instrument by which the board of directors will play the part of a monitoring device to lessen the problems conveyed by the principal-agent relationship (Atosh and Iraya, 2018).…”

Section: Agency Theorymentioning

confidence: 99%

The Impact of Corporate Governance Attributes on Financial Distress among the Listed Firms in Pharmaceuticals Industry of Bangladesh

Begum,

Sarker,

Nahar

2023

IJEFI

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This paper investigates the relationship between corporate governance and the likelihood of financial distress. To evaluate the impact of corporate governance on financial distress, a multiple regression model and longitudinal panel data are used. Corporate governance is determined by the board of directors, audit committee, and ownership structure, whereas the Altman Z-score is used to indicate financial distress. The findings imply that financial distress is influenced by corporate governance variables (board independence, auditor independence, auditor opinion, sponsor directors ownership, and foreign shareholders), and firm-level variables (sales growth, performance, liquidity, firm size)). From an academic standpoint, this paper adds to our understanding of the association between corporate governance practices and the risk of financial distress in emerging markets like Bangladesh. The findings may encourage Bangladeshi listed companies to follow and implement good corporate governance practices, increasing investor, regulator, and stakeholder confidence.

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Section: Agency Theorymentioning

confidence: 99%

The Impact of Corporate Governance Attributes on Financial Distress among the Listed Firms in Pharmaceuticals Industry of Bangladesh

Begum,

Sarker,

Nahar

2023

IJEFI

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“…Control right refers to the right to arrange and dispose of a certain resource, which reflects the indirect or direct influence of decision-makers on enterprise decision-making. In a company, the rights of managers are defined and restricted according to laws and contracts and also depend on the use and distribution of financial and human resources of the company [6,10]. Due to the superior-subordinate relationship, status difference, and resource allocation difference in the enterprise, large shareholders or dominant subjects usually use different resources to seek their interests, thus forming additional control rights and benefits [11].…”

Section: Literature Reviewmentioning

confidence: 99%

“…ese resources reflect the government's ability to dispose of resources. Due to the administrative characteristics of the government, in practice, there is some subjective advantage information that usually can only be judged according to the cooperation experience of investors, such as status and regulatory information [5,6]. Subjective information expands the perception bias of different investors to the government control rights, resulting in unequal control rights and contradictory decision-making, which is not conducive to the sustainability of cooperation between the government and investors [7].…”

Section: Introductionmentioning

confidence: 99%

Analyzing Factors Influencing Government Control Rights in PPP Projects from the Perspective of Investors

Liu

Lei

Zhou

et al. 2022

Discrete Dynamics in Nature and Society

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The information resources owned by the government cannot be completely defined due to the incompleteness of the PPP contract. These information resources influence investors’ judgment on the government’s control rights, thus influencing the fair cooperative relationship and rational decision-making. In order to analyze the criteria for investors to evaluate the government’s control rights in PPP projects in the process of decision, 14 factors that influence the government’s control rights are identified through literature analysis and a questionnaire survey. Factor analysis shows that 14 factors are divided into explicit control indicators and implicit control indicators, which measure the explicit control rights and implicit control rights of the government, respectively. Considering the influence of differences in investors’ opinions, the entropy weighing is made. The results show that the weight of implicit control right reaches 47.90%, which cannot be ignored in practice. The risk ratio has the greatest influence on explicit control rights, followed by the equity ratio. The status of government has the greatest influence on implicit control rights. The study helps to reduce the perceived bias of investors to the government’s control rights of PPP projects for achieving partnership sustainability.

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Dynamic Equilibrium Between Equity Control and Residual Control: Impact on Corporate Fraud and Innovation

Song,

Xie,

Zhang

2024

Emerging Markets Finance and Trade

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The Modern Corporation and Private Property

Cited by 3 publications

References 0 publications

The Impact of Corporate Governance Attributes on Financial Distress among the Listed Firms in Pharmaceuticals Industry of Bangladesh

The Impact of Corporate Governance Attributes on Financial Distress among the Listed Firms in Pharmaceuticals Industry of Bangladesh

Analyzing Factors Influencing Government Control Rights in PPP Projects from the Perspective of Investors

Dynamic Equilibrium Between Equity Control and Residual Control: Impact on Corporate Fraud and Innovation

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