used. The results indicate, among other things, that the excess of control by controller shareholders tends to cause a …

sure that the agent will act in his (the shareholder’s) interest (Jensen and Meckling, 1976). Agency theory does not limit … itself with identifying potential conflicts of interests between managers and shareholders: it also explores the various … policies should contribute to align the managers’ interests on those of the shareholders – to make sure, in other words, that …

shareholders or a large blockholders. The findings also show that relevant governance variables, such as the proportion of …. Firstly, accountability and stricter control could be two issues for firms where governments are shareholders that engages in …

from the relationship between managers and shareholders, earnings management, formation of audit committee, auditors …

researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … shareholders and performance, a phenomenon which might be explained in terms of private appropriation of benefits. …