A functioning and encompassing system of global governance has remained humanity's unfulfilled goal, although such governance already works to a degree in certain sectors. At the same time, a multitude of forces oriented toward that goal are caught in a never-ending process of progress and...

This study examines whether auditors are employed as a monitoring mechanism to mitigate agency problems arising from different types of controlling shareholders. In a context of concentrated ownership and poor investor protection, controlling shareholders can easily expropriate wealth from...