Both, discussion and legislation in the field of corporate governance have been dominated by new institutional economics, especially agency theory. Due to its restrictive assumptions agency theory systematically disregards some important aspects that influence cooperative interaction between...

Die Neue Institutionenökonomik und insbesondere die Agency-Theorie habensich zum heute dominierenden Paradigma der Corporate Governance-Diskussionentwickelt. Aufgrund der restriktiven Modellannahmen, die diesem Ansatzzugrunde liegen, werden jedoch einige Effekte, die in der Realität von...

Both, discussion and legislation in the field of corporate governance have been dominated by new institutional economics, especially agency theory. Due to its restrictive assumptions agency theory systematically disregards some important aspects that influence cooperative interaction between...