Corporate Governance Patterns in Oecd Economies: Is Convergence under Way?
نویسندگان
چکیده
“... in the real world things are not that simple...Creditors want to be sure that they will be repaid, which often means firms taking on less risky projects ... managers would rather maximise benefits to themselves (by) preferring policies that justify paying them a higher salary, or divert company resources for their personal benefit or simply refuse to give up their jobs in the face of poor profit performance .... Large shareholders with a controlling interest in the firm would, if they could, increase their returns at the expense of ... minority shareholders.” (Prowse 1996)
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