Behavioural aspects of corporate governance
Behavioural aspects of corporate governance
The agency view of corporate governance requires effective monitoring to align the interests of the agent with those of the principal. This paper suggests that conventional proposals to reform corporate governance through legislation, codes of best practice, and the like, are necessary, but underestimate the pressures which reputational intermediaries face from inevitable conflicts of interest and bias. Various strands of the literature on corporate governance, cognitive research and behavioural economics are integrated to shed light on questions regarding the independence of boards of directors and external auditors.
978-0-7623-1133-0
265-285
Marnet, Oliver
6840910e-2e26-4e63-aa84-76c5c8d27877
2004
Marnet, Oliver
6840910e-2e26-4e63-aa84-76c5c8d27877
Marnet, Oliver
(2004)
Behavioural aspects of corporate governance.
In,
Hirschey, Mark, John, Kose and Makhija, Anil K.
(eds.)
Corporate Governance.
(Advances in Financial Economics, 9)
Bingley, GB.
Emerald Publishing, .
(doi:10.1016/S1569-3732(04)09011-5).
Record type:
Book Section
Abstract
The agency view of corporate governance requires effective monitoring to align the interests of the agent with those of the principal. This paper suggests that conventional proposals to reform corporate governance through legislation, codes of best practice, and the like, are necessary, but underestimate the pressures which reputational intermediaries face from inevitable conflicts of interest and bias. Various strands of the literature on corporate governance, cognitive research and behavioural economics are integrated to shed light on questions regarding the independence of boards of directors and external auditors.
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More information
Published date: 2004
Organisations:
Centre of Excellence for International Banking, Finance & Accounting
Identifiers
Local EPrints ID: 381433
URI: http://eprints.soton.ac.uk/id/eprint/381433
ISBN: 978-0-7623-1133-0
ISSN: 1569-3732
PURE UUID: b5627251-7b42-4d84-a806-3d9bed9e3305
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Date deposited: 02 Oct 2015 14:19
Last modified: 15 Mar 2024 03:48
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Contributors
Editor:
Mark Hirschey
Editor:
Kose John
Editor:
Anil K. Makhija
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