# kaal:claim:3441904-001

**Claim.** The core underlying agency problems of corporate governance cannot be fully resolved within the existing theoretical and legal infrastructure, despite decades of governance experiments and extensive rule revisions.

**Type.** failure  **Support.** argued

**Holds when.**

- existing corporate law and theory of the firm infrastructure

**Source quote.**

> Despite decades of governance experiments and extensive rule revisions, the existing scope of agency problems suggest that the core underlying agency problems cannot fully be resolved within the existing theoretical and legal infrastructure.

**From.** Wulf A. Kaal, *Blockchain-Based Corporate Governance* (2019), I. Introduction, page 5

**Cite as.** Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

**Verify.** sha256 of source PDF `e6b562527f7f19accaa35491db0a0db168b6a936755e1dca424e9f30bee7a815` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Blockchain-Based%20Corporate%20Governance.pdf

**Failure mode.** irreducible-agency-problem  (family: agency-cost-and-managerial-opportunism)

**Topics.** governance-design, corporate-governance

**Keywords.** agency-problem, corporate-governance, regulatory-reform, theory-of-the-firm

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.