kaal:claim:3808852-010

Agency theory and the existing legal framework have failed to resolve the core agency conflict arising from the separation of ownership and control, so peaceable and productive coordination of human behavior remains wanting.

Theory and practice have not successfully addressed the outstanding issues. For example, the core agency conflicts emanating from the separation of ownership (shareholder principal) and control (manager agent) cannot be fully addressed by the existing theoretical and legal framework.

Wulf A. Kaal, Decentralization and Feedback Effects (2021), III. Organizational Decentralization, p. 9
https://ssrn.com/abstract=3808852 · source PDF

Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852

• applies to limited liability entities and their constituents

failuresupport: arguedfailure: unresolved separation of ownership and controlfamily: agency-cost-and-managerial-opportunismgovernance-designcorporate-governance

• restates kaal:claim:3373393-003 The core agency conflicts that emanate from the separation of ownership by shareholder principals and control ...

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Attestation record: colloquium/attestations/c56b38b91a5908c0...json
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