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Dissertation
Three essays in corporate governance
Doctor of Philosophy (Ph.D.), Drexel University
22 May 2009
DOI:
https://doi.org/10.17918/etd-3040
Abstract
Abstract - Shleifer and Vishny (1997) define corporate governance as "the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment." The implementation of adequate internal and external controls, a corporate governance system, is central to assuring an investor's return. This dissertation focuses on these internal and external control mechanisms and tests their effectiveness in ensuring that management acts in shareholders' interests. The three essays contained herein document substantial costs to shareholders when these controls fail to restrain management from engaging in self-dealing, yielding substantial agency costs. However, the internal and external controls studied play an important and effective role in curtailing these costs.
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Details
- Title
- Three essays in corporate governance
- Creators
- Adam Yore - DU
- Contributors
- Ralph A. Walkling (Advisor) - Drexel University (1970-)
- Awarding Institution
- Drexel University
- Degree Awarded
- Doctor of Philosophy (Ph.D.)
- Publisher
- Drexel University; Philadelphia, Pennsylvania
- Resource Type
- Dissertation
- Language
- English
- Academic Unit
- Bennett S. LeBow College of Business; Finance; Drexel University
- Other Identifier
- 3040; 991014632318704721