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Evolution of the Corporation and the Shareholders’ Role in China
(Sweet & Maxwell, 2015-11-01)
This paper focuses on the historical development of China’s corporate forms in different stages and their respective features as well as the main causes and effects. The author discusses the governmental impact upon the ...
Agency Theory Re-examined: An Agency Relationship and Residual Claimant Perspective
(Sweet & Maxwell, 2015-04-01)
Agency theory becomes the force of theoretical understanding of corporate governance and it is argued that corporate governance should primarily aim at reducing agency cost. However, both the agency relationship and residual ...