The Neglected Role of Justification under Uncertainty in Corporate Governance and Finance
The Neglected Role of Justification under Uncertainty in Corporate Governance and Finance does three novel things. First, it demonstrates that the need to justify is pervasive and identifies a type of agency cost -- justification costs -- resulting from decisions motivated by justification. Second, it considers the relationship between these sorts of agency costs and more traditional agency costs, such as those involving self-dealing or empire building. Third, and most importantly, it introduces a role for uncertainty. Under conditions of low(er) uncertainty, more accountability does not necessarily increase justification costs, which are a…
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Produktdetails
Weitere Autoren: Pacces, Alessio M.
- ISBN: 978-1-68083-520-5
- EAN: 9781680835205
- Produktnummer: 29602298
- Verlag: now publishers Inc
- Sprache: Englisch
- Erscheinungsjahr: 2018
- Seitenangabe: 144 S.
- Masse: H23.4 cm x B15.6 cm x D0.0 cm 213 g
- Gewicht: 213
- Sonstiges: Professional & Vocational
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