Year
1994
Abstract
This article regards the shareholder/manager relationship from the agency theory perspective. The efficiency of the various corporate governance mechanisms which aim at aligning managers’ behavior on the shareholders’ interests is evaluated in the light of the empirical literature.
CHARLETY-LEPERS, P. (1994). Les développements récents de la littérature. Revue d’Économie Financière, pp. 33-48.