Asymmetry Barriers to Corporate Governance Effectiveness
Shaikh Muhammad Refat Ali
affiliation not provided to SSRN
April 10, 2009
Journal of Innovation and Development Strategy, Vol. 3, No. 2, pp. 35-46, April 2009
This study investigates various asymmetries that surround the board of directors, managers and shareholders and inhibit corporate governance effectiveness. It suggests to overcome a fundamental misconception that information asymmetry is the only form of asymmetry affecting corporate governance success. It also suggests that managers should undertake a perceptual view towards governance success through grasping the interrelatedness of various sources and aspects of asymmetry generated by lack of people skills geared by various cognitive, affective, and behavioural biases that affect both managers at all levels of the organization, including the corporate board.
Number of Pages in PDF File: 12
Keywords: Corporate Governance, Moral Hazard, Accountability Asymmetry
JEL Classification: D23, D70, D82, G39, L20, M10Accepted Paper Series
Date posted: August 14, 2010
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