Agency Problem and the Role of Corporate Governance Revisited

19 Pages Posted: 20 Oct 2008

See all articles by Pallab Kumar Biswas

Pallab Kumar Biswas

University of Otago

Md. Hamid Ullah Bhuiyan

University of Dhaka - Department of Accounting and Information Systems

Date Written: October 20, 2008

Abstract

This paper is an attempt to identify various agency relationships that exist in the economic and business life and the related problems that often arise due to such relationships. It also identifies the role of various corporate governance mechanisms in mitigating the agency problems. Though no individual corporate governance mechanism is a perfect one, a careful selection of individual and/or combination of these is likely to serve a better purpose when factors like level of capital market development, legal system of a country are simultaneously considered.

Keywords: Agency problem, Information Asymmetry, Corporate Governance

Suggested Citation

Biswas, Pallab Kumar and Bhuiyan, Md. Hamid Ullah, Agency Problem and the Role of Corporate Governance Revisited (October 20, 2008). Available at SSRN: https://ssrn.com/abstract=1287185 or http://dx.doi.org/10.2139/ssrn.1287185

Pallab Kumar Biswas (Contact Author)

University of Otago ( email )

P.O. Box 56
Dunedin, Otago 9010
New Zealand
+64 3 679 8108 (Phone)

Md. Hamid Ullah Bhuiyan

University of Dhaka - Department of Accounting and Information Systems ( email )

University of Dhaka
Ramna, Dhaka, 1000
Bangladesh

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