Blockchain Solutions for Agency Problems in Corporate Governance
Economic Information to Facilitate Decision Making, Edited Book, Editor- Kashi R. Balachandran, World Scientific Publishers (2019).
26 Pages Posted: 16 May 2019
Date Written: April 17, 2019
As a foundational technology, blockchain technology creates the infrastructure for decentralized networked governance that, over time, creates the environment that enables the removal of internal and external monitoring mechanisms previously necessitated by agency problems in corporate governance. Blockchain technology facilitates a substantial increase in efficiency in the agency relationship and lowers agency costs in orders of magnitude.
Keywords: Agency, Principal-Agent, Blockchain, Technology, Agency Cost, Monitoring, Corporate Governance
JEL Classification: K20, K23, K32, L43, L5, O31, O32
Suggested Citation: Suggested Citation