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Blockchain Solutions for Agency Problems in Corporate Governance

Economic Information to Facilitate Decision Making, Edited Book, Editor- Kashi R. Balachandran, World Scientific Publishers (2019).

U of St. Thomas (Minnesota) Legal Studies Research Paper No. 19-05

26 Pages Posted: 16 May 2019

See all articles by Wulf A. Kaal

Wulf A. Kaal

University of St. Thomas, Minnesota - School of Law

Date Written: April 17, 2019

Abstract

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

Kaal, Wulf A., Blockchain Solutions for Agency Problems in Corporate Governance (April 17, 2019). Economic Information to Facilitate Decision Making, Edited Book, Editor- Kashi R. Balachandran, World Scientific Publishers (2019)., U of St. Thomas (Minnesota) Legal Studies Research Paper No. 19-05, Available at SSRN: https://ssrn.com/abstract=3373393 or http://dx.doi.org/10.2139/ssrn.3373393

Wulf A. Kaal (Contact Author)

University of St. Thomas, Minnesota - School of Law ( email )

MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

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