Title

Conflicts and Financial Collapse: The Problem of Secondary-Management Agency Costs

Document Type

Article

Comments

The most up-to-date version of this piece can be found in the Duke Law Scholarship

published at, 26 Yale Journal on Regulation 457 (2009)

Abstract

Corporate governance scholarship has long focused on conflicts of interest between firms and their top executive officers. This essay contends that increasing leverage and financial complexity make it important for scholars to also focus on conflicts of interest between firms and their secondary managers.

Date of Authorship for this Version

2-2009

Keywords

conflicts of interest, financial leverage, corporate governance



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