Unformatted text preview: Rothschild, Medici, Ford, Thomson, Krupp, and Mitsubishi . these groups are in general stuck up in the agency problems as the people involved most commonly belong to the same family . thoughts of all the people is in good intension but with differences . Jensen and Meckling (1976), Shleifer and Vishny (1997), suggest that for the better cororate governance corporate ownership is must . while La Porta, Lopez-de-Salines, and Shleifer (1999) suggest a different thing that the corporate governance changes greatly on the development .there are conflicts in these two for the same reason so need to be compensated . firstly it is must as the people have been long time of the part of the corporation and secondly they will be profitable for future. ....
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- Spring '08
- Corporation, agency problems, free market econimics, governance corporate ownership, corporate governance changes