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Author:Bricker, R.
Chandar, N.
Title:Where Berle and Means went wrong: a reassessment of capital market agency and financial reporting
Journal:Accounting, Organizations and Society
2000 : AUG, VOL. 25:6, p. 529-554
Index terms:Financial reporting
Investment
Capital markets
Funds
Companies
Language:eng
Abstract:We reassess both operating and strategic influence and control relationship involving individual investors, investment funds, and operating firms, using an agency perspective, and present related reporting and disclosure implications. This analysis describes the nature and extent of investment managers' activities in aggregating the resources of investors, in investing these resources in firms, and in exerting influence and control over these firms.
SCIMA record nr: 214457
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