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| Tekijä: | Walsh, J. P. Seward, J. K. |
| Otsikko: | On the efficiency of internal and external corporate control mechanismus |
| Lehti: | Academy of Management Review
1990 : JUL, VOL. 22E - 15:3, p. 421-458 |
| Asiasana: | |
| Vapaa asiasana: | BETRIEBSKONTROLLE, ORGANISATIONSTHEORIE, FINANZWIRTSCHAFT |
| Kieli: | eng |
| Tiivistelmä: | Internal, organizationally based mechanisms of corporate control and external, market-based control mechanismus can be employed to help align the interests of managers and shareholders. This paper articulates the strengths and shortcomings of both types of control mechanisms. It also identifies a variety of managerial entrenchment practices that managers can use to compromise these mechanisms. A theoretical framework is developed that explicates the interrelationship between and among these corporate control mechanisms. |
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