Title: Managers' Control Power: Contract Arrangement and Its Dynamic Adjustment
Abstract:Based on the framework of Agency Theory,this paper discusses the managers' control power setup by the modern firm's contracts, it also analyzes the theoretical basis of managers' real control power,as...Based on the framework of Agency Theory,this paper discusses the managers' control power setup by the modern firm's contracts, it also analyzes the theoretical basis of managers' real control power,as well as its changing types and specific influence on the practical level.By the contrast of the managers' bargain power and the owner's which will change relatively according to the firms' operation and management,the paper points out that the managers actually have more decision control than the contracts state.The differences have become the main factors to the adjustment of managers real control power.Read More
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
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