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2 The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems
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Chapters in this book
- Frontmatter i
- Contents ix
- Preface xi
- Introduction 1
-
I Corporate Governance and the Market for Corporate Control
- 1 U.S. Corporate Governance: Lessons from the 1980s 9
- 2 The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems 16
- 3 Active Investors, LBOs, and the Privatization of Bankruptcy 63
-
II Agency Costs, Residual Claims, and Incentives
- 4 Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure 83
- 5 Stockholder, Manager, and Creditor Interests: Applications of Agency Theory 136
- 6 Rights and Production Functions: An Application to Labor-Managed Firms and Codetermination 168
- 7 Organizational Forms and Investment Decisions 205
- 8 The Distribution of Power among Corporate Managers, Shareholders, and Directors 227
- Notes 251
- References 277
- Acknowledgments 301
- Index 305
Chapters in this book
- Frontmatter i
- Contents ix
- Preface xi
- Introduction 1
-
I Corporate Governance and the Market for Corporate Control
- 1 U.S. Corporate Governance: Lessons from the 1980s 9
- 2 The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems 16
- 3 Active Investors, LBOs, and the Privatization of Bankruptcy 63
-
II Agency Costs, Residual Claims, and Incentives
- 4 Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure 83
- 5 Stockholder, Manager, and Creditor Interests: Applications of Agency Theory 136
- 6 Rights and Production Functions: An Application to Labor-Managed Firms and Codetermination 168
- 7 Organizational Forms and Investment Decisions 205
- 8 The Distribution of Power among Corporate Managers, Shareholders, and Directors 227
- Notes 251
- References 277
- Acknowledgments 301
- Index 305