Corporate Governance Mechanisms: Their Strengths, Weaknesses and Complementarity

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F19%3A00001524" target="_blank" >RIV/75081431:_____/19:00001524 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1051/shsconf/20196101028" target="_blank" >http://dx.doi.org/10.1051/shsconf/20196101028</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1051/shsconf/20196101028" target="_blank" >10.1051/shsconf/20196101028</a>

Result language
angličtina
Original language name
Corporate Governance Mechanisms: Their Strengths, Weaknesses and Complementarity
Original language description
By corporate governance mechanisms we understand both market and non-market processes, including corporate rules and measures that tackle, internally and externally, two corporate governance problems, i.e. the vertical governance problem that arises between shareholders and managers, and the horizontal governance problem occurring between shareholders themselves. Efficient corporate governance mechanisms, aligning various stakeholder’s interests, help to put the right managers in the right place, providing them at the same time with the right set of incentives and constraints. While some corporate governance mechanisms serving these goals, both internal and external from the corporation perspective, are more efficient in dealing with vertical corporate governance, other solve better horizontal governance issues. The main emphasis of the article is laid on the relative role and limits of market and non-market corporate governance mechanisms solving vertical governance problems as well their complementarity and substitution possibilities. Its method is mainly based on secondary analysis of case studies in corporate governance.
Czech name
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Czech description
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Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Book Series: SHS Web Conferences, vol. 61.: Innovative Economic Symposium 2018 (IES2018): Milestones and Trends of World Economy
ISBN
9782759890637
ISSN
—
e-ISSN
—
Number of pages
9
Pages from-to
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Publisher name
EDP Sciences
Place of publication
Les Ulis, France
Event location
Beijing, PR China
Event date
Nov 8, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000467727800028

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