describe the process whereby the owners control the firms management
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where does the speration of control happen, which then causes the agency problem?
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Is it possible to improve one aspect of corporate governance in a firm but weaken another at the same time?
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sometimes governments take control of banks through buying their shares. how does this impact the lending culture of these banks? Is this consistent with shareholder maximization?
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example
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continued
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The current share price is £25. a company wants to buy your company, and will pay £35 per share to acquire all the outstanding shares. Your company’s management begins fighting off this hostile bid. Is managemt being selfish?
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What is a real life example of this?
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Do you think agency problems are likely to be more or less severe in Germany and Japan than in the United States?
