High profile accounting frauds and governance failures that recently plagued corporations around the world suggest that the agency theory paradigm of corporate governance may not adequately portray all corporations. Moreover, the changing nature of enterprises highlights the importance of power in understanding corporate governance. This project studies alternative theories of corporate governance, develops a solid theoretical synthesis of agency and managerial power theories, and tests its implications on management compensation and firm performance. Our research is expected to shed light on how to improve corporate governance and regulation of management compensation, and provide a new framework for studying corporate governance.
|Effective start/end date
|2/01/06 → 30/06/09
- Australian Research Council (ARC): A$51,951.00
- La Trobe University