Construct · 1 fields · 1 citations

separation of ownership and control: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
separation ofownership and control1 CONSTRUCTSeparation of ownershipFAMA · CORPORATE GOVERNANCE

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Corporate governance

the division between owners who bear a firm's residual risk and managers who make its decisions, with agency problems contained by separating decision management from decision control.

In corporate governance, separation of ownership and control refers to the division between owners who bear a firm's residual risk and managers who make its decisions, with agency problems contained by separating decision management from decision control. This meaning comes from Fama (1983) in The Journal of Law and Economics.[1]

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Nearby constructs

board1 fields · 1 citationsanchor · a standalone constructagency6 fields · 12 citationsjingle · one name, six constructscontrol4 fields · 5 citationsjingle · one word, four constructs

References

  1. Fama, E. F., & Jensen, M. C. (1983). Separation of Ownership and Control. The Journal of Law and Economics, 26(2), 301-325. https://doi.org/10.1086/467037

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