Page info: *Author:Mathiesen, H. *Document version:2.5. *Copyright 1997-2017, ViamInvest.Legal notice.



 

Exhibition: The financial system and its agency relations

 

Introduction: The arrows represent capital flows. The corporate governance literature usually focuses on relation [3] and [4]. Indeed, relation [3] is becoming more important since financial institutions finance an increasing fraction of the average firmís capital - more than 50% in most OECD countries.

 

Terminology: Agents, Principals.

-Copyright 1997-2017, ViamInvest. Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.Legal notice.