Title :
Corporate Governance and Agency Conflicts: GOME´s Control Contest
Author :
Zhu, Wei ; Wen, Lin
Author_Institution :
Coll. of Accounting, Shandong Financial Univ., Jinan, China
Abstract :
After Wong Kwong Yu was arrested, main agency conflicts of GOME transformed from agency conflicts of controlling shareholders and minor shareholders to agency conflicts of controlling shareholders and managers´ actual control rights. This transformation has made the level of agency conflicts of GOME increased from operating risk, ownership structure and debt contracts. The increase of agency conflicts may result in perfecting GOME´s internal corporate governance mechanism in ownership structure, board of directors, executive compensation and promoting the increase of corporate performance.
Keywords :
commerce; management; GOME control contest; agency conflicts; board of directors; control rights; corporate performance; debt contracts; executive compensation; internal corporate governance mechanism; operating risk; ownership structure; Board of Directors; Companies; Contracts; Economics; Educational institutions; Focusing; Security;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5998456
