THE EMERGENCE AND DEVELOPMENT OF CORPORATE GOVERNANCE AS AN ECONOMIC AND INSTITUTIONAL PHENOMENON
Ilona Bažantová
Pages: 167-178
Published: 21 Aug 2015
Views: 3,452
Downloads: 771
Citations: 5 (Google Scholar)
Citations: 1 (OpenAlex)
Abstract: The article analyses how has been corporate governance formed – it shows a view of history of economic thought on this problem. It describes Adam Smith’s opinions on corporations, the Agency Theory and the Principal-Agent Theory. Then, the article provides interpretation of OECD´s definition of corporate governance, it presents the dualistic (two-tier) model and the monistic (one-tier) model and the current institutional concept of corporate governance in the Czech Republic.
Keywords: corporate governance, principal-agent theory, oecd, czech laws
Cite this article: Ilona Bažantová. THE EMERGENCE AND DEVELOPMENT OF CORPORATE GOVERNANCE AS AN ECONOMIC AND INSTITUTIONAL PHENOMENON. Journal of International Scientific Publications: Economy & Business 9, 167-178 (2015). https://www.scientific-publications.net/en/article/1000856/
Back to the contents of the volume
© 2026 The Author(s). This is an open access article distributed under the terms of the
Creative Commons Attribution License https://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.
