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What is Critique of Agency Theory in Governance about?

1) A review of existing literature on corporate governance in emerging countries shows that it is mostly based on research from the US and UK, focusing on agency theory and issues of principal-agent problems. 2) However, the paper argues that context matters - institutional contexts, ownership structures, politics, and history differ across countries. Agency theory alone is insufficient because governance does not occur in a social vacuum. 3) The paper calls for use of alternative theoretical perspectives

Author

rahmarabbi

Language

EN