fin531researchpaperoutline.docx

Manager-stockholder conflicts and agency costs

· Introduction

· Corporate Management Structure

· Stockholder’s Goal

· What is agency Cost

· What can cause an agency problem to occur?

· Conflict of interests between shareholder and managers

· Risk preference differentiation

· Agency Relationships

· What to do to get rid of it?

· Compensation to the managers

· Incentives to stakeholders

· Standard Principal-Agent Models

· Corporate control management

· Conclusion

· Recommendation

· Summary

References

1.R. (2015). Agency Problem. Retrieved September 28, 2016, from http://www.investopedia.com/terms/a/agencyproblem.asp

2.Conflicts Between Corporate Management and Shareholders. (n.d.). Retrieved September 28, 2016, from http://smallbusiness.chron.com/conflicts-between-corporate-management-shareholders-75063.html

3.And, E. M. (n.d.). Erwan Morellec. Retrieved September 28, 2016, from http://rof.oxfordjournals.org/content/11/1/1.short

4. B. (n.d.). Stockholder, Manager, and Creditor Interests: Applications of Agency Theory. Retrieved September 28, 2016, from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=173461

5. Freeman, R. E., & Reed, D. L. (1983). Stockholders and Stakeholders: A New Perspective on Corporate Governance. California Management Review, 25(3), 88-106. doi:10.2307/41165018

6.Jensen, M. C. (1986). Agency cost of free cash flow, corporate finance, and takeovers. Corporate Finance, and Takeovers. American Economic Review, 76(2).

7.Byrd, J., Parrino, R., & Pritsch, G. (1998). Stockholder-manager conflicts and firm value. Financial Analysts Journal, 54(3), 14-30.

8.Baysinger, B. D., Kosnik, R. D., & Turk, T. A. (1991). Effects of board and ownership structure on corporate R&D strategy. Academy of Management journal, 34(1), 205-214.

9.Moura, H. M. P., & Teixeira, J. M. C. (2010). Managing stakeholders conflicts. Construction stakeholder management, 286-316.

10.Wang, X., & Huang, J. (2006). The relationships between key stakeholders’ project performance and project success: Perceptions of Chinese construction supervising engineers. International Journal of Project Management, 24(3), 253-260.

11.The agency problem and Control of the corporate

http://highered.mheducation.com/sites/007353062x/student_view0/ebook/chapter1/chbody1/1_4_the_agency_problem_and_control_of_the_corporation.html

12. Executive Compensation as an Agency Problem

http://www.law.harvard.edu/faculty/jfried/Executive_comp_Agency_%20Prob.pdf

13.Agency costs, risk management and capital structure

http://www.haas.berkeley.edu/groups/finance/WP/rpf278.pdf