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Academic

: Legal Theory Blog

Schwarcz on Conflicts of Interest Involving Secondary Managers

By Lawrence Solum

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Steven L. Schwarcz (Duke University - School of Law) has posted Conflicts and Financial Collapse: The Problem of Secondary-Management Agency Costs on SSRN.  Here is the abstract:

Corporate governance scholarship has long focused on conflicts of interest between firms and their top executive officers. This essay contends that increasing leverage and financial complexity make it important for scholars to also focus on conflicts of interest between firms and their secondary managers.

Full post as published by Legal Theory Blog on January 05, 2009 (boomark / email).

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