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Governance Mechanisms and Firm Performance

  • Andreas Schillhofer

Abstract

There are various classifications for Governance mechanisms which solve the agency conflict such as a two-part division into internal and external mechanisms83 or into exante preventive and ex-post corrective control mechanisms84. The classification into internal and external mechanisms refers to whether the respective mechanism is initiated and conducted through internal institutionalized channels and procedures or through external parties beyond the control of the firm’s management.

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Copyright information

© Deutscher Universitäts-Verlag/GWV Fachverlage GmbH, Wiesbaden 2003

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  • Andreas Schillhofer

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