Agency Theory: An Analysis on Enron and Shell Cases
VEKÂLET TEORİSİ: ENRON VE SHELL OLAYLARI ÜZERİNDEN BİR İNCELEME

Author : Nihan FIRAT
Number of pages : 276-299

Abstract

According to the Agency Theory, an organization is complex system consisted of written or non-written contracts between different individuals. The theory, studying the cross relationships between managers, investors, workers and customers, points out the problems caused by the conflict of interests and proposes solution to solve them. In this paper, how the problems highlighted by the theory realized is explicated via most remarkable scandals of the recent years: Enron and Shell Events

Keywords

Agency theory, managerial control, trust within the organizations, corruption

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