Principalโprincipalโagency relationships
โ
Damian Ward; Igor Filatotchev
๐
Article
๐
2009
๐
John Wiley and Sons
๐
English
โ 158 KB
## Abstract This paper explores agency problems associated with mutual and joint stock organizational forms. It examines whether the independent mode of distribution acts as a governance factor that reduces principalโagent and principalโprincipal costs. By analyzing a 1990โ1997 panel of life insura