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Principal-agent relationships on the stewardship-agency axis

✍ Scribed by Ralf Caers; Cindy Du Bois; Marc Jegers; Sara De Gieter; Catherine Schepers; Roland Pepermans

Publisher
John Wiley and Sons
Year
2006
Tongue
English
Weight
172 KB
Volume
17
Category
Article
ISSN
1048-6682

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## 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 principal–agent and principal–principal costs. By analyzing a 1990–1997 panel of life insura