Corporate Conflicts of Interest
- (pp. 51-72)
AbstractThis paper surveys conflicts of interest in the corporate governance arena, with emphasis on auditors, boards of directors, analysts and investment bankers, regulators, management, attorneys and investors. Enron provides a host of examples as well. I stress the multifaceted nature of these conflicts, and the fact most research looks at some conflicts, such as auditor independence, absent the larger setting and potential interactions among various players. I further speculate herding behavior is an important explanatory device in understanding periodic failures.
CitationDemski, Joel, S. 2003. "Corporate Conflicts of Interest ." Journal of Economic Perspectives, 17 (2): 51-72. DOI: 10.1257/089533003765888421
- G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
- M41 Accounting
- G24 Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
- M42 Auditing