Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
Corporate Conflicts of Interest
Journal of Economic Perspectives
vol. 17,
no. 2, Spring 2003
(pp. 51–72)
(Complimentary)
Abstract
This 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.Citation
Demski, Joel, S. 2003. "Corporate Conflicts of Interest ." Journal of Economic Perspectives, 17 (2): 51–72. DOI: 10.1257/089533003765888421JEL Classification
- G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
- M41 Accounting
- G24 Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
- M42 Auditing
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