Topics
Ownership and control
The so-called "divorce between ownership and control" happens when the owners of a business do not control the day-to-day decisions made in the business. For example, the majority of shareholders in public companies are not involved in any way with operational decision-making by the companies in which they have invested. See also the principal agent problem. Key decisions might cover areas such as product pricing, capital investment projects and marketing budgets.
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Are CEO salaries out of control?
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Alternatives to Profit Maximisation Explained
Topic Videos
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Theory of the Firm - 2021 Revision Update
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Revision Presentation on Royal Mail Privatisation
Study Presentations
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Corporate dividends during the economic crisis
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Firms turning employees into owners
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