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Political Determinants of Corporate GovernancePolitical Context, Corporate Impact$
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Mark J. Roe

Print publication date: 2006

Print ISBN-13: 9780199205301

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199205301.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 12 May 2021

Rents and Politics

Rents and Politics

(p.134) Chapter 19 Rents and Politics
Political Determinants of Corporate Governance

Mark J. Joe

Oxford University Press

If a nation has many firms capturing monopoly rents, two major corporate governance consequences are expected. First, potential managerial agency costs to shareholders will be higher than elsewhere, making owners try to tighten up to avoid those potentially heavier costs. Second, with more rents for the players to split, the corporate governance splits could have political correlates, as the players would seek to use politics to grab or block rent acquisition.

Keywords:   monopoly rents, rent acquisition, politics, higher agency costs, competition

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