CEU Electronic Theses and Dissertations, 2014
| Author | Khusankhodjaev, Fayzullokhon |
|---|---|
| Title | Principal-agent conflict in United States of America and Germany. Proposals for Uzbekistan |
| Summary | This paper analyzes the principal-agent problem in large publicly held corporations in USA and Germany, the result of this analysis is aimed at providing lessons for the developing Uzbek Model of Corporate Governance. Under my assessment the shareholder–manager relationships are viewed as the core principal agent relationships. The main discussion is around the corporate governance models used in three jurisdictions as well as legal strategies used to mitigate the costs connected with the principal-agent conflict. The thesis starts with defining the source of the principal agent conflict - the separation of ownership and control and its relationship with the agency problem. Further, a discussion starts about a list of common mechanism that are used in both countries to deal with the principal agent conflict. The last chapter starts with an analysis of the Corporate Governance Models of USA and Germany and Uzbekistan and ends with a concluding comparative analysis that provides proposals for the Uzbek Corporate Governance model and asses the fields for improvement. |
| Supervisor | Messman, Stefan |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2014/khusankhodjaev_fayzullokhon.pdf |
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