AMBIENTUM BIOETHICA BIOLOGIA CHEMIA DIGITALIA DRAMATICA EDUCATIO ARTIS GYMNAST. ENGINEERING EPHEMERIDES EUROPAEA GEOGRAPHIA GEOLOGIA HISTORIA HISTORIA ARTIUM INFORMATICA IURISPRUDENTIA MATHEMATICA MUSICA NEGOTIA OECONOMICA PHILOLOGIA PHILOSOPHIA PHYSICA POLITICA PSYCHOLOGIA-PAEDAGOGIA SOCIOLOGIA THEOLOGIA CATHOLICA THEOLOGIA CATHOLICA LATIN THEOLOGIA GR.-CATH. VARAD THEOLOGIA ORTHODOXA THEOLOGIA REF. TRANSYLVAN
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The STUDIA UNIVERSITATIS BABEŞ-BOLYAI issue article summary The summary of the selected article appears at the bottom of the page. In order to get back to the contents of the issue this article belongs to you have to access the link from the title. In order to see all the articles of the archive which have as author/co-author one of the authors mentioned below, you have to access the link from the author's name. |
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STUDIA NEGOTIA - Issue no. 1 / 2002 | |||||||
Article: |
WHO IS THE THE MANAGEMENT BOARDS?. Authors: KOCSIS LÁSZLÓ LAJOS. |
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Abstract: The article deals with the main issue concerning corporate leadership, that of how the interests of the owners are represented by the elected managing bodies. It encompasses the conclusions emerging from the different theories of the firm, starting from the classical theory of representation and ending with the transaction costs theory. In the end the issue is examined in the cross-lights of the two main theories with the greatest practical applicability: that of representation and that of the managerial approach. It turns out that the separation of ownership and control differs, depending on the type of the company. The effective leadership in the majority of the cases is carried out by the managers, which may well coincide in person with the owners, especially in the case of tightly held, family based companies. | |||||||