Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Towards an improved understanding of how multi-national corporations manage agency conflicts : the case of ArvinMeritor, Inc.
Bibliography: leaves 96-98.
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Finance and Tax
2014
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613274167574528 |
|---|---|
| access_status_str | Open Access |
| author | Burton, Allan Wayne |
| author2 | Uliana, Enrico |
| author_browse | Burton, Allan Wayne Uliana, Enrico |
| author_facet | Uliana, Enrico Burton, Allan Wayne |
| author_sort | Burton, Allan Wayne |
| collection | Thesis |
| description | Bibliography: leaves 96-98. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/10271 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:33:31.121Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/10271 Towards an improved understanding of how multi-national corporations manage agency conflicts : the case of ArvinMeritor, Inc. Burton, Allan Wayne Uliana, Enrico Financial Management Bibliography: leaves 96-98. Agency theory suggests that separating the ownership and control of a firm results in areas of conflict between the owners and controllers. This defines the firm as a nexus of contracts between various stakeholders with conflicting objectives. Management's task is to align the stakeholders and their objectives, so that actions taken maximise shareholder wealth and minimise the loss that residual claimants incur. These losses arise from inappropriate management decisions, and the costs incurred by owners to prevent such decision being taken. This situation is intensified for multi-national corporations, in that there are conflict areas related to geographical separation, cultural differences, varying levels of economic developlment, different accounting standards, exchange rae fluctuations and specific financial and operating risks. Despite this, mulit-national corporations continue to invest in a variety of countries and developing economies. This dissertation attempts to improve understanding of how these corporations manage the agency conflicts in such scenarios, and in so doing, achieve shareholder value. Given the limited scope of this research, the objective is to analyse the phenomenon of agency conflict in an appropriate real life context, and in so doing, propose answers to the research question. The research can be viewed as a pilot study or precursor to further research. 2014-12-27T14:18:49Z 2014-12-27T14:18:49Z 2003 Master Thesis Masters MCom http://hdl.handle.net/11427/10271 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Burton, Allan Wayne Towards an improved understanding of how multi-national corporations manage agency conflicts : the case of ArvinMeritor, Inc. |
| thesis_degree_str | Master's |
| title | Towards an improved understanding of how multi-national corporations manage agency conflicts : the case of ArvinMeritor, Inc. |
| title_full | Towards an improved understanding of how multi-national corporations manage agency conflicts : the case of ArvinMeritor, Inc. |
| title_fullStr | Towards an improved understanding of how multi-national corporations manage agency conflicts : the case of ArvinMeritor, Inc. |
| title_full_unstemmed | Towards an improved understanding of how multi-national corporations manage agency conflicts : the case of ArvinMeritor, Inc. |
| title_short | Towards an improved understanding of how multi-national corporations manage agency conflicts : the case of ArvinMeritor, Inc. |
| title_sort | towards an improved understanding of how multi national corporations manage agency conflicts the case of arvinmeritor inc |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/10271 |
| work_keys_str_mv | AT burtonallanwayne towardsanimprovedunderstandingofhowmultinationalcorporationsmanageagencyconflictsthecaseofarvinmeritorinc |