Cardozo Journal of International and Comparative Law
Abstract
The article examines the differing approaches to addressing corporate agency costs in the United States and Israel, highlighting how each country's legal frameworks and market mechanisms respond to distinct agency problems. In the U.S., the "management problem" arises from the separation of ownership and control, whereas Israel faces the "control problem" due to the concentration of ownership. The analysis underscores how the prevalence of these issues influences the adoption of voluntary vs. mandatory solutions.
Disciplines
Commercial Law | Comparative and Foreign Law | Law | Law and Economics
Recommended Citation
Zohar Goshen,
Controlling Corporate Agency Costs: A United States-Israeli Comparative View,
6
Cardozo J. Int'l & Comp. L.
99
(1998).
Available at:
https://larc.cardozo.yu.edu/cjicl/vol6/iss1/5