BLOCKCHAIN SOLUTIONS FOR AGENCY PROBLEMS IN CORPORATE GOVERNANCE

ECONOMIC INFORMATION TO FACILITATE DECISION MAKING, EDITED BOOK, EDITOR- KASHI R. BALACHANDRAN, WORLD SCIENTIFIC PUBLISHERS (2019).

26 Pages Posted:

Wulf A. Kaal

University of St. Thomas, Minnesota – School of Law

Date Written: April 17, 2019

Abstract

As a foundational technology, blockchain technology creates the infrastructure for decentralized networked governance that, over time, creates the environment that enables the removal of internal and external monitoring mechanisms previously necessitated by agency problems in corporate governance. Blockchain technology facilitates a substantial increase in efficiency in the agency relationship and lowers agency costs in orders of magnitude.

Keywords: Agency, Principal-Agent, Blockchain, Technology, Agency Cost, Monitoring, Corporate Governance

JEL Classification: K20, K23, K32, L43, L5, O31, O32

Kaal, Wulf A., BLOCKCHAIN SOLUTIONS FOR AGENCY PROBLEMS IN CORPORATE GOVERNANCE (April 17, 2019). ECONOMIC INFORMATION TO FACILITATE DECISION MAKING, EDITED BOOK, EDITOR- KASHI R. BALACHANDRAN, WORLD SCIENTIFIC PUBLISHERS (2019). Available at SSRN: https://ssrn.com/abstract=

Published by Wulf Kaal - Professor, Book Author, Consultant

Professor Wulf A. Kaal is a professor of law and a leading authority on emerging decentralized technology. He authored over 100 articles and several books.

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