Abstract
The importance of foreign capital in firms operating in infrastructure sectors (railways or energy, for instance), the geographic distance between the sources of
this capital and the location of operations introduce problems of agency as a critical factor in the governance in these firms. Free-standing companies had been a usual
response to these agency costs. In this paper, one tries to evaluate how other type of companies deal with this issue and how it affects not only formal governance
structure and rules, but mostly informal governance practices.
this capital and the location of operations introduce problems of agency as a critical factor in the governance in these firms. Free-standing companies had been a usual
response to these agency costs. In this paper, one tries to evaluate how other type of companies deal with this issue and how it affects not only formal governance
structure and rules, but mostly informal governance practices.
| Original language | English |
|---|---|
| Pages (from-to) | 142-161 |
| Number of pages | 20 |
| Journal | TST. Transportes, Servicios y Telecomunicaciones |
| Volume | 14 |
| Publication status | Published - 2008 |
Keywords
- business history
- Water supply
- Gas
- Electricity
- Lisbon
- Foreign investment