A Synthesis of Agency and Managerial Power Theories and Its Applications to Corporate Governance, Management Compensation, and Firm Performance

现有的基于代理理论的经济学和金融学公司治理模型并不能成功地描述所有的现代公司。因此，用一种新的、严谨的方法来研究公司治理的重要性再怎么强调也不为过。该项目将提供公司治理的综合理论，并有望产生最高质量的研究成果，可在顶级期刊上发表。除其他外，这将提高澳大利亚作为一个知识国家的地位。该项目也有望为澳大利亚和国外关于如何改善公司治理和管理薪酬监管的讨论做出贡献。

The existing models of corporate governance in economics and finance based on agency theory do not successfully portray all modern corporations. Thus the importance of a new and rigorous way to study corporate governance can be hardly exaggerated. This project will provide a synthesized theory of corporate governance and is expected to produce highest-quality research publishable in top-tier journals. This will, among others, enhance Australia's standing as a knowledge nation. This project is also expected to contribute to the discussions on how to improve corporate governance and regulation of management compensation both in Australia and abroad.