Open AccessSPECIFICATION OF CORPORATE CONFLICTS IN THE CONTEXT OF THE "AGENCY THEORY"
Author(s) -
Irina Mishurova,
Елена Панфилова,
Olha Nesterova
Publication year - 2020
Publication title -
russian journal of management
Language(s) - English
Resource type - Journals
eISSN - 2500-1469
pISSN - 2409-6024
DOI - 10.29039/2409-6024-2020-8-2-36-40
Subject(s) - shareholder , principal–agent problem , agency (philosophy) , context (archaeology) , business , principal (computer security) , adaptability , accounting , corporate governance , public relations , knowledge management , economics , management , political science , computer science , sociology , finance , biology , operating system , paleontology , social science
The article describes the specification of corporate conflicts from the position of the classic line of agency problem within the framework of the "Principal- Agent" model, and in the new line of agency model "Principal - Principal" between majority shareholders and minority shareholders, including shareholder interactions with stakeholders under the Principal-Stakeholders model and board interactions with stakeholders through Agent-Stakeholders, and interactions between company management, mid-level managers and employees within the Agency-Agent model, which makes it possible to classify different characteristics of corporate conflicts. The article clarifies the content and functional specifics of corporate conflicts (gnoseological function, diagnostic, procedural, preventive, predictive), which allows you to systematize the essential characteristics of corporate conflicts and determine the adaptability of the application of various methods and methods of their management taking into account the main stages of the life cycle of corporate conflicts (stage of emergence, development and completion).