Monotowns: A New Take on the Old Problem
... vulnerability and systematize stakeholders’ risks. The authors then posit that a study of monotown- related issues would be incomplete without accounting for stakeholders’ interests and relations. Monotown problems become apparent in the context of institutional agreements carried out with high transition costs and increased risks of opportunistic behaviour encountered by the institutional agreement stakeholders. Solving these problems through the methods proposed in the article would help to identify a wider ...
Monotowns: A Quantitative Analysis
28. Ronen, J., Yaari, V. 2007, Demand for the truth in principal-agent relationships, Review of accounting studies, T. 12, Vol. 1, p. 125—153.
Shastitko A., Fatikhova A.
monotown, single industry town, institutional agreement, cluster analysis, information asymmetry