IDEAS home Printed from https://ideas.repec.org/a/spr/metrik/v20y2010i4p393-417.html
   My bibliography  Save this article

Koalitionsbildungen im Rahmen der Corporate Governance als Anlass für weitere Reformen des unternehmerischen Überwachungssystems

Author

Listed:
  • Patrick Velte
  • Stefan Weber

Abstract

Erklärungsansätze für Koalitionsbildungen im Rahmen der Corporate Governance bieten die traditionellen agencytheoretischen Modelle und Quasi-Renten-Ansätze einerseits und die Organisations- und Stewardship-Theorie andererseits. Während sich die beiden erstgenannten Ansätze ausschließlich auf die Möglichkeit einer Koalitionsbildung zwischen Vorstand und Abschlussprüfer – ggf. erweitert um den Aufsichtsrat – zulasten der Hauptversammlung beziehen, lassen sich die Organisations- und Stewardship-Theorie zur Erklärung einer Kooperation zwischen Aufsichtsrat und Abschlussprüfer zugunsten der Hauptversammlung heranziehen. Unter Zugrundelegung dieser Theorieansätze erfolgt im vorliegenden Beitrag eine Wertung der im Zuge des Bilanzrechtsmodernisierungsgesetzes (BilMoG) implementierten Maßnahmen zur Regulierung des Verhältnisses zwischen Vorstand, Aufsichtsrat und Abschlussprüfer. Im Ergebnis ist festzuhalten, dass der nationale Gesetzgeber punktuell Maßnahmen zur Senkung des Koalitionsrisikos zwischen Vorstand und Abschlussprüfer und zu einer gleichzeitigen Intensivierung der Zusammenarbeit zwischen Aufsichtsrat und Abschlussprüfer ergriffen hat. Zu nennen sind neben der Konkretisierung des Anforderungsprofils an Aufsichtsräte und Prüfungsausschüsse insbesondere die Betonung der Überwachung der Unabhängigkeit des Abschlussprüfers durch den Aufsichtsrat sowie der erweiterten mündlichen und schriftlichen Berichterstattung des Abschlussprüfers über seine Unabhängigkeit. Es ist jedoch gleichzeitig festzustellen, dass insbesondere aus Sicht der Agency-Theorie weiterer normativer Handlungsbedarf nach dem BilMoG besteht. So hat der Vorstand de facto weiterhin die Möglichkeit, Einfluss auf die Prüfungsqualität zu nehmen. Dies kann etwa durch eine Beeinflussung des Aufsichtsrats bei der Abgabe des Vorschlags zur Wahl des Abschlussprüfers und der Erteilung des Prüfungsauftrags, die Vergabe von Nichtprüfungsaufträgen, die vorherige Stellungnahme zum Prüfungsbericht des Abschlussprüfers sowie durch die Nichtaushändigung des Management Letters an den Aufsichtsrat bewirkt werden. Copyright Springer-Verlag 2010

Suggested Citation

  • Patrick Velte & Stefan Weber, 2010. "Koalitionsbildungen im Rahmen der Corporate Governance als Anlass für weitere Reformen des unternehmerischen Überwachungssystems," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 20(4), pages 393-417, March.
    • Handle: RePEc:spr:metrik:v:20:y:2010:i:4:p:393-417
    DOI: 10.1007/s00187-010-0097-0
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s00187-010-0097-0
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s00187-010-0097-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Geoffrey C. Kiel & Gavin J. Nicholson, 2003. "Board Composition and Corporate Performance: how the Australian experience informs contrasting theories of corporate governance," Corporate Governance: An International Review, Wiley Blackwell, vol. 11(3), pages 189-205, July.
    2. Koch, Christopher, 2004. "Behavioral Economics und die Unabhängigkeit des Wirtschaftsprüfers - Ein Forschungsüberblick," Sonderforschungsbereich 504 Publications 04-37, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    3. Patrick Velte, 2010. "Stewardship-Theorie," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 20(3), pages 285-293, April.
    4. Quick, Reiner & Höller, F. & Koprivica, R., 2008. "Prüfungsausschüsse in deutschen Aktiengesellschaften. Eine Analyse der Transparenz der Prüfungsausschuss-Tätigkeiten," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 35705, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    5. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    6. Ross, Stephen A, 1973. "The Economic Theory of Agency: The Principal's Problem," American Economic Review, American Economic Association, vol. 63(2), pages 134-139, May.
    7. Melinda Muth & Lex Donaldson, 1998. "Stewardship Theory and Board Structure: a contingency approach," Corporate Governance: An International Review, Wiley Blackwell, vol. 6(1), pages 5-28, January.
    8. Humphry Hung, 1998. "A typology of the theories of the roles of governing boards," Corporate Governance: An International Review, Wiley Blackwell, vol. 6(2), pages 101-111, April.
    9. Lex Donaldson & James H. Davis, 1991. "Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns," Australian Journal of Management, Australian School of Business, vol. 16(1), pages 49-64, June.
    10. Ettredge, M & Greenberg, R, 1990. "Determinants Of Fee Cutting On Initial Audit Engagements," Journal of Accounting Research, Wiley Blackwell, vol. 28(1), pages 198-210.
    11. Antle, R, 1982. "The Auditor As An Economic Agent," Journal of Accounting Research, Wiley Blackwell, vol. 20(2), pages 503-527.
    12. Mark A. Fox & Robert T. Hamilton, 1994. "Ownership And Diversification: Agency Theory Or Stewardship Theory," Journal of Management Studies, Wiley Blackwell, vol. 31(1), pages 69-81, January.
    13. Clive Lennox, 1999. "Non-audit fees, disclosure and audit quality," European Accounting Review, Taylor & Francis Journals, vol. 8(2), pages 239-252.
    14. DeAngelo, Linda Elizabeth, 1981. "Auditor size and audit quality," Journal of Accounting and Economics, Elsevier, vol. 3(3), pages 183-199, December.
    15. Kraakman, Reiner H, 1986. "Gatekeepers: The Anatomy of a Third-Party Enforcement Strategy," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 2(1), pages 53-104, Spring.
    16. Lex Donaldson & James H. Davis, 1994. "Boards and Company Performance ‐ Research Challenges the Conventional Wisdom," Corporate Governance: An International Review, Wiley Blackwell, vol. 2(3), pages 151-160, July.
    17. Tirole, Jean, 1986. "Hierarchies and Bureaucracies: On the Role of Collusion in Organizations," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 2(2), pages 181-214, Fall.
    18. DeAngelo, Linda Elizabeth, 1981. "Auditor independence, `low balling', and disclosure regulation," Journal of Accounting and Economics, Elsevier, vol. 3(2), pages 113-127, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Afzalur Rashid, 2015. "Revisiting Agency Theory: Evidence of Board Independence and Agency Cost from Bangladesh," Journal of Business Ethics, Springer, vol. 130(1), pages 181-198, August.
    2. Patrick Velte, 2010. "Stewardship-Theorie," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 20(3), pages 285-293, April.
    3. Ghulam Abid & Binish Khan & Zeeshan Rafiq & Alia Ahmed, 2014. "Theoretical Perspectives of Corporate Governance," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 3(4), pages 166-175, December.
    4. Arrunada, Benito & Paz-Ares, Candido, 1997. "Mandatory rotation of company auditors: A critical examination," International Review of Law and Economics, Elsevier, vol. 17(1), pages 31-61, March.
    5. Jens Grigoleit, 2011. "Kapitalmarktreaktionen auf die Ankündigung des Wechsels von Vorstandsvorsitzenden in den Aufsichtsrat bei deutschen Unternehmen," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 21(2), pages 131-157, January.
    6. Peng, Yu-Shu & Fang, Chung-Ping, 2010. "Acquisition experience, board characteristics, and acquisition behavior," Journal of Business Research, Elsevier, vol. 63(5), pages 502-509, May.
    7. Nguyen, Tuan & Locke, Stuart & Reddy, Krishna, 2014. "A dynamic estimation of governance structures and financial performance for Singaporean companies," Economic Modelling, Elsevier, vol. 40(C), pages 1-11.
    8. Patrick Velte & Carl-Christian Freidank, 2015. "The link between in- and external rotation of the auditor and the quality of financial accounting and external audit," European Journal of Law and Economics, Springer, vol. 40(2), pages 225-246, October.
    9. Khaled Elsayed, 2007. "Does CEO Duality Really Affect Corporate Performance?," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(6), pages 1203-1214, November.
    10. Chris Mason & Bob Doherty, 2016. "A Fair Trade-off? Paradoxes in the Governance of Fair-trade Social Enterprises," Journal of Business Ethics, Springer, vol. 136(3), pages 451-469, July.
    11. Rashid Mehmood & Ahmed Imran Hunjra & Muhammad Irfan Chani, 2019. "The Impact of Corporate Diversification and Financial Structure on Firm Performance: Evidence from South Asian Countries," JRFM, MDPI, vol. 12(1), pages 1-17, March.
    12. Christiane Pott & Tobias Tebben & Christoph Watrin, 2014. "The effect of outside directors’ and auditors’ incentives on managers’ ability to manage cash bonuses," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(2), pages 505-540, May.
    13. Hussein Abedi Shamsabadi & Byung-Seong Min & Richard Chung, 2016. "Corporate governance and dividend strategy: lessons from Australia," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 12(5), pages 583-610, October.
    14. Afzalur Rashid, 2016. "Managerial Ownership and Agency Cost: Evidence from Bangladesh," Journal of Business Ethics, Springer, vol. 137(3), pages 609-621, September.
    15. Schottmüller-Einwag, Ute, 2017. "Theoretische Erklärungsansätze für die Entsprechenserklärungen zu Abfindungen für Vorstandsmitglieder [Theoretical explanation approaches for the declarations of conformity regarding severance paym," Discussion Papers of the Institute for Organisational Economics 7/2017, University of Münster, Institute for Organisational Economics.
    16. Tarek Roshdy Gebba & Mohamed Gamal Aboelmaged, 2016. "Corporate Governance of UAE Financial Institutions: A Comparative Study between Conventional and Islamic Banks," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 6(5), pages 1-7.
    17. Adam Esplin & Karim Jamal & Shyam Sunder, 2018. "Demand for and Assessment of Audit Quality in Private Companies," Abacus, Accounting Foundation, University of Sydney, vol. 54(3), pages 319-352, September.
    18. James Routledge & David Morrison, 2012. "Insolvency administration as a strategic response to financial distress," Australian Journal of Management, Australian School of Business, vol. 37(3), pages 441-459, December.
    19. Lippert, Inge, 2008. "Perspektivenverschiebungen in der Corporate Governance: Neuere Ansätze und Studien der Corporate-Governance-Forschung," Discussion Papers, Research Unit: Knowledge, Production Systems and Work SP III 2008-302, WZB Berlin Social Science Center.
    20. Elena Rivo-López & Mónica Villanueva-Villar & Alberto Vaquero-García, 2016. "Family office: a new category in family business research?," Working Papers. Collection C: Family business 1601, Universidade de Vigo, GEN - Governance and Economics research Network.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:metrik:v:20:y:2010:i:4:p:393-417. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.