Agency Problems in Early Chartered Companies: The Case of the Hudson’s Bay Company
研究哈德逊湾公司如何通过雇佣合同、控制系统和社会结构来缓解海外经理的代理问题，对关注跨国企业管理和历史公司治理的读者有参考价值。
The problem of controlling overseas managers confronts all multilocational firms. Historians have argued that because of the extreme time lags in communication, chartered companies were unable to control managerial behavior. We argue that not only did the Hudson’s Bay Company understand the agency problem but also put into operation strategies designed to attenuate opportunistic behavior. The company used employment contracts and control systems and established a social structure compatible with the company’s aims.