THE INFORMATION ASYMMETRY ASPECT OF AGENCY THEORY IN BUSINESS COMPLIANCE CONTEXTS: A SYSTEMATIC REVIEW

  • Omar Abdel Omar UFSC
  • Denilson Sell
  • Aires José Rover

Abstract

The information asymmetry aspect of agency theory constitutes a relevant risk and hinders principal-agent relationships. Business compliance implementations, therefore, must address the information asymmetry aspect. This article summarizes the existing literature concerning information asymmetry, agency theory and compliance through a systematic literature review in the Web of Science and Scopus databases. A broad set of applicable domains was identified, with varied approaches to tackle information asymmetry and mixed results. Firms with successful compliance implementations, and those who implement compliance beyond obligatory regulation achieve higher levels of performance. The systematic review also indicates promising research opportunities addressing the convergence of knowledge engineering artefacts, possibilities and knowledge management tools towards business compliance and the information asymmetry of the principal-agent problem.

Published
2017-09-27
How to Cite
OMAR, Omar Abdel; SELL, Denilson; ROVER, Aires José. THE INFORMATION ASYMMETRY ASPECT OF AGENCY THEORY IN BUSINESS COMPLIANCE CONTEXTS: A SYSTEMATIC REVIEW. International Congress of Knowledge and Innovation - Ciki, [S.l.], v. 1, n. 1, sep. 2017. ISSN 2318-5376. Available at: <http://proceeding.ciki.ufsc.br/index.php/ciki/article/view/305>. Date accessed: 26 june 2019.