What is it about?

The scholars argue that agency theory has some limitations as the sustaining theory of governance. Moreover, it's has been the inability to distinguish the wider stakeholder influencing forces effecting on organizations. This paper delivers a concise picture for incorporating as the amount of management-based theories to supplement agency theory in distinguishing the wider stakeholder influencing forces as well as the consequential extended governance standard it creates.

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Why is it important?

For developing the theory-building approach it has reviewed and critically examined the existing literature. Furthermore, a circumstance is built to assimilate four existing theories that supplement each other to distinguish the wider stakeholder influencing forces


This paper has critically reviewed the extant literature on concerns surrounding the theoretical foundations of corporate governance. The core of these concerns is the on-going literature that agency theory has limitations in its role as the sole underlying theory of corporate governance.

Mr. Md Suliman Hossin
University of Kuala Lumpur

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This page is a summary of: Microfinance Governance: A Multi-Theoretical Approach for Ascertaining the Wider Stakeholder Influencing Forces, Asian Academy of Management Journal, January 2019, Penerbit Universiti Sains Malaysia,
DOI: 10.21315/aamj2019.24.s1.14.
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