The core issue of this research paper is understanding the place of a board comprised of solely or majority independent directors in agency problem solution. The research reveals the essence of agency problem and agency ...

Since the end of the 80’s, Armenia has been falling into a deeper and deeper economic crisis. The reasons are many and include: the disrupted traditional economic ties with the republics of former USSR, the blockade imposed ...

At present, Armenia is emerging from a period of considerable economic problems caused by natural disaster in 1988, and social and political upheavals entailing the collapse of the Soviet Union, severe war in Nagorno-Karabakh ...