Mitigating Agency Conflicts with DAOs
Decentralized Autonomous Organizations (DAOs) introduce a novel approach to Corporate Gov-ernance with the potential to alleviate longstanding agency conflicts while enhancing transpar-ency, accountability, and efficiency. This Master’s thesis delves into the unique characteristics of DAOs, such as decentralization, transparency, consensus-based decision-making, and their capacity to mitigate agency conflicts within corporate structures. The research reveals the trans-formative potential of DAOs in revolutionizing Corporate Governance by aligning stakeholder interests, reducing opportunistic behavior, and automating rule enforcement.
The cornerstone of this research is the development and evaluation of a comprehensive con-ceptual model for designing DAO governance systems that address agency conflicts. Developed and assessed through Design Science Research, this model is structured into four tiers: Key Char-acteristics, Governance Dimensions, Indicators, and Agency Conflicts. The model incorporates additional elements such as Advantages, Best Practices, and Design Options, providing a holistic understanding of DAOs. The model's practicality and usability are enhanced by quantifiable in-dicators, which reflect the effectiveness of governance dimensions in mitigating agency con-flicts. This conceptual model serves as a valuable guide for organizations considering the adoption of decentralized governance structures, contributing to the evolution of Corporate Governance in the era of decentralization.
Lehner, Robin, 2023
Art der Arbeit Master Thesis
Betreuende Dozierende Schneider, Bettina, Misyura, Ilya
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Studiengang: Business Information Systems (Master)