Agency Problems and Corporate Ownership Corporate ownership varies around the world. Historically, individuals have owned the majority of shares in...

Agency Problems and Corporate Ownership Corporate ownership varies around the world. Historically,individuals have owned the majority of shares in public corporations in the United States. In Germany and Japan,however, banks, other large financial institutions, and other companies own most of the stock in public corporations.Do you think agency problems are likely to be more or less severe in Germany and Japan than in the United States?