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Agency theory predicts that the Chief Executive Officer (CEO) and the chairman positions should be held by different individuals in order to protect shareholder’s interest. Though there are mixed evidences on CEO duality and firm performance, most research have found that there is negative relationship between CEO duality and firm performance. Although, in the last decades of the twentieth century, agency theory became the dominant force in the theoretical understanding of corporate governance, it does not however cover all aspects of corporate governance. This paper aims to explore whether it is better to combine various theories in order to describe effective and good corporate governance or theorizing corporate governance based on one theory only. This will cover corporate governance theories which include agency theory, stakeholder theory, stewardship theory, and institutional theory.
The study was conducted to explore aggression in boys and girls as related to their academic achievement and residential background in Bangladesh. Stratified random sampling technique was used and total 80 respondents constituted the sample of the study. They were equally divided into boys and girls. Each group was again equally divided into high and low grade. Each subgroup was again equally divided into urban and rural residential background. Thus the study used a 2 × 2 × 2 factorial design consisting of two levels of gender (boy/girl), two levels of academic achievement (high grade/low grade) and two levels of residential background (urban/rural). The Bengali version of measure of aggressive behavior (Rahman, A. K. M. R., 2003) originally developed by Buss and Perry (1992) was used for the collection of data. It was found that regardless of gender, boys expressed more aggression than girls. Similarly, regardless of academic achievement, students with high academic grade will show more aggressive behavior than low academic grade students. Finally, students of urban areas will not show significantly more aggressive behavior than rural areas students. Thus the differential treatment in gender, academic achievement and residential background provides a new dimension in understanding aggression in rural and urban boys and girls.