Ads
related to: agency theory and corporate governance
Search results
Results From The WOW.Com Content Network
Basic idea of agency theory. The principal–agent problem refers to the conflict in interests and priorities that arises when one person or entity (the "agent") takes actions on behalf of another person or entity (the "principal"). [1] The problem worsens when there is a greater discrepancy of interests and information between the principal ...
Agency cost. An agency cost is an economic concept that refers to the costs associated with the relationship between a "principal" (an organization, person or group of persons), and an "agent". The agent is given powers to make decisions on behalf of the principal. However, the two parties may have different incentives and the agent generally ...
Definitions. "Corporate governance" may be defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions that appear purpose-specific. Writers concerned with regulatory policy in relation ...
The history and theory of multistakeholder governance however departs from these models in four ways. The earlier theories describe how a central institution (be it a business, a project, or a government agency) should engage more formally with related institutions (be it other organizations, institutions, or communities).
Michael Cole Jensen (November 30, 1939 – April 2, 2024) was an American economist who worked in the field of financial economics. From 1967-1988, he was on the University of Rochester's faculty. [1] Between 2000 and 2009 he worked for the Monitor Company Group, [2] a strategy-consulting firm which became "Monitor Deloitte" in 2013.
LC Class. HD2795 .B53 1991. The Modern Corporation and Private Property is a book written by Adolf Berle and Gardiner Means published in 1932 regarding the foundations of United States corporate law. It explores the evolution of big business through a legal and economic lens, and argues that in the modern world those who legally have ownership ...
Multiple principal problem. The multiple principal problem, also known as the common agency problem, the multiple accountabilities problem, or the problem of serving two masters, is an extension of the principal-agent problem that explains problems that can occur when one person or entity acts on behalf of multiple other persons or entities. [1]
In microeconomics, agency theory analyses the relationship between the principal, the party who delegates decision making authority, and the agent, who executes the service. This theory is a key concept used to explore and resolve issues that have arisen within the relationship of agents and principals, which is known as the principal-agent ...