agency theorycontract costscooperationdouble moral hazardincentive mechanismsjoint productionorganizational formsstrategic alliancesSummary Agency theory is an integral part of the theories of the firm. Agency theory acknowledges the separation between owners and managers within a company and reveals a possible...
Companies may seek to minimize disputes between principals and agents through corporate policy. These conflicts may present normally ethical individuals with opportunities formoral hazard. Areas of Dispute Agency theory addresses disputes that arise with a difference in goals or a difference in risk aver...
agency theory代理理论粗略翻译精选.doc,Agency theory has been used by scholars in accounting, economics, finance, marketing, political science, organizational behavior, and sociology. Yet, it is still surrounded by controversy. Its proponents argue that a
1.Risk Preference, Agency Theory and R&D Intensity;风险偏爱、双重代理与R&D投入 5)double agent双面代理 1.This non-endogenous system of self-embedding has turned the village cadres into the"double agent"of the national and autonomous authorities,so that the village cadres face the plight of"double...
1989-Eisenhardt K.-Agency theory_An assessment and review英文资料.pdf,Agency Theory: An Assessment and Review Author(s): Kathleen M. Eisenhardt Source: The Academy of Management Review, Vol. 14, No. 1 (Jan., 1989), pp. 57-74 Published by: Academy of Mana
1.Risk Preference,Agency Theoryand R&D Intensity;风险偏爱、双重代理与R&D投入 5)double agent双面代理 1.This non-endogenous system of self-embedding has turned the village cadres into the"double agent"of the national and autonomous authorities,so that the village cadres face the plight of"double ag...
agency theoryadverse selectionperformance ambiguityinformation asymmetrygoal compatibilityAs outsourcing of services has grown in popularity, agency problems such as adverse selection and moral hazard have become more prevalent, leading to increased contracting costs. In this paper, we focus on how adverse ...
Invoking the parameterized distribution formulation of agency theory, the paper develops axiomatic foundations of the principal's and agent's choice behaviors that are representable by the maximization of the minimum expected utility over action-dependent sets of priors. In the context of this model, ...
3.According to principal-agent theory, the paper analyzes the principal-agent problems in the agro-machinery outsourcing such as moral hazard and incentive mechanism designing owing to the asymmetric information, and gives the model ofprincipal-agent relationshipbetween the outsourcer and the agricultural...
1. The analysis of agency risk in agency-principal system of the state-owned enterprises based on the game theory; 国企委托代理中代理风险的博弈分析2. In this paper,the agency risk and stimulating problems in public high schools as non-profit organizations were analyzed in detail for promoting...