Mitnick, Barry. 1975. "The Theory of Agency: The Policy "Paradox' and Regulatory Behavior," 24 Public Choice 27-47. . 1980. Political-economy of regulation. New York: Columbia University Press.Mitnick, B. M. (1975) `The theory of agency', Public Choice, 24(1), 27-42....
The economic theory of agency- The principal's problem
内容提示: The Economic Theory of Agency: The Principal's Problem By STEPHEN A. Ross* The relationship of agency is one of the oldest and commonest codified modes of social interaction. We will say that an agency relationship has arisen between two (or more) parties when one, designated as...
19 The Economic Theory of Agency The Principal_s Problem
This paper integrates elements from the theory of agency, the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We define the concept of agency costs, show its relationship to the ‘separation and control’ ...
aStephen A. Ross, The Economic Theory of Agency: The Principal's Problem, in Papers and Proceedings of the Eighty-Fifth Annual Meeting of the American Economics Association, 63 Am. Econ. Rev. 134-39 (1973) 斯蒂芬A。 罗斯,代办处的经济理论: 校长的问题,在美国经济协会的第八十五次年会的文件和...
3.The goals of financial management.4.The formation and resolution of agency problems.本章重点与难点1.企业的三种组织形式及各自的优缺点。2.公司金融要解决的三个主要问题。3.公司金融的目标。4.代理问题的形成及解决。Self-Test QuestionsⅠ.True(T) or False(F) Questions1.Compared with sole ...
This paper integrates elements from the theory of agency, the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We define the concept of agency costs, show its relationship to the ‘separation and control’ issue, investigate the ...
Jensen Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure Michael C. Jensen Harvard Business School and William H. Meckling* University of Rochester 1. Introduction 1.1. Motivation of the Paper In this paper we draw on recent progress in the theory of (1) property ...
Agency Problems, Auditing, and the Theory of the Firm: Some Evidence This paper examines the history of auditing in the U.K. and the U.S. to test whether audits of companies arose as the consequence of governmental regulatio... RL Watts,J Zimmerman,JL Zimmerman - 《Journal of Law & ...