Agency theory and performance appraisal: How bad theory damages learning and contributes to bad management practice

Agency theory and performance appraisal: how bad theory damages learning and contributes to bad management practice

Bad Theory, Bad Practice: Bad Ethics

A profession that claims to understand economies, and that has gained power over the greater part of our societies, has big responsibilities. The fundamental responsibility is to ensure its perception of economies gives some useful guidance to the behaviour of real economies. Here mainstream economics fails utterly, and has been failing for a long time. Worse, it actively resists alternative vi...

The good, the bad and the 'not so bad': reflecting on moral appraisal in practice.

The aim of this study is to facilitate reflection on the moral merit of practitioners in various contexts. Insight is gained from Aristotelian and Kantian accounts of moral character and an original framework for reflection is presented as an adjunct to ethical theory and principles considered when appraising others. In relation to states of character, there is an irreconcilable difference betw...

How bad is selfish routing in practice?

Routing games are one of the most successful domains of application of game theory. It is well understood that simple dynamics converge to equilibria, whose performance is nearly optimal regardless of the size of the network or the number of agents. These strong theoretical assertions prompt a natural question: How well do these pen-and-paper calculations agree with the reality of everyday traf...

According to Agency Theory and Neoclassical Theory; New Ownership and Diversity of Public Sector Companies in Corporate Life Cycle

The purpose of this study is investigating and determining rate of seizing assets and acquisition other companies by public sector companies. We estimate this rate at various stages of the life cycle of the company. Therefore, according to their size and age, the companies have been divided into small, large, young, and mature groups, and for this purpose, we have collected data from a sample o...