منابع مشابه
Behavioral agency theory: new foundations for theorizing about executive compensation
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متن کامل1 Agency Theory
This note considers the simplest possible organization: one boss (or “Principal”) and one worker (or “Agent”). One of the earliest applications of this Principal-Agent model was to sharecropping, where the landowner was the Principal and the tenant farmer the Agent, but in this course we will typically talk about more familiar organization structures. For example, we might consider a firm’s sha...
متن کاملMulti - Criteria Agency Theory
This paper extends standard agency theoretic models to explicitly take into account the presence of multiple criteria at the agent level. Two possible approaches for this extension are discussed. In the first approach, we consider only the minimum information that the principal might posses about the agent's preferences towards different criteria. It can be shown that, in this context, the prin...
متن کاملAgency Theory: Choice-Based Behavioral Foundations of the Parametrized Distribution Formulation
This paper develops choice-theoretic foundations of the principal’s and agent’s behaviors that underlie the parameterized distribution formulation of agency theory. Both the principal and the agent are subjective expected utility maximizers and their actiondependent subjective probabilities are defined directly on the outcomes. The results are used to interpret and evaluate the common prior ass...
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ژورنال
عنوان ژورنال: Journal of Management
سال: 2012
ISSN: 0149-2063,1557-1211
DOI: 10.1177/0149206312461054