How Do Agency Theory, Stewardship Theory and Intellectual Capital as a Solution for Agency Conflict?
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چکیده
منابع مشابه
3 Stewardship Theory or Agency Theory : CEO Governance and Shareholder Returns
Agency theory argues that shareholder interests require protection by separation of incumbency of rôles of board chair and CEO. Stewardship theory argues shareholder interests are maximised by shared incumbency of these rôles. Results of an empirical test fail to support agency theory and provide some support for stewardship theory.
متن کامل3 Stewardship Theory or Agency Theory : CEO Governance and Shareholder Returns by Lex Donaldson †
Agency theory argues that shareholder interests require protection by separation of incumbency of rôles of board chair and CEO. Stewardship theory argues shareholder interests are maximised by shared incumbency of these rôles. Results of an empirical test fail to support agency theory and provide some support for stewardship theory.
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...
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ژورنال
عنوان ژورنال: Journal of Management Research
سال: 2018
ISSN: 1941-899X
DOI: 10.5296/jmr.v10i2.12843