AbstractThis article intends to review the theoretical aspects and current research on agency theory. It aims explore main ideas, problems, issues related theory through a survey of literature. Agency is caused by relationships information asymmetry which causes problems costs. This not only categorizes into six categories representing various concepts but also solutions offered over last five ...

This paper focuses on different avenues of corporate social responsibility as alternative methods for alleviating agency problems between shareholders and bondholders. Specifically, the paper documents the relationship between capital structure (leverage) and corporate social responsibility. Using agency theory, a positive causal relationship is shown between leverage and certain corporate soci...

Production coordination is a common phenomenon in supply chains. Unlike the existing literature, we examine the production coordination problem from the perspective of asymmetric information: how a manufacturer (leading firm) coordinates the relationships with its subsidiary firm(s) and, subsequently, how market returns influence the leading firm's expected utilities, agency cost and the subsid...

plotinus' attempt to counter the aristotle critiques on plato's theory of ideas, leads to his theory of emanation, which is called double act doctrine. plotinus is influenced by aristotle, not only in raising the problem of emanation quality, but the language and terms (including reasonable matter, indefinite dyad and activity) that are used to describe his theory. also, the theory of...

This paper examined the non-tradable share reform affects ownership structure and figure out how the mechanism relationship between two types of equity agency cost changes. In order to achieve the result, data from listed company is used to analyze the changes of relationship between ownership structure and equity agency cost after non-tradable share reform. The results of the research show non...

Apa yang menjadi motif perusahaan terlibat dalam tax avoidance? Literatur menjelaskan terdapat dua argumentasi mengapa avoidance (TA). Pertama, keterlibatan terhadap karena menghemat dana. Kedua, untuk mengelola konflik keagenan (conflict of interest). Studi ini berargumen bahwa berasal dari keagenan, manajer cenderung memanipulasi teks laporan tahunan menutupi demi kepentingan pribadi mereka. ...

** Associate Professor, University of Maryland; National Fellow, Hoover Institution, Stanford University. We are grateful to Ron Gilson, Joe Grundfest, Alan Schwartz, and Eric Talley for helpful comments. Todd Cleary provided excellent research assistance. The support of the John M. Olin Program in Law and Economics at Stanford Law School and The Roberts Center for Law, Business, and Corporate ...