This paper tests the effect of managerial (inside) and block-holders (outside) ownership in relation to agency theory in Malaysian business environment. This study tests the agency relationship in different culture and social contact and provides evidence whether agency theory in non-western organizations have equal impact in Asian organizations. Consistent with agency theory and the convergenc...

Liquidated damages mechanisms have been analyzed from a legal perspective and applied to real-world contracts. Due the lack of application LDs common agency theory, this research explores whether liquidated mechanism can resolve principal–principal conflicts under agency. We combine moral hazard model with non-cooperative dynamic game theory analyze influence on agent principals condition compl...

All federal agencies must cope with the challenges of trying to achieve success on the multiple goals laid out for them by Congress, the President, or the public at large. Recent economics and political science literature provides a theoretical framework that helps explain why agencies might succeed in achieving some goals and fail in achieving others: Agencies will systematically underperform ...

This paper introduces Social Worlds Theory as an alternative perspective on organizational learning. Social Worlds Theory has close resemblance with the practice perspective on organizational learning but contributes to this tradition by focussing on tensions and conflicts as well as processes of segmentation and intersection as a result of different commitments of social worlds to organization...

The short-lived oil price shock at the beginning of the Persian Gulf Crisis created a natural experiment. Oil producers were left with an unexpected, one-time cash flow shock and unchanged investment opportunities. We examine how they spent this free cash flow. Most firms followed an expansionary path, but there is considerable variation in how the cash flow was allocated. Both costly external ...

This study looks at how an information and communication technologies (ICT)-rich environment impacts team conflict and conflict management strategies. A case study research method was used. Three teams, part of a graduate class in instructional design, participated in the study. Data were collected through observations of team meetings, interviews with individual members, plus analysis of elect...