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Angel agents: agency theory reconsidered

Miller, Danny - ; Sardais, Cyrille - ;

Agency theory stipulates that executives will use their superior information to exploit owners unless effectively monitored or incentivized to do otherwise: Agents here are held to be opportunists and owners responsible parties. However, sometimes agency theory misses the mark and the reverse holds true. It may be the owners who exploit their firm and compromise its long-term interests, and steward-like agents who use their superior information to benefit a firm and its stakeholders. This analysis provides an inspiring historical example of how that can happen and illustrates some conditions under which one might expect similarly happy circumstances to arise.


Ketersediaan

Call NumberLocationAvailable
AMP2502PSB lt.dasar - Pascasarjana1
PenerbitBriarcliff Manor, NY: Academy of Management 2012
EdisiVol. 25, No. 2, May 2011
SubjekCorporate governance
Agency theory
Stewardship Theory
agent angels
renault case study
stakeholder interests
ISBN/ISSN15589080
KlasifikasiNONE
Deskripsi Fisik8 p.
Info Detail SpesifikAcademy of Management Perspectives
Other Version/RelatedTidak tersedia versi lain
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  • Angel Agents: Agency Theory Reconsidered
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