Agency Theory and Control Strategy
Author | : J. M. McInnes |
Publisher | : |
Total Pages | : 42 |
Release | : 1985 |
Genre | : |
ISBN | : |
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Author | : J. M. McInnes |
Publisher | : |
Total Pages | : 42 |
Release | : 1985 |
Genre | : |
ISBN | : |
Author | : J. M. McInnes |
Publisher | : Forgotten Books |
Total Pages | : 52 |
Release | : 2018-02-21 |
Genre | : Business & Economics |
ISBN | : 9780666083883 |
Excerpt from Agency Theory and Control Strategy: A Field Study In conditions of uncertainty the agent must inevitably bear some risk. This is so because partial signals of effort may be used to deduce and compensate the effort supplied: alternatively. Output. Which is determined by factors other than simply the agent's level of effort, may be measured and used as the basis of an incentive contract. Since the agent is risk averse, the expected mean level of compensation must exceed the pure market rate for effort by a risk premium. At equilibrium the premium will exactly equal the agent's disutility for the riskiness of the situation. This equilibrium is called the second-best solution; that is to say. The solution which efficiently compensates the agent for both effort and risk. In this circumstance, the residual accruing to the principal comprises the output of the firm. Less the effort and risk compensation to the agent and monitoring costs. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author | : Mcinnes M |
Publisher | : Hardpress Publishing |
Total Pages | : 62 |
Release | : 2013-12 |
Genre | : |
ISBN | : 9781314642490 |
Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.
Author | : J. M. Mcinnes |
Publisher | : Nabu Press |
Total Pages | : 56 |
Release | : 2013-10 |
Genre | : |
ISBN | : 9781289791421 |
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
Author | : Günter Bamberg |
Publisher | : Springer Science & Business Media |
Total Pages | : 538 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642750605 |
Agency Theory is a new branch of economics which focusses on the roles of information and of incentives when individuals cooperate with respect to the utilisation of resources. Basic approaches are coming from microeco nomic theory as well as from risk analysis. Among the broad variety of ap plications are: the many designs of contractual arrangements, organiza tions, and institutions as well as the manifold aspects of the separation of ownership and control so fundamental for business finance. After some twenty years of intensive research in the field of information economics it might be timely to present the most basic issues, questions, models, and applications. This volume Agency Theory, Information, and Incentives offers introductory surveys as well as results of individual rese arch that seem to shape that field of information economics appropriately. Some 30 authors were invited to present their subjects in such a way that students could easily become acquainted with the main ideas of informa tion economics. So the aim of Agency Theory, Information, and Incentives is to introduce students at an intermediate level and to accompany their work in classes on microeconomics, information economics, organization, management theory, and business finance. The topics selected form the eight sections of the book: 1. Agency Theory and Risk Sharing 2. Information and Incentives 3. Capital Markets and Moral Hazard 4. Financial Contracting and Dividends 5. External Accounting and Auditing 6. Coordination in Groups 7. Property Rights and Fairness 8. Agency Costs.
Author | : Paul Collier |
Publisher | : Elsevier |
Total Pages | : 580 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 0750667168 |
The 2006 edition of CIMA's Official Study Systems have been updated to reflect changes in the syllabus. Risk and Control Strategy has been written by the examiners to fully reflect what could be tested in the exam. Updated to incorporate legislative and syllabus changes, the 2006 Study Systems provide complete study material for the May and November 2006 exams. The new edition maintains the popular loose-leaf format and contains: practice questions throughout; complete revision section; topic summaries; recommended reading articles from a range of journals; pilot paper
Author | : Jan-Erik Lane |
Publisher | : Routledge |
Total Pages | : 305 |
Release | : 2006-08-21 |
Genre | : Political Science |
ISBN | : 1134199961 |
A perspective on the public sector that presents a concise and comprehensive analysis of exactly what it is and how it operates. Governments in any society deliver a large number of services and goods to their populations. To get the job done, they need public management in order to steer resources – employees, money and laws – into policy outputs and outcomes. In well-ordered societies the teams who work for the state work under a rule-of-law framework, known as public administration. This book covers the key issues of: the principal-agent framework and the public sector public principals and their agents the economic reasons of government public organization, incentives and rationality in government the essence of public administration: legality and the rule of law public policy criteria: the Cambridge and Chicago positions public teams and private teams public firms public insurance public management policy Public Administration & Public Management is essential reading for those with professional and research interests in public administration and public management.
Author | : Theresa M. Welbourne |
Publisher | : |
Total Pages | : 44 |
Release | : 1996 |
Genre | : Business planning |
ISBN | : |
Author | : Jeroen Huisman |
Publisher | : Springer |
Total Pages | : 869 |
Release | : 2016-04-29 |
Genre | : Education |
ISBN | : 1137456175 |
This state-of-the-art reference collection addresses the major themes, theories and key concepts related to higher education policy and governance on an international scale in one accessible volume. Mapping the field and showcasing current research and theorizations from diverse perspectives and authoritative scholars, this essential guide will assist readers in navigating the myriad concepts and themes involved in higher education policy and governance research and practice. Split into two sections, the first explores a range of policy concepts, theories and methods including governance models, policy instruments, institutionalism and organizational change, new public management and multi-level governance. The second section addresses salient themes such as institutional governance, funding, quality, employability, accountability, university rankings, widening participation, gender, inequalities, technology, student involvement and the role of higher education in society. Global in its perspective and definitive in content, this one-stop volume will be an indispensable reference resource for a wide range of academics, students and researchers in the fields of education, education policy, sociology, social and public policy, political science and for leadership.
Author | : Lex Donaldson |
Publisher | : |
Total Pages | : 25 |
Release | : 1990 |
Genre | : Group decision making |
ISBN | : 9781862740747 |