Agency Theory: An Assessment and Review  

Oleh:

Eisenhard, Kathleen M.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Academy of Management Review vol. 14 no. 1 (Jan. 1989), page 57-74.
Topik: organization theory; extant empirical work; testable propositions
Fulltext: AA11_14_01_Kathleen M. Eisenhardt.pdf (441.77KB)

Isi artikel

Agency theory is an important, yet controversial, theory. This paper reviews agency theory, its contributions to organization theory, and the extant empirical work and develops testable propositions. The conclusions are that agency theory (a) offers unique insight into in- formation systems, outcome uncertainty, incentives, and risk and (b) is an empirically valid perspective, particularly when coupled with complementary perspectives. The principal recommendation is to in- corporate an agency perspective in studies of the many problems having a cooperative structure.

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