A reexamination of agency theory assumptions: extensions and extrapolations |
| |
| Affiliation: | 1. University of St. Gallen, Research Institute for International Management, Dufourstrasse 40a, CH-9000 St. Gallen, Switzerland;2. Henley Business School, University of Reading, International Business and Strategy, Henley-on-Thames, Oxon RG9 3AU, UK;3. Mays Business School, Department of Management, Texas A&M University, College Station, TX, 77843, USA;1. Department of Accounting, Hong Kong Shue Yan University, Hong Kong, China;2. Department of Accountancy and Law, Hong Kong Baptist University, Hong Kong, China;3. Department of Accountancy, City University of Hong Kong, Hong Kong, China |
| |
| Abstract: | In this paper, we discuss agency theory in the context of the individual principal and agent, and also in the context of the organization and its groups. Agency theory is examined in the context of goal orientation, obligation and reciprocity, risk, and self-interest. We offer propositions given agency theory’s assumptions. We also extend agency theory and offer alternative propositions based on a relaxing of agency theory’s assumptions. In relaxing the assumptions of agency theory, insights from outside the agency literature, specifically from behavioral theories are used. Implications of agency theory and the extension of this theory are also discussed in relation to outcomes associated with economic exchanges. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
