Agency Theory Essays(Examples)
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Agency Theory
Introduction
agency theory is a theory explicating the relationship between the shareholders, who act as the principals, and the managers, who act as the agents. Within this relationship, the … have any direct shares in the financial results of the company (Tearney and Dodd, 2009).
As a result, this could give rise to agency problems for the reason that this theory encompasses the costs incurred in solving conflicts between the company principals and agents and ensuring that the interests of these two parties are … are in alignment (Ballwieser et al., 2012).
The purpose of this paper is to carry out an independent review of the literature on agency theory as it applies to decision-making in accounting, describing and explaining three important ways in which agency theory might impact decisions made in a company in relation to the recording and presentation of financial information.
agency theory & Decision-Making in Accounting……
References
References
Ballwieser, W., Bamberg, G., Beckmann, M. J., Bester, H., Blickle, M., Ewert, R., ... & Gaynor, M. (2012). Agency theory, information, and incentives. Springer Science & Business Media.
Bou?ková, M. (2015). Management accounting and agency theory. Procedia Economics and Finance, 25, 5-13.
Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of management review, 14(1), 57-74.
Healy, P. M. (2005). Financial Reporting Problems at Molex, Inc.(A). Harvard Business School.
Larcker, D. F., & Tayan, B. (2007). Executive Compensation at Nabors Industries: Too Much, Too Little, or Just Right?. Rock Center for Corporate Governance at Stanford University Case Teaching No. CG-05.
Mitnick, B. M. (2015). Agency theory. Wiley encyclopedia of management, 1-6.
Scott, W. R., & O\\\\\\'Brien, P. C. (2003). Financial accounting theory (Vol. 3). Toronto: Prentice Hall.
Tearney, M. G., & Dodd, J. (2009). Accounting theory. H. I. Wolk (Ed.). New York: Sage.
Study Document
Agency Theory And The Limitations Of Representative Government
… benefit them, their political career and their political cronies. This paper will discuss the political nature of the federal budget process.
Politics and agency theory
The political nature of the federal budget process is tied to the political nature of government in general. The budget itself is a … to be found. The problem with the federal budget process is that it is overseen by individuals who suffer from the agent-principle paradox.
agency theory posits that “an agency relationship arises whenever one or more individuals, called principals, hire one or more other individuals, called agents, to perform some service and then delegate … comes once only every few years. In short, there is little accountability in the political nature of the federal budget process because the agency owed to voters is not well-regulated in government. Representatives have far more leeway to act on their behalf or on the behalf of ……
References
References
Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of management review, 14(1), 57-74.
Elwood, T. W. (2008). Politics of the US Federal Budget Process. International quarterly of community health education, 28(1), 3-12.
Jennings, M. (2008). Business Ethics: Case Studies and Selected Readings. Cengage.
Machold, S., Ahmed, P.K., & Farquhar, S.S. (2007). Corporate Governance and Ethics: A Feminist Perspective. Journal of Business Ethics (2008) 81:665-678.
ProActive Solutions. (2020). Agency theory. Retrieved from http://knowledgegrab.com/learners-zone/study-support/performance-management-review/framework-introduction-to-hrm/agency-theory/
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Impact Of Agency Theory
agency theory
agency theory refers to the relationship with the principle and the agent, where the principle delegates its financial decision making to the agent. In most … of interest arises sometimes where the agent puts his interest before the principle’s causing problems to the principle sometimes. This is known as Principle-agency Problem. It has long affected the key decisions related to the firm where the agent and principle both have asymmetric interest, causing any … the agent and principle both have asymmetric interest, causing any one party to suffer at an extreme case.
To remove the problem, the theory states that the goals of managers and the shareholders should be aligned and certain frameworks and practices should be adopted to overlook the … too (Kuypers, 2011). However, in most cases it is argued that the goals can never be fully aligned in the real world, creating agency problem (Kuypers,……
References
References
Demsetz, R. S. (1997). Agency Problems and Risk Taking at Banks.
Heath, J. (n.d.). Uses and Abuses of Agency Theory. Business Ethics Quarterly.
Kuypers, A. (2011). How is dealt with the agency problem and what is the role of the board of directors in it?
Lumen. (n.d.). Agency and Conflicts of Interests. Lumen. Retrieved from https://courses.lumenlearning.com/boundless-finance/chapter/agency-and-conflicts-of-interest/
Murray, I. (2016, September ). Wells Fargo and the Principle Agent Problem. Competitive Enterprise Institute.
Palia, D. (2007). “Agency Theory in Banking: An Empirical Analysis of Moral Hazard and the Agency Costs of Equity. Banks and Banks System.
Pennsylvania, W. U. (2017, August 08). Wells Fargo: What It Will Take to Clean Up the Mess. Wharton University of Pensylvannia.
Study Document
Dorothea Orem S Self Care Deficit Theory
My specialty area of NP practice is family nurse practitioner. My choice of nursing theory on this front is the Dorothea Orem’s self-care deficit theory. To a large extent, this happens to be one of the most popular nursing theories owing to its succinct description of some concepts … of the most popular nursing theories owing to its succinct description of some concepts of great relevance to nursing practice. In essence, the theory advances the need for individuals as well as families to further their health and wellbeing by embracing the various practices associated with not … its basic format, self-care - as White (2013) notes - incorporates the patient in his wholeness (i.e. emotionally, mentally, and physically).
The self-care theory was first introduced by Orem in the 1960s. It was, however, not until 1971 that Orem outlined the theory in one of her published works titled, Nursing: Concepts and……
References
References
Asadi, P., Ahmadi, S., Abdi, A., Shareef, O.H., Mahamadyari, T. Miri, J. (2019). Relationship between self-care behaviors and quality of life in patients with heart failure. Heliyon, 5(9), 71-83.
Blum, C.A. (2014). Practicing Self-Care for Nurses: A Nursing Program Initiative. Journal of Issues in Nursing, 19(3), 40-47.
Fawcett, J. (2016). Applying Conceptual Models of Nursing: Quality Improvement, Research, and Practice. Mason, OH: Cengage Learning.
Gross, R. Kinnison, N. (2017). Psychology for Nurses and Health Professionals (2nd ed.). New York, NY: CRC Press.
McFarland, M.R. Wehbe-Alamah, H.B. (2018). Leininger\\\\\\'s Transcultural Nursing: Concepts, Theories, Research & Practice (4th ed.). New York, NY: McGraw Hill Professional.
Stein-Parbury, J. (2017). Patient and Person: Interpersonal Skills in Nursing (6th ed.). New York, NY: Elsevier Health Sciences.
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Maslow S Hierarchy Of Needs Model And Its Application In Human Resources
… asking for referrals, it may better obtain a diverse staff by asking employees for leads (Ranade, 2020). This paper will examine the findings, theory to apply, and a case example to illustrate why referral-referee relationships matter when it comes ensuring equitability in the workplace and why using … deliberately asking for diverse referrals or even for leads instead of referrals can help reduce the risk of non-diverse hires.
Research Findings
The theory used to assess the findings for this research was agency theory, which is used to explain the relationship between agents and principles. The theory helps one to understand the limitations of this relationship as well as the function of trust within the relationship. For HR to be … mindful of the manner in which referrals from employees, if followed blindly, can be detrimental to the workplace it is helpful to understand agency theory. Additionally, Maslow’s hierarchy of……
References
Bibliography
Bussin, M., & Christos, D. (2018). Blind hiring not as crazy as it sounds. HR Future, 2018(Sep 2018), 36-39.
CBS News (2017). Retrieved from http://www.cbsnews.com/videos/meet-bozoma-saint-john-the-woman-tasked-with-fixing-ubers-image/ " target="_blank" REL="NOFOLLOW">
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How To Use Employee Referrals To Increase Workforce But Still Be
… asking for referrals, it may better obtain a diverse staff by asking employees for leads (Ranade, 2020). This paper will examine the findings, theory to apply, and a case example to illustrate why referral-referee relationships matter when it comes ensuring equitability in the workplace and why using … deliberately asking for diverse referrals or even for leads instead of referrals can help reduce the risk of non-diverse hires.
Research Findings
The theory used to assess the findings for this research was agency theory, which is used to explain the relationship between agents and principles. The theory helps one to understand the limitations of this relationship as well as the function of trust within the relationship. For HR to be … mindful of the manner in which referrals from employees, if followed blindly, can be detrimental to the workplace it is helpful to understand agency theory.
Theoretical Framework
agency theory……
References
Bibliography
Bussin, M., & Christos, D. (2018). Blind hiring not as crazy as it sounds. HR Future, 2018(Sep 2018), 36-39.
CBS News (2017). Retrieved from http://www.cbsnews.com/videos/meet-bozoma-saint-john-the-woman-tasked-with-fixing-ubers-image/ " target="_blank" REL="NOFOLLOW">
Study Document
Walmart And Starbucks Sustainability
… as it does. There is certainly a marketing interest in CSR, but if there is no financial interest, that raises interesting questions about agency theory. Differentiation from competitors, however, is a valuable marketing tool. This might inform the efforts of Starbucks, especially since when the company started there … cultural gap between those areas will also characterize some of the cultural differences between these two large companies.
Campbell (2007) offers an institutional theory of corporate social responsibility to help explain why companies behave is responsible ways. Remembering the Friedman argument, and the reality……
References
References
Aguilera, R, Rupp, D., Williams, C. & Ganapathi, J. (2005) Putting the S back in corporate social responsibility: A multi-level theory of social change in organizations. Academy of Management Review. (2005). Retrieved November 4, 2017 from https://www.ideals.illinois.edu/bitstream/handle/2142/1768/TS_Aguilera.pdf?sequence=2&isAllowed=y
Banerjee, S. (2008) Corporate social responsibility: the good, bad and the ugly. Critical Sociology. Vol. 34 (1)
Blowfield, M., Frynas, J. (2005) Editorial setting new agendas: Critical perspectives on corporate social responsibility in the developing world. International Affairs. Vol. 81 (3) 499-513.
Brammer, S., Jackson, G. & Matten, D. (2012). Corporate social responsibility and institutional theory: New perspectives on private governance. Socio-Economic Review. Vol. 10 (2012) 3-28.
Campbell, J. (2007) Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility The Academy of Management Review. Vol. 32 (3) 946-967.
Epstein, E. (1987) The corporate social policy process: Beyond business ethics, corporate social responsibility, and corporate social responsiveness. California Management Review. Vol. 29 (3) 99.
Friedman, M. (1970) The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved November 4, 2017 from https://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Heningway, C. & Maclagan, P. (2004) Managers' personal values as drivers of corporate social responsibility. Journal of Business Ethics. Vol. 50 (1) 33-44.
Study Document
Elon Musk And Power At Tesla
… a variety of reasons.
As Yang and Zhao (2014) point out, “the main argument against CEO duality (or dual leadership) is based on agency theory, which predicts that CEOs, as agents of shareholders, do not always act in the best interests of shareholders” (p. 1). This can be ……
References
References
Abels, P. B., & Martelli, J. T. (2013). CEO duality: how many hats are too many?. Corporate Governance: The international journal of business in society, 13(2), 135-147.
Dickins, D. (2010). CEO and COB duality: Does it matter. Internal Auditing, 25(4), 35-38.
Gaydos, R. (2018). Elon Musk may have violated Tesla’s conduct and ethics code after smoking up in podcast interview: report. Retrieved from https://www.foxnews.com/tech/elon-musk-may-have-violated-teslas-conduct-and-ethics-code-after-smoking-up-in-podcast-interview-report
Porter, J. (2018). Tesla has found a new chairperson to replace Elon Musk. Retrieved from https://www.theverge.com/2018/11/8/18074800/tesla-new-chair-2018-robyn-denholm-elon-musk
Yang, T., & Zhao, S. (2014). CEO duality and firm performance: Evidence from an exogenous shock to the competitive environment. Journal of Banking & Finance, 49, 534-552.
Study Document
Intelligence Oversight Ethics
… gives support to the argument by Bailey and Galich (2012) that multiple ethical systems are likely to be needed for each different intelligence agency. There are many points among the three ethical perspectives that must be considered in order to make sense of the world.
The main ……
References
References
Bailey, Christopher and Susan M. Galich. “Codes of Ethics: The Intelligence Community.” International Journal of Intelligence Ethics 35.2 (2012), 77-99.
Brown, William F., and Americo R. Cinquegrana. \\\\\\\\\\\\"Warrantless Physical Searches for Foreign Intelligence Purposes: Executive Order 12,333 and the Fourth Amendment.\\\\\\\\\\\\" Cath. UL Rev. 35 (1985): 97.
Cantarella, Michele. \\\\\\\\\\\\"Intelligence ethics in the digital age.\\\\\\\\\\\\" (2016).
Congressional Research Service, “CIA Ethics Education: Background and Perspectives” (2018).
Ferrari, Rachel. \\\\\\\\\\\\"Moral Relativism and Dangerous Ethical Dilemmas in the US Intelligence Community.\\\\\\\\\\\\" (2018).
Ford, Christopher M. \\\\\\\\\\\\"Intelligence Demands in a Democratic State: Congressional Intelligence Oversight.\\\\\\\\\\\\" Tul. L. Rev. 81 (2006): 721.
Goldman, Jan. \\\\\\\\\\\\"Teaching About Intelligjence and Ethics.\\\\\\\\\\\\" Journal of US Intelligence Studies 20, no. 2 (2013): 79.
Hayes, Jonathan. \\\\\\\\\\\\"The Cinema of Oliver Stone: Art, Authorship and Activism by Ian
Study Document
Counterintelligence Issues Within The United States
… of concern, here, is not only the degree to which those “imaginative, flexible, and active measures” lead to the problems both for the agency and for the field it aims to serve (Nolan 1997, 53). There is also the matter of confusing counterintelligence with security, which is … came to maturity in the US in an era of conflict, it is helpful to approach the subject from the standpoint of conflict theory and the theories developed around it, all of which focus on the ways in which power is sought and used by groups in ……
References
Bibliography
2020-2022 National Counterintelligence Strategy of the United States. 2020. Washington, DC: National Counterintelligence and Security Center
Bailey, Christopher and Susan M. Galich. 2012. “Codes of Ethics: The Intelligence Community.” International Journal of Intelligence Ethics 35 (2): 77-99.
Bernardi, Beatrice. 2013. "The Role of Intelligence in the Fight Against International Terrorism: Legal Profiles." Bachelor's thesis, Università Ca'Foscari Venezia.
Carson, Thomas L. 2010. Lying and Deception: Theory and Practice. Oxford University Press.
Cohen, Shlomo. 2016. "Are There Moral Limits to Military Deception?." Philosophia 44 (4): 1305-1318.
Coyne, John, Peter Bell, and Shannon Merrington. 2013. "Exploring ethics in intelligence and the role of leadership." Interntional Journal of Business and Commerce 2 (10): 27-37.
Erskine, Toni. 2004. "'As Rays of Light to the Human Soul'? Moral Agents and Intelligence Gathering." Intelligence & National Security 19 (2): 359-381.
Godson, Roy, and James J. Wirtz. 2000. "Strategic denial and deception." International Journal of Intelligence and Counterintelligence 13 (4): 424-437.
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