The Experts below are selected from a list of 20280 Experts worldwide ranked by ideXlab platform
Ambika Zutshi - One of the best experts on this subject based on the ideXlab platform.
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Agency Theory and supply chain management a structured literature review
Supply Chain Management, 2012Co-Authors: Sajad Fayezi, Andrew Oloughlin, Ambika ZutshiAbstract:Purpose – The paper aims to explain how Agency Theory can be used to inform our understanding of the dynamics surrounding supply chain behaviours and relationships.Design/methodology/approach – A structured review of the literature using a three‐stage refinement process is used. The articles were sourced through online databases and keyword classifications, such as “Agency Theory”, “principal‐agent relationships” and “supply chain management”. The search initially identified over 86 articles. After further screening these were reduced to 19 for final assessment and comparison.Findings – Despite Agency Theory's prevailing descriptive and predictive qualities there is scarcity in its application to the SCM discipline. The authors posit that Agency Theory provides valuable insights for relationship engineering within supply chains where social, political, legal and behavioural dynamics dominate.Practical implications – It is a critical task for managers to understand and mitigate abnormal behaviours across t...
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Agency Theory and supply chain management: A structured literature review
Supply Chain Management, 2012Co-Authors: Sajad Fayezi, Andrew O'loughlin, Ambika ZutshiAbstract:Purpose – The paper aims to explain how Agency Theory can be used to inform our understanding of the dynamics surrounding supply chain behaviours and relationships. Design/methodology/approach – A structured review of the literature using a three-stage refinement process is used. The articles were sourced through online databases and keyword classifications, such as “Agency Theory”, “principal-agent relationships” and “supply chain management”. The search initially identified over 86 articles. After further screening these were reduced to 19 for final assessment and comparison. Findings – Despite Agency Theory’s prevailing descriptive and predictive qualities there is scarcity in its application to the SCM discipline. The authors posit that Agency Theory provides valuable insights for relationship engineering within supply chains where social, political, legal and behavioural dynamics dominate. Practical implications – It is a critical task for managers to understand and mitigate abnormal behaviours across the supply chain. Agency Theory serves this need by providing them with a useful tool to respond to transaction cost dilemmas through contractual and non-contractual remedies. Originality/value – This is one of the first studies that examines the current state of Agency Theory application in the SCM literature and suggests potential avenues for future research.
Sajad Fayezi - One of the best experts on this subject based on the ideXlab platform.
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Agency Theory and supply chain management a structured literature review
Supply Chain Management, 2012Co-Authors: Sajad Fayezi, Andrew Oloughlin, Ambika ZutshiAbstract:Purpose – The paper aims to explain how Agency Theory can be used to inform our understanding of the dynamics surrounding supply chain behaviours and relationships.Design/methodology/approach – A structured review of the literature using a three‐stage refinement process is used. The articles were sourced through online databases and keyword classifications, such as “Agency Theory”, “principal‐agent relationships” and “supply chain management”. The search initially identified over 86 articles. After further screening these were reduced to 19 for final assessment and comparison.Findings – Despite Agency Theory's prevailing descriptive and predictive qualities there is scarcity in its application to the SCM discipline. The authors posit that Agency Theory provides valuable insights for relationship engineering within supply chains where social, political, legal and behavioural dynamics dominate.Practical implications – It is a critical task for managers to understand and mitigate abnormal behaviours across t...
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Agency Theory and supply chain management: A structured literature review
Supply Chain Management, 2012Co-Authors: Sajad Fayezi, Andrew O'loughlin, Ambika ZutshiAbstract:Purpose – The paper aims to explain how Agency Theory can be used to inform our understanding of the dynamics surrounding supply chain behaviours and relationships. Design/methodology/approach – A structured review of the literature using a three-stage refinement process is used. The articles were sourced through online databases and keyword classifications, such as “Agency Theory”, “principal-agent relationships” and “supply chain management”. The search initially identified over 86 articles. After further screening these were reduced to 19 for final assessment and comparison. Findings – Despite Agency Theory’s prevailing descriptive and predictive qualities there is scarcity in its application to the SCM discipline. The authors posit that Agency Theory provides valuable insights for relationship engineering within supply chains where social, political, legal and behavioural dynamics dominate. Practical implications – It is a critical task for managers to understand and mitigate abnormal behaviours across the supply chain. Agency Theory serves this need by providing them with a useful tool to respond to transaction cost dilemmas through contractual and non-contractual remedies. Originality/value – This is one of the first studies that examines the current state of Agency Theory application in the SCM literature and suggests potential avenues for future research.
Jussi Kivisto - One of the best experts on this subject based on the ideXlab platform.
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Agency Theory as a Framework for Higher Education Governance
The Palgrave International Handbook of Higher Education Policy and Governance, 2020Co-Authors: Jussi Kivisto, Inga ZalyevskaAbstract:Agency Theory (also known as the principal-agent or principal Agency Theory/model) describes the relationship between two or more parties, in which one party, designated as the principal, engages another party, designated as the agent, to perform some task on behalf of the principal (Jensen and Meckling, 1976; Moe, 1984; Ross, 1973). The Theory assumes that once principals delegate authority to agents, they often have problems controlling them, because agents’ goals often differ from their own and because agents often have better information about their capacity and activities than do principals. The key question of the principal–agent framework is, ‘How does one empower an agent to fulfil the needs of the principal, while at the same time constraining the agent from shirking on their responsibilities?’
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An assessment of Agency Theory as a framework for the government–university relationship
Journal of Higher Education Policy and Management, 2008Co-Authors: Jussi KivistoAbstract:The aim of this paper is to use Agency Theory as the theoretical framework for an examination of the government–university relationship and to assess the main strengths and weaknesses of the Theory in this context. Because of its logically consistent framework, Agency Theory is able to manifest many of the complexities and difficulties that governments face in their attempts to govern universities. Agency Theory also offers unique explanations for the government's choice and use of certain governance procedures, low performance by universities and cost growth in the higher education sector.
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an assessment of Agency Theory as a framework for the government university relationship
Journal of Higher Education Policy and Management, 2008Co-Authors: Jussi KivistoAbstract:The aim of this paper is to use Agency Theory as the theoretical framework for an examination of the government–university relationship and to assess the main strengths and weaknesses of the Theory in this context. Because of its logically consistent framework, Agency Theory is able to manifest many of the complexities and difficulties that governments face in their attempts to govern universities. Agency Theory also offers unique explanations for the government's choice and use of certain governance procedures, low performance by universities and cost growth in the higher education sector.
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the government higher education institution relationship theoretical considerations from the perspective of Agency Theory
Tertiary Education and Management, 2005Co-Authors: Jussi KivistoAbstract:Abstract This article introduces the Agency Theory to the field of higher education research. By applying Agency Theory to the inter‐organisational relationship between government and higher education institutions, it is possible to illustrate general problems facing control and governance in a more theoretical and analytical way. The conceptual arsenal provided by the Agency Theory may benefit various research settings that are related to government‐higher education institution relationships. In addition to its descriptive elements, Agency Theory also provides theoretical explanations for e.g. the establishment of quality assurance systems and performance‐based funding procedures.
Richard A. Lambert - One of the best experts on this subject based on the ideXlab platform.
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Agency Theory and Management Accounting
Handbooks of Management Accounting Research, 2020Co-Authors: Richard A. LambertAbstract:Abstract This chapter reviews Agency Theory and its application to management accounting issues. I begin by explaining how Agency models are formulated to capture incentive problems caused by moral hazard and adverse selection problems, and discuss the reasons why Agency Theory models are difficult to solve. I then review Agency Theory results regarding the properties that make performance measures valuable in a contracting setting and the optimal shape of contracts. I also review the literature on communication, including models where the revelation principle does not apply, so that nontruthful reporting and earnings management can take place. I then discuss multiperiod Agency models, which are critical for comparing different accrual-accounting-based measures of performance in motivating investment behavior. The chapter ends by discussing common misconceptions regarding Agency Theory models and discussing areas for future research.
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Agency Theory and Management Accounting
Handbooks of Management Accounting Research, 2006Co-Authors: Richard A. LambertAbstract:This chapter reviews Agency Theory and its application to management accounting issues. I begin by explaining how Agency models are formulated to capture incentive problems caused by moral hazard and adverse selection problems, and discuss the reasons why Agency Theory models are difficult to solve. I then review Agency Theory results regarding the properties that make performance measures valuable in a contracting setting and the optimal shape of contracts. I also review the literature on communication, including models where the revelation principle does not apply, so that nontruthful reporting and earnings management can take place. I then discuss multiperiod Agency models, which are critical for comparing different accrual-accounting-based measures of performance in motivating investment behavior. The chapter ends by discussing common misconceptions regarding Agency Theory models and discussing areas for future research. © 2007 Elsevier Ltd. All rights reserved.
Sharon Odonnell - One of the best experts on this subject based on the ideXlab platform.
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foreign subsidiary compensation strategy an Agency Theory perspective
Academy of Management Journal, 1996Co-Authors: Kendall Roth, Sharon OdonnellAbstract:This study extends Agency Theory to explain the design of compensation strategy in foreign subsidiaries competing within global industries. Results from 100 subsidiaries in five countries indicate ...
