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Agency Theory

The Experts below are selected from a list of 20280 Experts worldwide ranked by ideXlab platform

Ambika Zutshi – 1st expert on this subject based on the ideXlab platform

  • Agency Theory and supply chain management a structured literature review
    Supply Chain Management, 2012
    Co-Authors: Sajad Fayezi, Andrew Oloughlin, Ambika Zutshi

    Abstract:

    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…

  • Agency Theory and supply chain management: A structured literature review
    Supply Chain Management, 2012
    Co-Authors: Sajad Fayezi, Andrew O'loughlin, Ambika Zutshi

    Abstract:

    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 – 2nd expert on this subject based on the ideXlab platform

  • Agency Theory and supply chain management a structured literature review
    Supply Chain Management, 2012
    Co-Authors: Sajad Fayezi, Andrew Oloughlin, Ambika Zutshi

    Abstract:

    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…

  • Agency Theory and supply chain management: A structured literature review
    Supply Chain Management, 2012
    Co-Authors: Sajad Fayezi, Andrew O'loughlin, Ambika Zutshi

    Abstract:

    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 – 3rd expert on this subject based on the ideXlab platform

  • Agency Theory as a Framework for Higher Education Governance
    The Palgrave International Handbook of Higher Education Policy and Governance, 2020
    Co-Authors: Jussi Kivisto, Inga Zalyevska

    Abstract:

    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?’

  • An assessment of Agency Theory as a framework for the government–university relationship
    Journal of Higher Education Policy and Management, 2008
    Co-Authors: Jussi Kivisto

    Abstract:

    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.

  • an assessment of Agency Theory as a framework for the government university relationship
    Journal of Higher Education Policy and Management, 2008
    Co-Authors: Jussi Kivisto

    Abstract:

    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.