Author : Norman E. Bowie
Publisher : Oxford University Press, USA
ISBN 13 : 9780195067989
Total Pages : 254 pages
Book Rating : 4.0/5 (679 download)
Book Synopsis Ethics and Agency Theory by : Norman E. Bowie
Download or read book Ethics and Agency Theory written by Norman E. Bowie and published by Oxford University Press, USA. This book was released on 1992 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agency theory involves what is known as the principal-agent problem, a topic widely discussed in economics, management, and business ethics today. It is a characteristic of nearly all modern business firms that the principals (the owners and shareholders) are not the same people as the agents (the managers who run the firms for the principals). This creates situations in which the goals of the principals may not be the same as the agents--the principals will want growth in profits and stock price, while agents may want growth in salaries and positions in the hierarchy. The fourth volume in the Ruffin Series in Business, this book explores the ethical consequences of agency theory through contributions by ethicists, economists, and management theorists.