메뉴 건너뛰기




Volumn 19, Issue 4, 2009, Pages 497-528

The uses and abuses of agency theory

(1)  Heath, Joseph a  

a NONE

Author keywords

[No Author keywords available]

Indexed keywords


EID: 70350786343     PISSN: 1052150X     EISSN: None     Source Type: Journal    
DOI: 10.5840/beq200919430     Document Type: Article
Times cited : (89)

References (96)
  • 1
    • 0000136539 scopus 로고
    • Labor contracts and partial gift exchange
    • Akerloff, G. 1982. Labor contracts and partial gift exchange. Quarterly Journal of Economics, 84: 488-500.
    • (1982) Quarterly Journal of Economics , vol.84 , pp. 488-500
    • Akerloff, G.1
  • 2
    • 0000589044 scopus 로고
    • Production, information costs, and economic organization
    • Aichian, A. A., & Demsetz, H. 1972. Production, information costs, and economic organization. American Economic Review, 62: 777-95.
    • (1972) American Economic Review , vol.62 , pp. 777-795
    • Aichian, A.A.1    Demsetz, H.2
  • 3
    • 70350769881 scopus 로고    scopus 로고
    • Ethics for adversaries
    • NJ: Princeton University Press.
    • Appibaum, A. I. 1999. Ethics for adversaries. Princeton, NJ: Princeton University Press.
    • (1999) Princeton
    • Appibaum, A.I.1
  • 4
    • 0011558287 scopus 로고
    • Some limits of rational man organizational theory
    • Argyris, C. 1973. Some limits of rational man organizational theory. Public Administration Review, 31: 253-67.
    • (1973) Public Administration Review , vol.31 , pp. 253-267
    • Argyris, C.1
  • 6
    • 85027088414 scopus 로고
    • Social responsibility and economic efficiency
    • Arrow, K. 1973. Social responsibility and economic efficiency. Public Policy, 21: 303-17.
    • (1973) Public Policy , vol.21 , pp. 303-317
    • Arrow, K.1
  • 7
    • 84933494162 scopus 로고
    • Incentive contracts and performance incentives
    • Baker, G. P. 1992. Incentive contracts and performance incentives. Journal of Political Economy, 100: 598-614.
    • (1992) Journal of Political Economy , vol.100 , pp. 598-614
    • Baker, G.P.1
  • 9
    • 3042718598 scopus 로고    scopus 로고
    • Pay without performance
    • MA: Harvard University Press.
    • Bebchuck, L. A., & Fried, J. M. 2004. Pay without performance. Cambridge, MA: Harvard University Press.
    • (2004) Cambridge
    • Bebchuck, L.A.1    Fried, J.M.2
  • 10
    • 0036599832 scopus 로고    scopus 로고
    • Managerial power and rent extraction in the design of executive compensation
    • Bebchuck, L. A., Fried, J. M., & Walker, D. I. 2002. Managerial power and rent extraction in the design of executive compensation. University of Chicago Law Review, 69: 751-846.
    • (2002) University of Chicago Law Review , vol.69 , pp. 751-846
    • Bebchuck, L.A.1    Fried, J.M.2    Walker, D.I.3
  • 11
    • 2142673067 scopus 로고    scopus 로고
    • Game theory and business ethics
    • Binmore, K. 1999. Game theory and business ethics. Business Ethics Quarterly, 9: 31-36.
    • (1999) Business Ethics Quarterly , vol.9 , pp. 31-36
    • Binmore, K.1
  • 12
    • 84937274178 scopus 로고
    • Corporate 'ownership': A misleading word muddles the corporate governance debate
    • Blair, M. M. 1995. Corporate 'ownership': a misleading word muddles the corporate governance debate. The Brookings Review, 13: 16-19.
    • (1995) The Brookings Review , vol.13 , pp. 16-19
    • Blair, M.M.1
  • 13
    • 0346650127 scopus 로고    scopus 로고
    • Firm-specific human capital and theories of the firm
    • M. M. Blair & M. J. Roe (Eds.), Washington, DC: Brookings.
    • Blair, M. M. 2000. Firm-specific human capital and theories of the firm. In M. M. Blair & M. J. Roe (Eds.), Employees and corporate governance. Washington, DC: Brookings.
    • (2000) Employees and Corporate Governance
    • Blair, M.M.1
  • 14
    • 0346934193 scopus 로고    scopus 로고
    • A team production theory of corporate law
    • Blair, M. M., and Stout, L.A. 1999. A team production theory of corporate law. Virginia Law Review, 85: 248-328.
    • (1999) Virginia Law Review , vol.85 , pp. 248-328
    • Blair, M.M.1    Stout, L.A.2
  • 16
    • 70350758276 scopus 로고    scopus 로고
    • What's wrong-and what's right-about stakeholder management
    • Boatright, J. 2006. What's wrong-and what's right-about stakeholder management. Journal of Private Enterprise, 21: 106-31.
    • (2006) Journal of Private Enterprise , vol.21 , pp. 106-131
    • Boatright, J.1
  • 17
    • 84972003530 scopus 로고
    • The insoluble problem of the social contract
    • Braybrooke, D. 1976. The insoluble problem of the social contract. Dialogue, 15: 3-37.
    • (1976) Dialogue , vol.15 , pp. 3-37
    • Braybrooke, D.1
  • 18
    • 0041060938 scopus 로고    scopus 로고
    • Toward a theory of the ethics of bureaucratic organizations
    • Buchanan, A. 1996. Toward a theory of the ethics of bureaucratic organizations. Business Ethics Quarterly, 6: 419-40.
    • (1996) Business Ethics Quarterly , vol.6 , pp. 419-440
    • Buchanan, A.1
  • 19
    • 2442757852 scopus 로고
    • Cambridge: Cambridge University Press.
    • Campbell, D.E. 1995. Incentives. Cambridge: Cambridge University Press.
    • (1995) Incentives
    • Campbell, D.E.1
  • 20
    • 0002837529 scopus 로고
    • Agency costs versus fiduciary duties
    • J. W. Pratt and R. J. Zeckhauser (Eds.), Boston: Harvard Business School Press.
    • Clark, R. C. 1985. Agency costs versus fiduciary duties. In J. W. Pratt and R. J. Zeckhauser (Eds.), Principals and agents. Boston: Harvard Business School Press.
    • (1985) Principals and Agents
    • Clark, R.C.1
  • 21
    • 0006269902 scopus 로고    scopus 로고
    • Introduction
    • M. Clarkson, (Ed.), Toronto: University of Toronto Press.
    • Clarkson, M. 1998. Introduction. In M. Clarkson, (Ed.), The corporation and its stakeholders. Toronto: University of Toronto Press.
    • (1998) The Corporation and its Stakeholders
    • Clarkson, M.1
  • 22
    • 84936823500 scopus 로고
    • Social capital in the creation of human capital
    • Coleman, J. S. 1988. Social capital in the creation of human capital. American Journal of Sociology, 94: S95-S120.
    • (1988) American Journal of Sociology , vol.94
    • Coleman, J.S.1
  • 23
    • 84934563431 scopus 로고
    • Toward an integrated theory of white-collar crime
    • Coleman, J. W. 1987. Toward an integrated theory of white-collar crime. American Journal of Sociology, 93: 406-39.
    • (1987) American Journal of Sociology , vol.93 , pp. 406-439
    • Coleman, J.W.1
  • 24
    • 0000510636 scopus 로고
    • Strategic information transmission
    • Crawford, V. P., & Sobel, J. 1982. Strategic information transmission. Econometrica, 50: 1431-51.
    • (1982) Econometrica , vol.50 , pp. 1431-1451
    • Crawford, V.P.1    Sobel, J.2
  • 26
    • 0003076979 scopus 로고
    • Principals, agents and ethics
    • N. E. Bowie and R. E. Freeman (Eds.), Oxford: Oxford University Press.
    • Dees, J. G. 1992. Principals, agents and ethics. In N. E. Bowie and R. E. Freeman (Eds.), Ethics and agency theory. Oxford: Oxford University Press.
    • (1992) Ethics and Agency Theory
    • Dees, J.G.1
  • 27
    • 70350752991 scopus 로고
    • Agency theory and the ethics of agency
    • N. E. Bowie and R. E. Freeman (Eds.), Oxford: Oxford University Press.
    • De George, R. T. 1992. Agency theory and the ethics of agency. In N. E. Bowie and R. E. Freeman (Eds.), Ethics and agency theory. Oxford: Oxford University Press.
    • (1992) Ethics and Agency Theory
    • De George, R.T.1
  • 28
    • 0001668345 scopus 로고
    • The ethereal hand: Organizational economics and management theory
    • Donaldson, L. 1990. The ethereal hand: Organizational economics and management theory. Academy of Management Review, 15: 369-81.
    • (1990) Academy of Management Review , vol.15 , pp. 369-381
    • Donaldson, L.1
  • 29
    • 4544317281 scopus 로고    scopus 로고
    • Cambridge: Cambridge University Press. Drucker, The essential Drucker. New York: HarperBusiness.
    • Doris, J. 2002. Lack of character. Cambridge: Cambridge University Press. Drucker, P. 2001. The essential Drucker. New York: HarperBusiness.
    • (2002) Lack of Character , pp. 2001
    • Doris, J.1
  • 30
    • 0009888052 scopus 로고
    • Why be a loyal agent? A systemic ethical analysis
    • N. E. Bowie and R. E. Freeman (Eds.), Oxford: Oxford University Press.
    • Duska, R. 1992. Why be a loyal agent? A systemic ethical analysis. In N. E. Bowie and R. E. Freeman (Eds.), Ethics and agency theory. Oxford: Oxford University Press.
    • (1992) Ethics and Agency Theory
    • Duska, R.1
  • 31
    • 0004126557 scopus 로고
    • The economic structure of corporate law
    • MA: Harvard University Press.
    • Easterbrook, F. H., & Fischel, D. R. 1991. The economic structure of corporate law. Cambridge, MA: Harvard University Press.
    • (1991) Cambridge
    • Easterbrook, F.H.1    Fischel, D.R.2
  • 32
    • 0001336426 scopus 로고
    • Agency theory: An assessment and review
    • Eisenhardt, K. H. 1989. Agency theory: An assessment and review. Academy of Management Review, 14: 57-74.
    • (1989) Academy of Management Review , vol.14 , pp. 57-74
    • Eisenhardt, K.H.1
  • 33
    • 0003949907 scopus 로고    scopus 로고
    • Do incentive contracts crowd out voluntary cooperation?
    • Fehr, E., & Gächter, S. 2002. Do incentive contracts crowd out voluntary cooperation? http://www.iew.unizh.ch/wp/iewwp034.pdf. University of Zurich Working Paper, 34.
    • (2002) University of Zurich Working Paper , pp. 34
    • Fehr, E.1    Gächter, S.2
  • 35
    • 11344294937 scopus 로고    scopus 로고
    • Economics language and assumptions: How theories can become self-fulfilling
    • Ferraro, F., Pfeffer, J., & Sutton, R. I. 2005. Economics language and assumptions: How theories can become self-fulfilling. Academy of Management Review, 30: 8-24.
    • (2005) Academy of Management Review , vol.30 , pp. 8-24
    • Ferraro, F.1    Pfeffer, J.2    Sutton, R.I.3
  • 36
    • 70350784602 scopus 로고
    • My life and work
    • NY: Doubleday.
    • Ford, H. 1922. My life and work. Garden City, NY: Doubleday.
    • (1922) Garden City
    • Ford, H.1
  • 39
    • 0001223696 scopus 로고
    • The politics of stakeholder theory: Some future directions
    • Freeman, R. E. 1994. The politics of stakeholder theory: Some future directions. Business Ethics Quarterly, 4: 409-21.
    • (1994) Business Ethics Quarterly , vol.4 , pp. 409-421
    • Freeman, R.E.1
  • 40
    • 0003035795 scopus 로고    scopus 로고
    • A stakeholder theory of the modern corporation
    • Clarkson, M. (Ed.) Toronto: University of Toronto Press.
    • Freeman, R. E. 1998. A stakeholder theory of the modern corporation. In Clarkson, M. (Ed.) The corporation and its stakeholders. Toronto: University of Toronto Press.
    • (1998) The Corporation and its Stakeholders
    • Freeman, R.E.1
  • 41
    • 0000342356 scopus 로고    scopus 로고
    • The cost of price incentives: An empirical analysis of motivation crowding-out
    • Frey, B. S., & Oberholzer-Gee, F. 1997. The cost of price incentives: An empirical analysis of motivation crowding-out. American Economic Review, 87: 746-55.
    • (1997) American Economic Review , vol.87 , pp. 746-755
    • Frey, B.S.1    Oberholzer-Gee, F.2
  • 43
    • 0001788578 scopus 로고
    • The social responsibility of business is to increase its profits
    • Sept.
    • Friedman, M. 1970. The social responsibility of business is to increase its profits. New York Times Magazine, Sept. 12.
    • (1970) New York Times Magazine , pp. 12
    • Friedman, M.1
  • 45
    • 0004178565 scopus 로고
    • London: Penguin.
    • Fukuyama, F. 1995. Trust. London: Penguin.
    • (1995) Trust.
    • Fukuyama, F.1
  • 46
    • 5444221773 scopus 로고
    • No need for morality: The case of the perfectly competitive market
    • Gauthier, D. 1982. No need for morality: The case of the perfectly competitive market. Philosophical Exchange, 3: 41-54.
    • (1982) Philosophical Exchange , vol.3 , pp. 41-54
    • Gauthier, D.1
  • 48
    • 33845358961 scopus 로고    scopus 로고
    • Bad management theories are destroying good management practices
    • Ghoshal, S. 2005. Bad management theories are destroying good management practices. Academy of Management Learning and Education, 4: 75-91.
    • (2005) Academy of Management Learning and Education , vol.4 , pp. 75-91
    • Ghoshal, S.1
  • 49
    • 0030526890 scopus 로고    scopus 로고
    • Bad for practice: A critique of the transaction cost theory
    • Ghoshal, S., & Moran, P. 1996. Bad for practice: A critique of the transaction cost theory. Academy of Management Review, 21: 13-47.
    • (1996) Academy of Management Review , vol.21 , pp. 13-47
    • Ghoshal, S.1    Moran, P.2
  • 51
    • 33750910398 scopus 로고    scopus 로고
    • Do high wages lead to high profits?
    • Chicago: University of Chicago Graduate School of Business Working Paper.
    • Gneezy, U. 2003. Do high wages lead to high profits? An experimental study of reciprocity using real effort. Chicago: University of Chicago Graduate School of Business Working Paper.
    • (2003) An Experimental Study of Reciprocity Using Real Effort
    • Gneezy, U.1
  • 52
    • 0002069542 scopus 로고
    • Business ethics and stakeholder analysis
    • Goodpaster, K. E. 1991. Business ethics and stakeholder analysis. Business Ethics Quarterly, 1: 53-73.
    • (1991) Business Ethics Quarterly , vol.1 , pp. 53-73
    • Goodpaster, K.E.1
  • 53
    • 70350787669 scopus 로고
    • The ownership of enterprise
    • MA: Harvard University Press.
    • Hansmann, H. 1992. The ownership of enterprise. Cambridge, MA: Harvard University Press.
    • (1992) Cambridge
    • Hansmann, H.1
  • 55
    • 70350748042 scopus 로고    scopus 로고
    • Rational choice as critical theory
    • Heath, J. 1996. Rational choice as critical theory. Philosophy and Social Criticism, 22: 43-62.
    • (1996) Philosophy and Social Criticism , vol.22 , pp. 43-62
    • Heath, J.1
  • 56
    • 0038787366 scopus 로고    scopus 로고
    • Communicative action and rational choice
    • MA: MIT Press.
    • Heath, J. 2001. Communicative action and rational choice. Cambridge, MA: MIT Press.
    • (2001) Cambridge
    • Heath, J.1
  • 60
  • 61
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen, M. C., and Meckling, W. J. 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3: 305-60.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.J.2
  • 63
    • 85036773478 scopus 로고    scopus 로고
    • Why all the fuss about stockholders? In The divine right of capital
    • Kelly, M. 2001. Why all the fuss about stockholders? In The divine right of capital. San Francisco: Berrett-Koehler.
    • (2001) San Francisco: Berrett-Koehler
    • Kelly, M.1
  • 65
    • 0003160746 scopus 로고
    • The free rider problem: Experimental evidence
    • Kim, G., & Walker, M. 1984. The free rider problem: Experimental evidence. Public Choice, 43: 3-24.
    • (1984) Public Choice , vol.43 , pp. 3-24
    • Kim, G.1    Walker, M.2
  • 67
    • 23944501495 scopus 로고    scopus 로고
    • Agency theory, reasoning and culture at Enron: In search of a solution
    • Kulik, B. W. 2005. Agency theory, reasoning and culture at Enron: In search of a solution. Journal of Business Ethics, 59: 347-60.
    • (2005) Journal of Business Ethics , vol.59 , pp. 347-360
    • Kulik, B.W.1
  • 69
    • 84923993122 scopus 로고    scopus 로고
    • The theory of incentives: The principal-agent model
    • NJ: Princeton University Press.
    • Laffont, J. J., & Martimort, D. 2002. The theory of incentives: the principal-agent model. Princeton, NJ: Princeton University Press.
    • (2002) Princeton
    • Laffont, J.J.1    Martimort, D.2
  • 71
    • 0037215853 scopus 로고    scopus 로고
    • A fiduciary argument against stakeholder theory
    • Marcoux, A. 2003. A fiduciary argument against stakeholder theory. Business Ethics Quarterly, 13: 1-24.
    • (2003) Business Ethics Quarterly , vol.13 , pp. 1-24
    • Marcoux, A.1
  • 72
    • 49049152301 scopus 로고
    • Economists free ride, does anyone else?
    • Marwell, G., and Ames, R. E. 1981. Economists free ride, does anyone else? Journal of Public Economics, 15: 295-310.
    • (1981) Journal of Public Economics , vol.15 , pp. 295-310
    • Marwell, G.1    Ames, R.E.2
  • 75
    • 0003945198 scopus 로고
    • A pragmatic approach to business ethics
    • CA: Sage.
    • Michalos, A. C. 1995. A pragmatic approach to business ethics. Thousand Oaks, CA: Sage.
    • (1995) Thousand Oaks
    • Michalos, A.C.1
  • 76
    • 0003740491 scopus 로고
    • Economics, organization and management
    • NJ: Prentice Hall.
    • Milgrom, P., & Roberts, J. 1992. Economics, organization and management. Upper Saddle River, NJ: Prentice Hall.
    • (1992) Upper Saddle River
    • Milgrom, P.1    Roberts, J.2
  • 77
    • 0001555198 scopus 로고    scopus 로고
    • The norm of self-interest
    • Miller, D. T. 1999. The norm of self-interest. American Psychologist, 54: 1053-60.
    • (1999) American Psychologist , vol.54 , pp. 1053-1060
    • Miller, D.T.1
  • 78
    • 0003585856 scopus 로고
    • Cambridge: Cambridge University Press.
    • Miller, G. 1992. Managerial dilemmas. Cambridge: Cambridge University Press.
    • (1992) Managerial Dilemmas
    • Miller, G.1
  • 79
    • 0001730497 scopus 로고
    • Non-cooperative games
    • Nash, J. 1951. Non-cooperative games. Annals of Mathematics 54: 289-95.
    • (1951) Annals of Mathematics , vol.54 , pp. 289-295
    • Nash, J.1
  • 80
    • 70350769879 scopus 로고
    • Agents for the truly greedy
    • N. E. Bowie and R. E. Freeman (Eds.), Oxford: Oxford University Press.
    • Newton, L. 1992. Agents for the truly greedy. In N. E. Bowie and R. E. Freeman (Eds.), Ethics and agency theory. Oxford: Oxford University Press.
    • (1992) Ethics and Agency Theory
    • Newton, L.1
  • 81
    • 32044468277 scopus 로고
    • The economics of ethics: A new perspective on agency theory
    • Noreen, E. 1988. The economics of ethics: A new perspective on agency theory. Accounting, Organizations and Society, 13: 359-69.
    • (1988) Accounting, Organizations and Society , vol.13 , pp. 359-369
    • Noreen, E.1
  • 86
    • 0003624191 scopus 로고
    • New York: Columbia University Press.
    • Rawls, J. 1993. Political liberalism. New York: Columbia University Press.
    • (1993) Political Liberalism
    • Rawls, J.1
  • 87
    • 0004048289 scopus 로고    scopus 로고
    • A theory of justice
    • 2nd ed. rev. MA: Harvard University Press.
    • Rawls, J. 1999. A theory of justice, 2nd ed. rev. Cambridge, MA: Harvard University Press.
    • (1999) Cambridge
    • Rawls, J.1
  • 88
    • 0002879560 scopus 로고
    • The selective financial misrepresentation hypothesis
    • Revsine, L. 1991. The selective financial misrepresentation hypothesis. Accounting Horizons, 5: 16-27.
    • (1991) Accounting Horizons , vol.5 , pp. 16-27
    • Revsine, L.1
  • 89
    • 0019712984 scopus 로고
    • Free riding and collective action: An experiment in public microeconomics
    • Schneider, F., & Pommerehne, W. W. 1981. Free riding and collective action: An experiment in public microeconomics. Quarterly Journal of Economics, 96: 689-704.
    • (1981) Quarterly Journal of Economics , vol.96 , pp. 689-704
    • Schneider, F.1    Pommerehne, W.W.2
  • 90
    • 33747856809 scopus 로고
    • Reexamination of the perfectness concept for equilibrium points in extensive games
    • Selten, R. 1975. Reexamination of the perfectness concept for equilibrium points in extensive games. International Journal of Game Theory 4: 25-55.
    • (1975) International Journal of Game Theory , vol.4 , pp. 25-55
    • Selten, R.1
  • 91
    • 2142723460 scopus 로고    scopus 로고
    • Game theory as a model for business and business ethics
    • Solomon, R. C. 1999. Game theory as a model for business and business ethics. Business Ethics Quarterly, 9: 11-30.
    • (1999) Business Ethics Quarterly , vol.9 , pp. 11-30
    • Solomon, R.C.1
  • 92
    • 0001155759 scopus 로고
    • Techniques of neutralization: A theory of delinquency
    • Sykes, G.M., and Matza, D. 1957. Techniques of neutralization: A theory of delinquency. American Sociological Review, 22: 664-70.
    • (1957) American Sociological Review , vol.22 , pp. 664-670
    • Sykes, G.M.1    Matza, D.2
  • 95
    • 0000426231 scopus 로고
    • Markets and hierarchies: Some elementary considerations
    • Williamson, G. E. 1973. Markets and hierarchies: Some elementary considerations. American Economic Review, 63: 316-25.
    • (1973) American Economic Review , vol.63 , pp. 316-325
    • Williamson, G.E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.