This article intends to review the theoretical aspects and empirical evidences made on
agency theory. It is aimed to explore the main ideas, perspectives, problems and issues …

Corporate culture is an omnibus term that includes many elements that are relevant to a firm,
like norms, values, knowledge, and customs. Economists have made great progress recently …

The rise of centralized mining pools for risk sharing does not necessarily undermine the
decentralization required for blockchains: because of miners' cross-pool diversification and …

This paper presents a first–ever empirical examination of the effectiveness of signals that
entrepreneurs use to induce (small) investors to commit financial resources in an equity …

The corporate information environment develops endogenously as a consequence of
information asymmetries and agency problems between investors, entrepreneurs, and …

Longstanding assumptions underlying strategic alliances, such as agency theory, are
actively being revoked by dynamics in the new economy. The mechanism of inter-firm …

Unternehmen, Märkte und Kooperationen sind zentrale ökonomische Institutionen, deren
Entstehung bislang keinen bedeutenden Raum in der Forschung einnahm. Dabei liefert die …

The role of imperfect information in a principal-agent relationship subject to moral hazard is
considered. A necessary and sufficient condition for imperfect information to improve on …

THEORY OF THE FIRM: MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP
STRUCTURE Michael C. JENSEN and William H. MECKLING* 1. Intr Page 1 [8] Journal of …

Agency theory is an important, yet controversial, theory. This paper reviews agency theory,
its contributions to organization theory, and the extant empirical work and develops testable …