Ethics and Agency Theory: An Introduction (Ruffin Series in Business Ethics) - Hardcover

Bowie, Professor Norman E.

 
9780195067989: Ethics and Agency Theory: An Introduction (Ruffin Series in Business Ethics)

Synopsis

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.

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Synopsis

This study explores the ethical consequences of agency theory - a problem generated by the situation in nearly all modern businesses whereby the principals (owners and shareholders) are not the same people as the agents (managers who run the firms).

"About this title" may belong to another edition of this title.