Ethics and Agency Theory
Ethics and Agency Theory

Author: Norman E. Bowie

Publisher: Oxford University Press, USA

Published: 1992

Total Pages: 264

ISBN-13:

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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.

Agency Theory, Information, and Incentives
Agency Theory, Information, and Incentives

Author: Günter Bamberg

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 538

ISBN-13: 3642750605

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Agency Theory is a new branch of economics which focusses on the roles of information and of incentives when individuals cooperate with respect to the utilisation of resources. Basic approaches are coming from microeco nomic theory as well as from risk analysis. Among the broad variety of ap plications are: the many designs of contractual arrangements, organiza tions, and institutions as well as the manifold aspects of the separation of ownership and control so fundamental for business finance. After some twenty years of intensive research in the field of information economics it might be timely to present the most basic issues, questions, models, and applications. This volume Agency Theory, Information, and Incentives offers introductory surveys as well as results of individual rese arch that seem to shape that field of information economics appropriately. Some 30 authors were invited to present their subjects in such a way that students could easily become acquainted with the main ideas of informa tion economics. So the aim of Agency Theory, Information, and Incentives is to introduce students at an intermediate level and to accompany their work in classes on microeconomics, information economics, organization, management theory, and business finance. The topics selected form the eight sections of the book: 1. Agency Theory and Risk Sharing 2. Information and Incentives 3. Capital Markets and Moral Hazard 4. Financial Contracting and Dividends 5. External Accounting and Auditing 6. Coordination in Groups 7. Property Rights and Fairness 8. Agency Costs.

Agency and the Foundations of Ethics
Agency and the Foundations of Ethics

Author: Paul Katsafanas

Publisher: Oxford University Press

Published: 2013-02-28

Total Pages: 280

ISBN-13: 0199645078

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Paul Katsafanas explores how we can justify normative claims such as 'murder is wrong'. He defends an original account of constitutivism—the view that we do so by showing that agents become committed to them in virtue of acting—and resolves philosophical puzzles about the metaphysics, epistemology, and practical grip of normative claims.

Ethics and Agency Theory
Ethics and Agency Theory

Author: Norman E. Bowie

Publisher: Oxford University Press, USA

Published: 1992

Total Pages: 254

ISBN-13: 9780195067989

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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.

Morality, Competition, and the Firm
Morality, Competition, and the Firm

Author: Joseph Heath

Publisher: Oxford University Press

Published: 2014-08-01

Total Pages: 425

ISBN-13: 0199990492

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In this collection of provocative essays, Joseph Heath provides a compelling new framework for thinking about the moral obligations that private actors in a market economy have toward each other and to society. In a sharp break with traditional approaches to business ethics, Heath argues that the basic principles of corporate social responsibility are already implicit in the institutional norms that structure both marketplace competition and the modern business corporation. In four new and nine previously published essays, Heath articulates the foundations of a "market failures" approach to business ethics. Rather than bringing moral concerns to bear upon economic activity as a set of foreign or externally imposed constraints, this approach seeks to articulate a robust conception of business ethics derived solely from the basic normative justification for capitalism. The result is a unified theory of business ethics, corporate law, economic regulation, and the welfare state, which offers a reconstruction of the central normative preoccupations in each area that is consistent across all four domains. Beyond the core theory, Heath offers new insights on a wide range of topics in economics and philosophy, from agency theory and risk management to social cooperation and the transaction cost theory of the firm.

The Ethics of Need
The Ethics of Need

Author: Sarah Clark Miller

Publisher: Routledge

Published: 2013-03-01

Total Pages: 222

ISBN-13: 1136596666

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The Ethics of Need: Agency, Dignity, and Obligation argues for the philosophical importance of the notion of need and for an ethical framework through which we can determine which needs have moral significance. In the volume, Sarah Clark Miller synthesizes insights from Kantian and feminist care ethics to establish that our mutual and inevitable interdependence gives rise to a duty to care for the needs of others. Further, she argues that we are obligated not merely to meet others’ needs but to do so in a manner that expresses "dignifying care," a concept that captures how human interactions can grant or deny equal moral standing and inclusion in a moral community. She illuminates these theoretical developments by examining two cases where urgent needs require a caring and dignifying response: the needs of the elderly and the needs of global strangers. Those working in the areas of feminist theory, women’s studies, aging studies, bioethics, and global studies should find this volume of interest.

Dimensions of Moral Agency
Dimensions of Moral Agency

Author: David Boersema

Publisher: Cambridge Scholars Publishing

Published: 2014-11-10

Total Pages: 205

ISBN-13: 1443871095

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Dimensions of Moral Agency addresses and exemplifies the multi-dimensionality of modern moral philosophy. The book is a collection of papers originally presented at the Northwest Philosophy Conference in October 2013. The papers encompass a wide variety of topics within moral philosophy, including metaethics, normative ethics, and applied ethics, and broadly fall within the areas of the nature of moral agency and moral agency as it is played out in particular aspects of people’s lived experiences. The papers include assessments of the contributions of historical figures, such as Aristotle, Epictetus, Confucius, Berkeley, and Descartes, as well as analyses of agency as it relates to individual and social moral issues like mental illness, the ethics of debt, prostitution, eco-consumerism, oppression, and species egalitarianism, among others. Also covered are concerns related to the nature of moral reasoning at the individual and social level, the relevance of love and emotion to moral agency, and moral responsibility and efficacy. Interwoven with these topics and issues are concerns related to what sorts of things are, or could be, moral agents and what constitutes a moral good; the possibility of the existence of moral knowledge or moral facts or moral truth; and what constitutes moral motivation and how that is, or is not, related to questions of moral justification.

Agency and Democracy in Development Ethics
Agency and Democracy in Development Ethics

Author: Lori Keleher

Publisher: Cambridge University Press

Published: 2019-03-14

Total Pages: 489

ISBN-13: 1107195004

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Economists, philosophers, and policy experts from the Global North and South advance the conversation on the ethical dimensions of agency and democracy in development. These diverse essays from leading development academics and practitioners will interest students and scholars of global justice, international development and political philosophy.

Agency Theory and Executive Pay
Agency Theory and Executive Pay

Author: Alexander Pepper

Publisher: Springer

Published: 2018-11-19

Total Pages: 140

ISBN-13: 3319999699

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This new book examines the relationship between agency theory and executive pay. It argues that while Jensen and Meckling (1976) were right in their analysis of the agency problem in public corporations they were wrong about the proposed solutions. Drawing on ideas from economics, psychology, sociology and the philosophy of science, the author explains how standard agency theory has contributed to the problem of executive pay rather than solved it. The book explores why companies should be regarded as real entities not legal fictions, how executive pay in public corporations can be conceptualised as a collective action problem and how behavioral science can help in the design of optimal incentive arrangements. An insightful and revolutionary read for those researching corporate governance, HRM and organisation theory, this useful book offers potential solutions to some of the problems with executive pay and the standard model of agency.

Hegel's Theory of Responsibility
Hegel's Theory of Responsibility

Author: Mark Alznauer

Publisher: Cambridge University Press

Published: 2015-02-19

Total Pages: 229

ISBN-13: 1107078121

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The first book-length treatment of a central concept in Hegel's practical philosophy - the theory of responsibility. This theory is both original and radical in its emphasis on the role and importance of social and historical conditions as a context for our actions.