theory of agency

theory of agency
"金山词霸2003法学大词典":
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English-Chinese law dictionary (法律英汉双解大词典). 2013.

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  • Agency (philosophy) — Agency is a philosophical concept of the capacity of an agent to act in a world. The agency is considered as belonging to that agent, even if that agent represents a fictitious character, or some other non existent entity. The capacity to act… …   Wikipedia

  • agency theory, financial — Introduction       in organizational economics, a means of assessing the work being done for a principal (i.e., an employer) by an agent (i.e., an employee). While consistent with the concept of agency traditionally advanced by legal scholars and …   Universalium

  • agency — /ay jeuhn see/, n., pl. agencies. 1. an organization, company, or bureau that provides some service for another: a welfare agency. 2. a company having a franchise to represent another. 3. a governmental bureau, or an office that represents it. 4 …   Universalium

  • agency — The term agency is usually juxtaposed to structure and is often no more than a synonym for action, emphasizing implicitly the undetermined nature of human action, as opposed to the alleged determinism of structural theories. If it has a wider… …   Dictionary of sociology

  • Agency cost — An agency cost is an economic concept on the cost incurred by an organization that is associated with problems such as divergent management shareholder objectives and information asymmetry. The costs consist of two main sources: 1. The costs… …   Wikipedia

  • Agency of the European Union — European Union This article is part of the series: Politics and government of the European Union …   Wikipedia

  • agency theory — The relationship between two parties, a *principal and an *agent, in which the latter represents or acts on behalf of the former. *Agency costs may arise if the goals of a principal and agent are not congruent: an agent, in other words, may be… …   Auditor's dictionary

  • Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background …   Wikipedia

  • Agency-Theorie — Grundidee der Prinzipal Agent Theorie (P: Prinzipal, A: Agent) Die Prinzipal Agent Theorie (auch Agenturtheorie) ist innerhalb der Wirtschaftswissenschaft ein Teilgebiet der Neuen Institutionenökonomik. Sie bietet ein Modell, um das Handeln von… …   Deutsch Wikipedia

  • Agency Theory — A theory concerning the relationship between a principal (shareholder) and an agent of the principal (company s managers). Agency theory is a very academic term. Essentially it involves the costs of resolving conflicts between the principals and… …   Investment dictionary

  • agency relationship — A relationship in which a principal engages an agent to perform some service on his or her behalf; this involves delegating authority by the principal. As it has to be assumed that the agent will not always act in the best interests of the… …   Big dictionary of business and management

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