Catherine M. Daily, Marc Dollinger,
... Cubbin and Leech 1983) remain unanswered. Agency theory (Fama 1980, Jensen and Meckling 1976, Fama and Jensen 1983), ... interest result in performance disadvantages for the firm (Fama 1980). Costs result when managers seek to maximize their ...
Tópico(s): Family Business Performance and Succession
1993 - Wiley | Journal of Small Business Management
Rabeea Sadaf, Judit Oláh, József Popp, Domícián Máté,
... shareholders and this results in an agency problem (Fama, 1980; Fama & Jensen, 1983). A number of empirical studies also ...
Tópico(s): Corporate Finance and Governance
2018 - Technical University of Liberec | E+M Ekonomie a Management
... of the principals and those of the agents. Fama (1980) and Fama and Jensen (1983a and 1983b) have suggested a ...
Tópico(s): State Capitalism and Financial Governance
2010 - | The ICFAI Journal of Corporate Governance
William J. Donoher, Richard Reed,
... We draw primarily on agency theory (e.g., Fama, 1980; Jensen and Meckling, 1976) to focus on the ... 1976). Because they cannot diversify their employment capital (Fama, 1980), managers may have positive incentives to pursue strategies ...
Tópico(s): Financial Reporting and Valuation Research
2007 - Pittsburg State University | Journal of managerial issues
... AND MORAL HAZARDAgency Theory (Jensen and Meckling 1976; Fama 1980; Fama and Jensen 1983) is a wellknown theory derived ...
Tópico(s): Global trade, sustainability, and social impact
2014 - | Journal of organizational culture, communication and conflict
... 1983a), dismissal of poortly performing CEOs (e.g. Fama, 1980) and discipline from financial markets including the threat ...
Tópico(s): Corporate Finance and Governance
1994 - Oxford University Press | Industrial and Corporate Change
James P. Walsh, James K. Seward,
... which he or she has a financial interest (Fama 1980). The owners hire boards of directors who, in ...
Tópico(s): Banking stability, regulation, efficiency
1990 - Academy of Management | Academy of Management Review
Tyler Cowen, Randall S. Kroszner,
Recent work by Black (1970), Fama (1980), Hall (1983), Wallace (1983), and others has stimulated interest in what Hall (1982a) labels the new monetary economics (henceforth, NME).I ...
Tópico(s): Monetary Policy and Economic Impact
1990 - Elsevier BV | Journal of Policy Modeling
Donald J. Boudreaux, Randall G. Holcombe,
... New York: John Wiley. Google Scholar E. F. Fama (1980). Agency problems and the theory of the firm. ...
Tópico(s): Law, Economics, and Judicial Systems
1989 - Wiley | Managerial and Decision Economics
Douglas W. Diamond, Anil Kashyap, Raghuram G. Rajan,
... time to acquire a reputation. The earlier models (Fama 1980; Holmström 1982; Kreps and Wilson 1982; Milgrom and ...
Tópico(s): Global Financial Crisis and Policies
2017 - University of Chicago Press | Journal of Political Economy
... firm ownership structure is optimal for all situations, Fama (1980) contends that ownership of the firm may be ...
Tópico(s): Firm Innovation and Growth
1998 - Wiley | Journal of Small Business Management
... Moreover, the agency literature (Pratt and Zeckhauser 1985; Fama 1980) suggests that top managers, like other employees, need ...
Tópico(s): Corporate Finance and Governance
1997 - Wiley | Journal of Small Business Management
Douglas V. DeJong, Robert Forsythe, Wilfred C. Uecker,
... managers (see, for example, Jensen and Meckling [1976], Fama [1980],
Tópico(s): Auction Theory and Applications
1985 - Wiley | Journal of Accounting Research
... Consistent with the models of Patinkin (1961) and Fama (1980), monthly, quarterly, and annual data indicate that the ...
Tópico(s): Economic theories and models
1982 - University of Chicago Press | The Journal of Business
... of assets called money and nominal spending (Eugene Fama, 1980), but different regulations would alter that relation. Even ...
Tópico(s): Economic Theory and Policy
1982 - American Economic Association | Journal of Economic Literature
... partial equilibrium model used here is given by Fama (1980). The following section presents a simple model of ...
Tópico(s): Economic theories and models
1982 - Wiley | Economica
... associated with such firms' ownership and control structures (Fama, 1980; Fama and Jensen, 1983a, 1983b; Jensen and Meckling, 1976). ...
Tópico(s): Private Equity and Venture Capital
2009 - Pittsburg State University | Journal of managerial issues
Batia M. Wiesenfeld, Kurt Wurthmann, Donald C. Hambrick,
... the amount of professional devaluation, or "settling up" (Fama, 1980), that a corporate elite member--an executive or ...
Tópico(s): Employment and Welfare Studies
2004 - Academy of Management | Academy of Management Proceedings
Albert A. Cannella, Donald Fraser, D. SCOTT LEE, Matthew Semadeni,
... of labor markets in ex post settling up (Fama, 1980). We argue that by distancing themselves from a ...
Tópico(s): Banking stability, regulation, efficiency
2002 - Academy of Management | Academy of Management Proceedings
Jules Roger Feudjo, Gisèle Kakti, Félix Zogning,
... family. This process differs from the model of Fama (1980) and Fama and Jensen (1983) either by the size of ...
Tópico(s): Corporate Finance and Governance
2021 - Publishing house "Virtus Interpress" | Corporate Ownership and Control
Messod D. Beneish, Eric Press, Mark E. Vargus,
... Rand Journal of Economics 15 (4): 521– 36. Fama, F. 1980. Agency problems and the theory of the firm. Journal of Political Economy 88 (2): 288– 307. Fama, F., and M. Jensen. 1983. Separation of ownership ...
Tópico(s): Financial Reporting and Valuation Research
2011 - Wiley | Contemporary Accounting Research
Jennifer Francis, Allen Huang, Shivaram Rajgopal, Amy Zang,
... The Journal of Finance 59 (4): 1553–83. Fama, E. 1980. Agency problems and the theory of the firm. Journal of Political Economy 88 (2): 288–307. Fama, E., and K. French 1997. Industry costs of ...
Tópico(s): Accounting Education and Careers
2008 - Wiley | Contemporary Accounting Research
Anup Agrawal, Ralph A. Walkling,
... within three years after the bid. Consistent with Fama's (1980) notion of “ex post settling up”, postbid compensation ...
Tópico(s): Auditing, Earnings Management, Governance
1994 - Wiley | The Journal of Finance
Anup Agrawal, Ralph A. Walkling,
... within three years after the bid. Consistent with Fama's (1980) notion of ex post settling up, postbid compensation ...
Tópico(s): Corporate Finance and Governance
1994 - Wiley | The Journal of Finance
Hilary Ingham, Steve Thompson,
... 1007/978-1-349-09680-0 Google Scholar Fama, E. (1980), 'Agency problems and the theory of the firm', ...
Tópico(s): Housing Market and Economics
1993 - Wiley | Fiscal Studies
... of agency costs. This result is incosistent with Fama's (1980) suggestion that the wage determination process in managerial ...
Tópico(s): Law, Economics, and Judicial Systems
1988 - Wiley | Managerial and Decision Economics
... hazard problem in a framework that extends E. Fama's (1980) single-period labor contracts model by introducing recontracting ...
Tópico(s): Fiscal Policy and Economic Growth
1988 - Wiley | Economica
... 10.1111/j.1467-8551.2005.00450.x Fama, E. (1980). ‘Agency problems and the theory of the firm’, ...
Tópico(s): Accounting and Organizational Management
2005 - Wiley | British Journal of Management
Pedro Ortı́n Ángel, Albert A. Cannella,
... Shapiro & Stiglitz, 1984) to provide better understanding of Fama’s (1980) seminal notion that executive labor markets contribute to ...
Tópico(s): Financial Reporting and Valuation Research
2004 - Emerald Publishing Limited | Management Research The Journal of the Iberoamerican Academy of Management
... 10.1086/261155 Web of Science®Google Scholar Fama, E. (1980). “Agency Problems and the Theory of the Firm”, ...
Tópico(s): Housing Market and Economics
1994 - Wiley | Manchester School