principal–agent problem

The Insatiable Machine

by Trevor Jackson  · 15 Mar 2026  · 270pp  · 104,133 words

the governments), so they were more trustworthy to owners of capital, and since they both collected the taxes and repaid the debts, there was no principal-agent problem or conflict of interests. These new renten were therefore safe investments, which meant they attracted capital from the mighty Antwerp market, and even farther afield

Smart Money: How High-Stakes Financial Innovation Is Reshaping Our WorldÑFor the Better

by Andrew Palmer  · 13 Apr 2015  · 280pp  · 79,029 words

, the commenda also defined the obligations that the traveler had to carry out when he was voyaging. This was an early attempt to solve the “principal-agent” problem that bedevils corporate governance today, in which shareholders have to rely on managers to exercise good judgment in running the companies they own.6 Equity

The Inequality Puzzle: European and US Leaders Discuss Rising Income Inequality

by Roland Berger, David Grusky, Tobias Raffel, Geoffrey Samuels and Chris Wimer  · 29 Oct 2010  · 237pp  · 72,716 words

are such that it is much easier to broadcast segments about CEO paychecks than discuss corporate governance issues. Five Principles for Moving Forward 207 The principal-agent problem, where the agent acts as the principal rather than advancing the interests of the owner, is neither unique to CEOs and business, nor is it

Are Chief Executives Overpaid?

by Deborah Hargreaves  · 29 Nov 2018  · 98pp  · 27,201 words

Foreword 1 Who Wants To Be a Millionaire? How the numbers add up Upwards ever upwards Changing climate ticks up top pay How companies work Principal–agent problem Money-making becomes sexy Recovering economy pushes up shares Time men of the year Business at the heart of government Rewarding top talent Who sets

…

are representing the owners or stewards of the company; the shareholders. Remuneration committee members should be consulting shareholders and their representatives regularly on executive pay. Principal–agent problem The need for a dialogue between directors and shareholders stems from academic work that was doing the rounds of US business schools in the 1970s

…

. This work on the so-called principal–agent problem explored the relationship between so-called owners of a company – the principals (or shareholders) – and their agents (the management). In the 1970s, shareholders had not

The Ascent of Money: A Financial History of the World

by Niall Ferguson  · 13 Nov 2007  · 471pp  · 124,585 words

of pooling information between multiple employees and agents.33 As was true of the English East India Company, the VOC’s biggest challenge was the principal-agent problem: the tendency of its men on the spot to trade on their own account, bungle transactions or simply defraud the company. This, however, was partially

Jared Bibler

by Iceland's Secret The Untold Story of the World's Biggest Con-Harriman House (2021)

abuse carried out by a large number of individuals acting in concert over a long period of time. Agency fraud refers to the age-old principal-agent problem: if you are the agent for a principal and you abuse that agency, then this is agency fraud under Icelandic law. To take a more

The Market for Force: The Consequences of Privatizing Security

by Deborah D. Avant  · 17 Oct 2010  · 872pp  · 135,196 words

; Clark, “Petro-Politics in Congo”; Skocpol, “Rentier State and Shi’a Islam in the Iranian Revolution.” For analyses of both economic and sociological approaches to principal-agent problems, see John Pratt and Richard Zeckhauser, Principals and Agents: the Structure of Business (Harvard: Harvard Business School Press, 1985). For the consequences of multiple principles

Deep Value

by Tobias E. Carlisle  · 19 Aug 2014

the stockholders of its decision to continue the business.”25 Graham published Security Analysis just two years after Berle and Means, who had identified the principal-agent problem in public corporations, released their work. He cited Berle and Means’s work with some agitation. They had submitted that it was “apparent to any

Democratizing innovation

by Eric von Hippel  · 1 Apr 2005  · 220pp  · 73,451 words

solution is the familiar economy that depends upon a blend of exclusive property rights, divisions of labor, reduction of transaction costs, and the management of principal-agent problems. The success of open source demonstrates the importance 170 Chapter 12 of a fundamentally different solution, built on top of an unconventional understanding of property

Elsewhere, U.S.A: How We Got From the Company Man, Family Dinners, and the Affluent Society to the Home Office, BlackBerry Moms,and Economic Anxiety

by Dalton Conley  · 27 Dec 2008  · 204pp  · 67,922 words

relationship between the customer and the service worker, it also damages the relationship between the worker and the firm. Tipping creates what economists term a principal-agent problem. In other words, it creates different incentives for the worker and the owner of an establishment. A waiter whose income largely derives from tips is

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by Walter Scheidel  · 14 Oct 2019  · 1,014pp  · 237,531 words

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Liars and Outliers: How Security Holds Society Together

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The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

by Mohamed A. El-Erian  · 26 Jan 2016  · 318pp  · 77,223 words

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by Richard Shotton  · 12 Feb 2018  · 184pp  · 46,395 words

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by Vito Tanzi  · 28 Dec 2017

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by Ha-Joon Chang  · 26 May 2014  · 385pp  · 111,807 words

Lying for Money: How Fraud Makes the World Go Round

by Daniel Davies  · 14 Jul 2018  · 294pp  · 89,406 words

Deep Utopia: Life and Meaning in a Solved World

by Nick Bostrom  · 26 Mar 2024  · 547pp  · 173,909 words

The Future of Capitalism: Facing the New Anxieties

by Paul Collier  · 4 Dec 2018  · 310pp  · 85,995 words

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by Julie Battilana and Tiziana Casciaro  · 30 Aug 2021  · 345pp  · 92,063 words

The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality

by Brink Lindsey  · 12 Oct 2017  · 288pp  · 64,771 words

SuperFreakonomics

by Steven D. Levitt and Stephen J. Dubner  · 19 Oct 2009  · 302pp  · 83,116 words

Paper Promises

by Philip Coggan  · 1 Dec 2011  · 376pp  · 109,092 words

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by Francis Fukuyama  · 1 Mar 2000

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by Tom Slee  · 18 Nov 2015  · 265pp  · 69,310 words

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by Joel Mokyr  · 8 Jan 2016  · 687pp  · 189,243 words

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by Diane Coyle  · 21 Feb 2011  · 523pp  · 111,615 words

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by Joseph E. Stiglitz  · 22 Apr 2019  · 462pp  · 129,022 words

When to Rob a Bank: ...And 131 More Warped Suggestions and Well-Intended Rants

by Steven D. Levitt and Stephen J. Dubner  · 4 May 2015  · 306pp  · 85,836 words

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by Richard Robb  · 12 Nov 2019  · 202pp  · 58,823 words

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by Elinor Ostrom  · 29 Nov 1990

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