principal–agent problem

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

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

Bean Counters: The Triumph of the Accountants and How They Broke Capitalism

by Richard Brooks  · 23 Apr 2018  · 398pp  · 105,917 words

-twenty-first-century financial crisis. Auditing limited companies, made mandatory in Britain around a hundred years before, was always a check on the so-called ‘principal/agent problem’ inherent in the corporate form of business. As Adam Smith once pointed out, ‘managers of other people’s money’ could not be trusted to be

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 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

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

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

Adam Smith: Father of Economics

by Jesse Norman  · 30 Jun 2018

not allow workers to take financial value out of their long-term importance to employers. The third is what has since become known as the principal–agent problem: the problem that someone charged with carrying out a task may have a conflict of interest, an agenda of their own which affects their judgement

Escape From Rome: The Failure of Empire and the Road to Prosperity

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

. Oxford: Oxford University Press. Smith, Michael E. 2000. “Aztec city-states.” In Hansen 2000a, 581–95. Sng, Tuan-Hwee. 2014. “Size and dynastic decline: The principal-agent problem in late imperial China, 1700–1850.” Explorations in Economic History 54: 107–27. So, Billy K. L. 2000. Prosperity, region, and institutions in maritime China

The Market for Force: The Consequences of Privatizing Security

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

India's Long Road

by Vijay Joshi  · 21 Feb 2017

Democratizing innovation

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

The Origins of Political Order: From Prehuman Times to the French Revolution

by Francis Fukuyama  · 11 Apr 2011  · 740pp  · 217,139 words

Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup

by Andrew Zimbalist  · 13 Jan 2015  · 222pp  · 60,207 words

Principles of Corporate Finance

by Richard A. Brealey, Stewart C. Myers and Franklin Allen  · 15 Feb 2014

The Clash of the Cultures

by John C. Bogle  · 30 Jun 2012  · 339pp  · 109,331 words

Economists and the Powerful

by Norbert Haring, Norbert H. Ring and Niall Douglas  · 30 Sep 2012  · 261pp  · 103,244 words

Stolen: How to Save the World From Financialisation

by Grace Blakeley  · 9 Sep 2019  · 263pp  · 80,594 words

Corporate Warriors: The Rise of the Privatized Military Industry

by Peter Warren Singer  · 1 Jan 2003  · 482pp  · 161,169 words

The Fissured Workplace

by David Weil  · 17 Feb 2014  · 518pp  · 147,036 words

State-Building: Governance and World Order in the 21st Century

by Francis Fukuyama  · 7 Apr 2004

Life Inc.: How the World Became a Corporation and How to Take It Back

by Douglas Rushkoff  · 1 Jun 2009  · 422pp  · 131,666 words

Unfinished Empire: The Global Expansion of Britain

by John Darwin  · 12 Feb 2013

Warren Buffett Accounting Book: Reading Financial Statements for Value Investing (Warren Buffett's 3 Favorite Books)

by Stig Brodersen and Preston Pysh  · 30 Apr 2014  · 261pp  · 63,473 words

The Metric Society: On the Quantification of the Social

by Steffen Mau  · 12 Jun 2017  · 254pp  · 69,276 words

Crisis Economics: A Crash Course in the Future of Finance

by Nouriel Roubini and Stephen Mihm  · 10 May 2010  · 491pp  · 131,769 words

Career and Family: Women’s Century-Long Journey Toward Equity

by Claudia Goldin  · 11 Oct 2021  · 445pp  · 122,877 words

Transaction Man: The Rise of the Deal and the Decline of the American Dream

by Nicholas Lemann  · 9 Sep 2019  · 354pp  · 118,970 words

Money Changes Everything: How Finance Made Civilization Possible

by William N. Goetzmann  · 11 Apr 2016  · 695pp  · 194,693 words

Bulletproof Problem Solving

by Charles Conn and Robert McLean  · 6 Mar 2019

Trading and Exchanges: Market Microstructure for Practitioners

by Larry Harris  · 2 Jan 2003  · 1,164pp  · 309,327 words

Private Government: How Employers Rule Our Lives (And Why We Don't Talk About It)

by Elizabeth S. Anderson  · 22 May 2017  · 205pp  · 58,054 words

Capitalism: Money, Morals and Markets

by John Plender  · 27 Jul 2015  · 355pp  · 92,571 words

Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)

by Charles Wheelan  · 18 Apr 2010  · 386pp  · 122,595 words

How Markets Fail: The Logic of Economic Calamities

by John Cassidy  · 10 Nov 2009  · 545pp  · 137,789 words

Liars and Outliers: How Security Holds Society Together

by Bruce Schneier  · 14 Feb 2012  · 503pp  · 131,064 words

The Innovation Illusion: How So Little Is Created by So Many Working So Hard

by Fredrik Erixon and Bjorn Weigel  · 3 Oct 2016  · 504pp  · 126,835 words

The Wisdom of Finance: Discovering Humanity in the World of Risk and Return

by Mihir Desai  · 22 May 2017  · 239pp  · 69,496 words

Expected Returns: An Investor's Guide to Harvesting Market Rewards

by Antti Ilmanen  · 4 Apr 2011  · 1,088pp  · 228,743 words

Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State

by Paul Tucker  · 21 Apr 2018  · 920pp  · 233,102 words

Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies

by Charles de Ganahl Koch  · 14 Sep 2015  · 261pp  · 74,471 words

Markets, State, and People: Economics for Public Policy

by Diane Coyle  · 14 Jan 2020  · 384pp  · 108,414 words

Rebooting Democracy: A Citizen's Guide to Reinventing Politics

by Manuel Arriaga  · 1 Jan 2014  · 124pp  · 30,520 words

Confessions of a Microfinance Heretic

by Hugh Sinclair  · 4 Oct 2012  · 346pp  · 101,763 words

The Glass Half-Empty: Debunking the Myth of Progress in the Twenty-First Century

by Rodrigo Aguilera  · 10 Mar 2020  · 356pp  · 106,161 words

What's Wrong With Economics: A Primer for the Perplexed

by Robert Skidelsky  · 3 Mar 2020  · 290pp  · 76,216 words

The Euro and the Battle of Ideas

by Markus K. Brunnermeier, Harold James and Jean-Pierre Landau  · 3 Aug 2016  · 586pp  · 160,321 words

Skin in the Game: Hidden Asymmetries in Daily Life

by Nassim Nicholas Taleb  · 20 Feb 2018  · 306pp  · 82,765 words

Superintelligence: Paths, Dangers, Strategies

by Nick Bostrom  · 3 Jun 2014  · 574pp  · 164,509 words

Handbook of Modeling High-Frequency Data in Finance

by Frederi G. Viens, Maria C. Mariani and Ionut Florescu  · 20 Dec 2011  · 443pp  · 51,804 words

Bad Samaritans: The Guilty Secrets of Rich Nations and the Threat to Global Prosperity

by Ha-Joon Chang  · 4 Jul 2007  · 347pp  · 99,317 words

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

by Ha-Joon Chang  · 26 Dec 2007  · 334pp  · 98,950 words

Makers and Takers: The Rise of Finance and the Fall of American Business

by Rana Foroohar  · 16 May 2016  · 515pp  · 132,295 words

The Economics Anti-Textbook: A Critical Thinker's Guide to Microeconomics

by Rod Hill and Anthony Myatt  · 15 Mar 2010

Public Places, Urban Spaces: The Dimensions of Urban Design

by Matthew Carmona, Tim Heath, Steve Tiesdell and Taner Oc  · 15 Feb 2010  · 1,233pp  · 239,800 words

Misbehaving: The Making of Behavioral Economics

by Richard H. Thaler  · 10 May 2015  · 500pp  · 145,005 words

Spies, Lies, and Algorithms: The History and Future of American Intelligence

by Amy B. Zegart  · 6 Nov 2021

Investment: A History

by Norton Reamer and Jesse Downing  · 19 Feb 2016

Antifragile: Things That Gain From Disorder

by Nassim Nicholas Taleb  · 27 Nov 2012  · 651pp  · 180,162 words

What They Do With Your Money: How the Financial System Fails Us, and How to Fix It

by Stephen Davis, Jon Lukomnik and David Pitt-Watson  · 30 Apr 2016  · 304pp  · 80,965 words

Super Thinking: The Big Book of Mental Models

by Gabriel Weinberg and Lauren McCann  · 17 Jun 2019

The Rise of the Quants: Marschak, Sharpe, Black, Scholes and Merton

by Colin Read  · 16 Jul 2012  · 206pp  · 70,924 words

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

Big Data and the Welfare State: How the Information Revolution Threatens Social Solidarity

by Torben Iversen and Philipp Rehm  · 18 May 2022

Termites of the State: Why Complexity Leads to Inequality

by Vito Tanzi  · 28 Dec 2017

The Choice Factory: 25 Behavioural Biases That Influence What We Buy

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

A Pelican Introduction Economics: A User's Guide

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

Power, for All: How It Really Works and Why It's Everyone's Business

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

Lying for Money: How Fraud Makes the World Go Round

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

Paper Promises

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

The Future of Capitalism: Facing the New Anxieties

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

Deep Utopia: Life and Meaning in a Solved World

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

SuperFreakonomics

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

Social Capital and Civil Society

by Francis Fukuyama  · 1 Mar 2000

What's Yours Is Mine: Against the Sharing Economy

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

People, Power, and Profits: Progressive Capitalism for an Age of Discontent

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

The Economics of Enough: How to Run the Economy as if the Future Matters

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

A Culture of Growth: The Origins of the Modern Economy

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

Willful: How We Choose What We Do

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

Governing the Commons: The Evolution of Institutions for Collective Action

by Elinor Ostrom  · 29 Nov 1990

Machine, Platform, Crowd: Harnessing Our Digital Future

by Andrew McAfee and Erik Brynjolfsson  · 26 Jun 2017  · 472pp  · 117,093 words

More: The 10,000-Year Rise of the World Economy

by Philip Coggan  · 6 Feb 2020  · 524pp  · 155,947 words